In a recent turn of events, 50 Cent has received an official apology from Maksud Agadjani, a jeweler based in New York City. The apology comes after the rapper had initiated legal action against Agadjani, claiming that he had unlawfully used 50 Cent’s name and image to promote counterfeit versions of his iconic crucifix chain. It is noteworthy that the lawsuit brought forth by 50 Cent has now been dismissed, allowing both parties to move forward from this contentious issue.

Agadjani, the owner of TraxNYC, took to his social media platforms to publicly apologize to 50 Cent. Additionally, he went as far as printing his apology and displaying it prominently on his storefront in the bustling streets of New York City, demonstrating his commitment to making amends for his prior actions.

In his heartfelt apology, Agadjani expressed, “I am writing to convey my sincere and heartfelt apology.” He specifically acknowledged that he had used 50 Cent’s name, image, and other intellectual property rights to “advertise, market, and sell my jewelry products without your permission.” This admission highlights the seriousness of his oversight and the importance of respecting celebrity branding in the jewelry business.

Furthermore, Agadjani clarified that he has never had any formal association or endorsement from 50 Cent and confirmed that he has removed all related posts and videos from his social media accounts. This step not only reflects his regret but also serves as a reminder to other businesses about the potential legal ramifications of misusing a celebrity’s likeness for commercial gain.

In a significant commitment to rectify his past errors, Agadjani stated that he will refrain from using 50 Cent’s name in any future promotions. He acknowledged the value of Fif’s brand and expressed deep regret over his poor judgment, fully accepting responsibility for his actions. Agadjani has appealed to 50 Cent and his loyal fanbase for their forgiveness, marking a crucial step in rebuilding trust.

As previously reported, the G-Unit rapper had filed a lawsuit against Agadjani in October 2024, seeking $5 million. He alleged that a series of misleading TikTok posts suggested an affiliation between himself and the imitation chains, which could mislead consumers and damage his reputation. The lawsuit emphasized the importance of authenticity in branding, particularly in the world of celebrity endorsements.

Agadjani’s public apology was posted on Thursday, and subsequent legal documents reveal that 50 Cent’s lawsuit against him was officially dismissed on the following Monday. This outcome not only marks the end of a contentious legal battle but also serves as a powerful reminder of the significance of ethical marketing practices in the jewelry industry.