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Lil Wayne Sued Over Failed Website Payments

(Gustavo Caballero, Getty Images for GQ)
(Gustavo Caballero, Getty Images for GQ)
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Updated: 7/08 6:35 am

Rapper Lil Wayne has been hit with legal papers accusing him of failing to make payments for his record label's website. The "Lollipop" hitmaker founded the Young Money Entertainment record label in 2005 and the website youngmoney.com already existed to promote a young entrepreneurial business. The owners of youngmoney.com sold that web address to bosses at Wayne's label in 2011 for $600,000 so the company could promote its artists and music releases. According to legal documents obtained by TMZ.com, Young Money bosses had to pay off the amount in installments or they would forfeit the name and it would return to the seller. Now the website's original owners have launched legal proceedings to recover the domain name, alleging they are owed an outstanding balance of $250,000.

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