Lil Wayne Sued For Unpaid Jewelery Balance

Date: October 2007

What happened? When Louisiana jeweler Jack Sutton sold Lil Wayne a $138,000 diamond ring and $32,000 diamond chain in 2006, the two agreed that Wayne would pay off the cost in monthly installments. However, Wayne stopped sending money after he made one payment of $24,000. A lawsuit was filed and, in the settlement, Wayne agreed to give back the ring.

Complex says: So in other words, Wayne basically rented a diamond ring and gave it back when he was tired of it?