Friday, May 31, 2013

Jermaine Dupri ThisClose to Losing So So Def


Jermaine Dupri is in danger of losing his entire So So Def catalog...

According to reports Jermaine Dupri borrowed $4.9 million from Sun Trust bank back in 2009, using the So So Def catalog as collateral.

In December 2010 Jermaine defaulted on the loan and was given until May 2012 to pay off the $1.8 million balance. He did not.

Sun Trust is currently suing Jermain and has given him 10 days to come up with the cash.