Juggalo Problems: Is Insane Clown Posse Going Broke?

For 14 years, Insane Clown Posse has brought heavy metal and rap fans together for their annual Gathering of Juggalos music festival held in Cave-In Rock, Illinois. While music lovers and festival attendees seemed to thoroughly enjoy themselves during this year's festival, vendors were less than satisfied by the Psychopathic Records Inc.-produced show.

According to TheHollywoodReporter.com, a number of vendors are claiming to have received bad checks or no checks at all after the Gathering of the Juggalos came to a close Saturday, August 11. The first of many festival participants made his story national when he decided to leak the information to 'The Southern Illinoisan,' saying his check of $300,000 bounced when depositing it at the bank. When news surfaced of the unattainable funds, others came forward stating their checks were no good either.

Hardin County Sheriff, Jerry Fricker, said the sheriff's department received a considerable donation for equipment given for the event including "protective vests and tasers," but the donated funds never cleared. And now, THR is reporting that "Event-Tex, a vendor that has supplied power generation and distribution for the event the past three years, has issued a 'provisional warning to other industry professionals' about Farmington Hills, Mich.-based Psychopathic Records and its affiliates, saying a $54,000 check for its services this year has not cleared the bank."

In an effort to avoid further unwanted publicity, Psychopathic Records, Inc. released a statement last Thursday (Sept. 19) to the Associated Press:

"Putting on a five-day music festival this ambitious is a very time consuming and expensive process. Unfortunately, in our attempt to provide the best possible event for our fans, expenses exceeded estimates and expectations, which we had not previously planned for. The company putting on the event, Juggalo Gathering Inc., has no intention of turning its back on these financial obligations and is in the process of preparing a plan to take care of all vendors. We thank all of our vendors for their understanding."