50 Cent, Jim Beam Head to Mediation Amid Embezzlement Claims

Rapper 50 Cent’s alcohol brand, Sire Spirits LLC, and the parent company of Jim Beam are headed to mediation to settle claims that representatives of Beam Suntory Inc. committed fraud and embezzled money from Sire.

A Manhattan judge sustained Sire’s claims of fraud and conspiracy against Michael Caruso and Julious Grant, both of whom allegedly acted on Beam Suntory’s behalf to help Sire expand and make connections in the alcohol industry. However, the two are accused of orchestrating an embezzlement scheme that included millions in false invoices.

Attorneys for Sire, Caruso, and Grant agreed to mediation during Friday’s oral arguments. ...