50 Cent’s Sire Spirits Lost Millions to Cheating Employee: Court Documents

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50 Cent was taken for big money by an employee who secretly pocketed millions in champagne and cognac from the rapper, according to court documents.

The Queens-born rapper, whose first name is Curtis Jackson, launched his Branson Cognac in 2018 and Le Chemin du Roi, or The King’s Path, champagne in 2019, through his company, Sire Spirits.

Alcohol isn’t cheap, with cognac selling for $200+ and sparkling for $150+.

But the company’s director of brand management, Mitchell Green, was raising prices and taking kickbacks from wholesalers to the tune of $2.2 million in so-called “agency fees,” according to Manhattan Federal Court records.

50 Cent launched Branson Cognac in 2018.
branson

Green only confessed to the scheme in February 2020, “after two years of embezzling funds from Sire Spirits”, because he was extorted by someone threatening to report him. The company fired him and took him to arbitration.

An arbitrator found Green liable for the money he pocketed, as well as an additional $948,096 paid to a wholesaler, and ordered him to pay an additional $2.7 million in attorneys’ fees, costs and damages -interest for a whopping total of $6.2 million, according to court records.

A Manhattan judge upheld the arbitrator’s decision in June. Green’s attorneys did not respond to a message seeking comment.

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