Lil Yachty Sued By Jeweler For Bounced Checks and Unpaid Bills
New court documents show celebrity jeweler Guven’s Fine Jewelry is suing Lil Yachty for breach of contract, alleging he skipped out on paying his bill of more than $200,000,
Guven’s said it had been doing business with Yachty since 2017, sending him jewels that he would later pay for if he decided to keep, including a $175,000 white gold diamond ring, a rose gold Patek Philippe watch that’s worth $195,000, a white gold Rolex for $95,000, and a white gold diamond tennis bracelet for $200,000.
The suit says Lil Yachty paid off more than half of the $600,000 balance for over 20 pieces, but the jewelers said he still owes $233,000. They also said his last installment check for $70,000 bounced.
The jewelers submitted text messages that show Yachty admitting that he owes them money, but he gives them a bunch of excuses on why he can’t pay. “..Bro if I had it I would give it to you,” Lil Yachty allegedly wrote in text message submitted as evidence. “I’m not gone hold u (sic) out if I had it just to give. I have had many bills to pay. Taxes, debt, etc…All that money went instantly. The teeth I just got I traded jewelry for.”
As of this week Lil Yachty hasn’t responded to the suit.