Shamed pop star Boy George has been hit by the credit crunch from his prison cell - his clothes store has been closed down after suffering huge losses.

The former Culture Club frontman, real name George O'Dowd, is currently serving a 15 month prison sentence in January for falsely imprisoning Norwegian Audun Carlsen at his East London apartment in April 2007.

And the star's miserable year continues - his B-Rude store in Shoreditch, east London has been shut down after recording a $130,000 deficit, reports U.K. newspaper The Sun.

A source tells the publication, "He is feeling the pinch from the credit crunch."

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(This news article provided by World Entertainment News Network)