Bow Wow owes $280K on Ferrari lease

Posted on Oct 6, 2012 in Entertainment | 0 comments

Creditors are chasing U.S. rapper Bow Wow for more than $280,000 he owes on a 2008 lease for a Ferrari, TMZ reported.

The musician fell behind on the lease in February 2009 and the leasing company sued and won a judgment of $216,084.75. Bow Wow never paid the judgment, which — with interest — has grown to $283,785.13, TMZ said documents show.

Bow Wow — who recently announced he will host 106 & Park on BET — told a custody judge this week he had $1,500 in his bank account and makes $4,000 a month.

Copyright 2012 by United Press International