Thursday, October 14, 2010

IRS to Auction Off Young Buck's Belongings on Oct. 28

The IRS will not stop until it gets their money. After rapper Young Buck, whose real name is David Darnell Brown, filed for bankruptcy in late August after IRS agents raided his Sumner County, Tenn. home and seized thousands of dollars in property, including numerous pieces of gold/diamond jewelry, recording studio equipment, art work, televisions and home furnishings. The items will be auction off on Oct. 28 to help repay more than $164,000 in unpaid income taxes.

The IRS is holding an open house on Oct. 27 at 5373 Mt. View Road in Antioch to view the goods from noon until 5pm and then again there on Oct. 28 from 8am until 10am, when the auction will begin. Items must be paid in full with cash, certified check, cashier’s or treasurer’s check, or by money order, all payable to the United States Treasury.

This is a list of the items up for bid.

Update: The auction has been cancelled after Young Buck's attorney filed suit to recover the rapper's property and stop the auction, saying that Young Buck would sell real estate worth $638,500 to begin repaying those taxes. In the court filing, the attorney wrote that the seizure caused stress with his children and family and impeded his ability to repay the government. She added that the property was needed for Young Buck's “peace of mind to maintain calmness in order to stimulate the creative juices.” Hilarity.

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