Nick Hogan filed a lawsuit seeking $130,000 in damages related to a record company investment deal that never got off the ground. Hogan claims he wrote a check for $50,000 for a record production company called Confidential South, LLC. He claims fellow investors Louis Adkinson and Damon Elliot also rang up $80,767.75 on his American Express card without his consent. To read more details, visit TMZ.com.

Powell's POV: Every poor kid wants to be rich, and every rich kid wants to start his own record label.

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