this story about i.am+ going broke is likely planted by H1B workers that are turning on him and the somewhat notorious Indian CEO that has had his hand in will's pocket for far too long. if they had done their job right, or even done what they obviously promised to do, they might be in better shape over there, don't you think?
by the way, one of those people that you think has "this coming" is widely known to be Marc Benioff, the Founder of Salesforce, who is himself fighting hard to ensure that people treat you right (and let you keep trying to start a tech company) after you finally become homeless.
Ruthless Records didn’t “famously tank”, they simply changed hands, and the new ownership dropped Atban Klann from their label cause they didn’t share Eazy-E’s enthusiasm for their work. Ruthless Records is still around.
And will.i.am couldn’t have created the Black Eyed Peas from the ashes of Atban Klann, because Atban Klann never dissolved, they (as in a group comprised of more than just will.i.am) merely changed their name and continued to recruit new members and put on shows until they were picked up by Interscope a year later.