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On July 15, 2024, Rich The Kid was served court documents related to a 2020 lawsuit with his alleged former jeweler Peter Marco. The rapper was arriving at Grandmaster Recordings in Hollywood for the release party of his new album, Life's a Gamble, when the incident occurred.
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TMZ acquired the court documents from attorney Baruch C. Cohen, who represents Marco in the legal battle. In 2020, Marco sued Rich The Kid for allegedly failing to pay dues worth $234,000, claiming the rapper refused to pay for his jewelry and watches but kept placing orders.
Rich The Kid and Peter Marco's 2020 lawsuit explored
In 2020, Peter Marco alleged that Rich The Kid refused to pay for his jewelry. On May 11, 2020, the rapper refuted Marco's accusations on social media, claiming he had never worked with Peter Marco and that his jewelry was made by Elliot Eliantte, a jewelry maker in NYC. The rapper stated:
"I repeat @eliantte is my only jeweler! Y'all other n****s got FAKE stones stop playin wit my name in the pandemic I might go spend a half ticket today God bless."
According to XXL Magazine, Peter Marco, from Extraordinary Jewels of Beverly Hills, alleged that he had been working with the rapper since 2017. He added that the rapper used to order diamond necklaces, crosses, and Patel Philippe watches.
He claimed that Rich The Kid used to make his payments via wire transfer, but the payments stopped after a while. Rich allegedly continued making purchases but refused to pay for the items.
In the court documents, Marco alleged that the total unpaid bills racked up to $234,000, so he decided to sue the rapper to get his money. No further developments regarding the case were made public till Rich was served with the court documents on July 15, 2024.
Rich The Kid's other lawsuits explored
This is not the first time Rich has faced legal issues. In 2020, the rapper was sued by his management, Blueprint Artist Management, for $3.5 million for reportedly breaching his contract agreement.
According to Revolt, the rapper failed to pay the fee from a recording deal in May 2017. The management company claimed that it had reached out to the rapper many times for the payment, but he had allegedly refused to cooperate. No further information regarding this lawsuit is known.
In 2023, an unnamed woman came forward and accused the rapper of failing to uphold his financial agreement for keeping her pregnancy a secret from his then-fiancée, Tori Brixx.
According to The Source, Rich met the woman after his Boston concert on January 28, 2023. She alleged that they slept together. After discovering she was pregnant, she reached an agreement with the rapper to terminate the pregnancy for an undisclosed amount in March 2023.
In her lawsuit, she claimed that while the rapper made two payments, he still owed her $25,000, which he refused to pay. She sued him in a Massachusetts court, and the case was settled in January 2024, with Rich The Kid ordered to pay $45,000.
Despite these legal troubles, Rich The Kid is set to release his fourth studio album, Life's a Gamble, on July 19, 2024.
