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 Suge Knight's Mansion Sold In Bankruptcy Court

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PostSubject: Suge Knight's Mansion Sold In Bankruptcy Court   Fri Dec 05, 2008 11:13 am

The multi-million dollar home of Marion “Suge” Knight was recently sold in bankruptcy court, adding to the rap mogul’s list of problems.

Knight’s Malibu mansion was sold for $4.56 million dollars - much less than the $6.2 million dollars the former head of Death Row Records was seeking for the house last year.

The seven-bedroom, 9 ½ bathroom, Mediterranean style house, which has views of the ocean, also sits on 8 acres of land and features a pool and tennis court.

The sale comes on the heels of Knight being charged with two felony drug charges and one misdemeanor assault charge earlier this month.

knight, 43, was allegedly involved in an incident in Las Vegas on August 27, in which he is accused of assaulting a female acquaintance and standing over her with a knife during an argument.

Police also claim Knight was in possession of ecstasy and hyrdocodone on the night of the altercation with the woman, identified as Melissa Isaac.

Isaac, who was allegedly found naked on the side of the road by police, was treated at a local hospital for injuries related to the assault, although she was not stabbed despite the fact that Knight was holding a knife.

At press time, Isaac’s whereabouts are unknown.

Knight is also suing superstar Kanye West, claiming the chart topping rapper is responsible for a $135,000 dollar diamond earring that was lost when Knight was shot in the leg, at a pre-VMA party in Miami in 2005.

Also named in that lawsuit is The Shore Club, the Miami Beach venue that hosted the party for West.

Knight is also suing the Barstow, California Police Department, claiming the match to his other missing earring was stolen by police, as he was being transferred from different detention centers.

Knight, who once helmed the influential Death Row Records, filed for bankruptcy protection in April of 2006, to avoid paying a default $107 million judgment to Michael “Harry-O” Harris and his estranged wife Lydia Harris.

The Harris’ claim they helped launch Death Row in 1991 by providing $1.5 million in seed money.

In court documents, Knight revealed that his total monthly bill in child support alone equals almost $37,000 dollars per month.

“I have not been able to keep those payments current due to a lack of income,” Knight wrote to the court last May.

“While I have been trying in a number of ways to earn income since the filing of my Chapter 11 case in April of 2006, I have yet to receive any income….any monies that I am able to recover from the proceeds of my personal injury claim relating to me being shot would be needed by me to support my living expenses and to support my children,” Knight wrote.


source : allhiphop.com
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