Rap Star’s Cadillac Dealer Timothy F. Martin Commits SuicideMay 23rd, 2011
The Medical Examiner has just confirmed what HSK reported yesterday…. as reported here by CliffviewPilot.com.
Exclusive Update: Our sources tell us that Timothy F. Martin was being investigated for conspiracy to distribute cocaine. This after agents recently discovered kilos of cocaine in some cars belonging to his dealership. The source speculates after previous conversations with Tim, that he didn’t want to go to jail so suicide was the only other option.
HSK Exclusive - Timothy F. Martin, owner of Martin Cadillac, and formerly the owner of Englewood Cliffs Cadillac dealership in New Jersey has committed suicide by hanging this evening (May 23, 2011) at 6pm EST.
Tim Martin is well known in hiphop circles as the Cadillac dealer to almost all East Coast rap stars including Jay-Z, Beyonce, Lil Wayne, Fat Joe, Fat Joe and Diddy.
According to our source Tim Martin hung himself in his mother-in-law’s house.
His company Martin Cadillac LLC, had been struggling from debt and the lingering effects of the recession and the credit crisis, having filed bankruptcy protection, GM took possession of his remaining cars and he was forced to close the dealership in October, 2010 after 6 years selling Cadillacs to NYC’s top paid rappers.
According to Tim Martin, he blamed GM for putting him out-of-business saying:
“We shut down because General Motors and GMAC siphoned the dealership of all its cash,”
Martin alleged the carmaker and its financing arm made unreasonable demands that thwarted his efforts to reorganize the business, and he planned to pursue legal action against them.