Pete Wentz was the first one to deny the stories of him becoming a Daddy, but evidence lately has started to appear that the young Simpson is indeed pregnant. Now Pete if rumors of the pregnancy threw you into a tantrum, then the report in People Magazine really is going to make your make-up smear.

"...source tells PEOPLE that not only is Simpson pregnant, but that she's planning to have her wedding in May at a friend's house in La Jolla, Calif., north of San Diego."

How does Ashlee respond to these allegations?

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