Nikko Hit 1.1 Million Dollar Lien!?!
Mimi Faust ex boyfriend is in hot water after Nikko Hit 1.1 Million Dollar Lien for, after losing a lawsuit which accused Nikko and his wife Margo Sim of some shady business practices with their music business partners.
Now that Nikko is flying solo without Mimi Faust his future on LHHATL 4 is in question. Not only that Nikko’s slimminess has finally surfaced as he has just been hit with a $1.1million dollar Lien, after losing a lawsuit which accused him and his wife of screwing over their music business partners.
What is worse is that Nikko scheme to use Mimi Faust’s fame on Love and Hip Hop Atlanta Season 3 as a platform to get rish quick with a raunchy tape has rumored to be an failed attempt. CelebNusic247.com has learned via theJasmineBRAND.com that it’s rumored that the tape only brought in around $100,000 – and now with his Love and Hip Hop future up in the air, there couldn’t be a worse time for him to pay up.
Word is, Nikko has been slapped with a 1.1 million dollar lien, after losing a lawsuit which accused him and his wife of screwing over their music business partners.
A music company named Supafly Entertainment sued Nikko and his wife Margo Simms back in 2008.
Supafly explained in their lawsuit that they were working with a new band named Test Drive with Nikko and Margo. However, the company says they fronted all the cash for the band to be paid to record an album — including promotions, studio time, song writers, production, website etc.
The company said that they then got an offer from Universal Music to sign the band, but Nikko and Margo started making questionable business moves behind the scenes to cut Supafly out of the picture and make a deal without them.
However, the plan backfired and no deal was ever made.
Nikko and his wife are being sued for posting the band’s music on MySpace and having the band perform live at concerts.
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