According to TMZ , Weezy purchased the domain name youngmoney.com in 2011 for $600,000 from a company that specializes in helping young entrepreneurs manage and make money.
The agreement between the two companies stated that if Wayne didn’t make the payments on time, YM would forfeit the name young money.com and it would go back to the seller.
According to the lawsuit, the New Orleans rapper owes the brand $250k and is refusing to pay. The seller is suing to get the domain name back.
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