Hip hop star Blocboy JB is broke, after being released from jail. Police seized all of the rappers assets, and froze his credit cards and his back accounts, using Tennessee's asset forfeiture laws.

The rapper told fans that authorities seized all his assets yesterday, shortly before releasing the rapper from jail.

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The Memphis rapper, real name James Baker, was arrested and charged with gun and drug possession. This is his second arrest in three months, Memphis, Tennessee Fox affiliate WHBQ reports.

Blocboy was charged with being a convicted felon in possession of a firearm, possession of drug paraphernalia and marijuana, as well as speeding. Police picked up the rapper just a few hours before he was scheduled to perform at the Beale Street Music Festival in downtown Memphis. BlockBoy JB performed at Beale Street Music Festival Friday night, despite being arrested that morning on several criminal charges. He was released from jail around 4:45 p.m. Friday. BlocBoy JB performed at the FedEx Stage at 7:20 p.m. less than three hours after being released from jail.

He was released yesterday on bail, but not before police took all his assets - using Tennessee's asset forfeiture law. They claim that the rapper received all his money from illegal activities, namely drug dealing.

Here's pics of Blocboy JB being released:

The rapper was detained by deputies in Shelby County Thursday afternoon, along with several others, at a home near Shelby Drive and Forest Hill Irene Road.

SCSO deputies said it was part of a multi-agency investigation. Authorities said 20 people were detained from the home.

Baker’s attorney told FOX13 investigators did not come to the rapper’s home looking for him, but rather someone he knows.

“They weren’t looking for him, and there was no warrant for him personally,” Murray Wells explained. “They may have been looking for other suspects on the premises.”