Dwayne MichaelCarterJr., the Miami Beach-based rapper known as Lil’ Wayne, treated himself to a $138,000 diamond ring and $32,000 gold-and-diamond necklace — but failed to cough up the cash money. So says a lawsuit filed in Miami-Dade Circuit Court. Carter, 25, multimillionaire president of Cash Money Records, owes $146,000 on the $170,000 purchase, the complaint alleges.

Plaintiff is Jack Sutton Fine Jewelry in New Orleans, Carter’s hometown. Jack Sutton,

The handmade platinum ring contains an 11.55 carat, princess-cut diamond surrounded by an additional five carats of invisible set princess diamonds. The 32-inch necklace is draped with ice — four rows deep, 105 carats total weight — in 18 karat white gold.Carter agreed to pay monthly installments, the suit says. Sutton received a $24,000 check on Oct. 12. The next $24,000 check was dated Jan. 18. Sutton deposited it, only to learn a stop payment had been issued.

Sutton says he tried to reach Carter, sending e-mails to the artist’s financial advisor. No luck.

”Defendant has breached his oral and written agreement,” says the suit, filed by Miami attorney Richard Wolfe.

Sutton can’t figure it out. Carter is ”one of my best customers,” he says. “He spent a lot of money with me. I thought we have a really good relationship. I don’t know what happened, unless it’s a misunderstanding.”

Ron Sweeney, Carter’s California-based entertainment attorney, confirms that Carter and Sutton have done business for years without a hitch. ”This is clearly a misunderstanding,” Sweeney says. “If, in fact, the allegations are true, then it will be resolved. My client is very responsible.”

Carter bought a place in South Beach in August — a $3.1 million condo at Murano Grande, four bedrooms on the 26th floor. ”He did not attend the closing, as is common with most celebrities,” says Neal Litman, his local real estate lawyer.

Circuit Judge ScottSilverman has the jewelry case. Carter also has a couple of criminal court dates on his agenda. In Atlanta, he’s accused of possessing prescription drugs that were in a bottle with someone else’s name. He is fighting the charge, says attorney William Head. There’s also a New York gun possession case. And in Baltimore, a couple of women filed civil suits claiming they were injured by a wild crowd after Carter tossed cash into the audience during a Morgan State University homecoming concert. Link

Sounds to me like someone’s finances are not what they appear to be. I think jack should call baby being that he controls all weezys money..

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