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.

26 comments:

Anonymous said...

first!

Anonymous said...

wait a minute!! he cant just use that pot of gold tucked under the rainbow??

Anonymous said...

Who is still signed?

Tippie Toes said...

Damn!

Anonymous said...

I guess the recent blood sacrifice didn't help

Your Highness said...

Money is a thang..

Anonymous said...

I liked his SoSoDef work w/ Chante Moore - such a shame.

Anonymous said...

@2:15 LOVE IT!!!!

Sincerely,

ValleyGirl

TRACY LOVE GOD 4 EVER .. said...

@ Y.Highness--that was good. Jermaine, Don't brag because you "NEVER" know what a day will bring. There are (2) guarantees in life: Death and Paying Taxes!!
**
Proverbs 27:1 King James Version (KJV) Boast not thyself of to morrow; for thou knowest not what a day may bring forth. Motivate Someone Today--Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only Hoped For. God Bless~~

Anonymous said...

He need to carry his azz back to one of those strip clubs and pick up some of those dollars he's been raining on those lady's. myself I don't feel sorry for any of those people in the entertainment or sports field when they lose all their money. They be on MTV CRIBS showing off all their possessions wasting money like there is no end to it only to lose it all, because they wasn't wise enough to manage it right. So all I can say to him is welcome back to the real world you broke MF.

Anonymous said...

He needs to put his gay ass lover Johnta Austin and that wack ass Dondria out on the ho stroll and make daddy some money with their SO SO MUSIC! Get a loan from Brian Michael Coxx... get one from Usher... get one from Janet Jacks-- oh, wait.. You cheated on her with a fucking stripper you sucka ass retard. No more passes for you!! SUFFER!!!

Anonymous said...

these nig nogs always making it rain, buying shit they dont need. I dont feel sorry for him.... good for him and the rest of these clowns, throwing money around and not saving it... get your ducks in a row.

Anonymous said...

haha! betcha wish you didn't cheat on janet now ya idiot!

MsPink Kitty said...

In that much debt and still needs his teeth fixed. Priceless!

Can he get a refund onthe Janet tattoo?

Anonymous said...

Should've knock Janet when he had the chance. Would've been easy money.

Anonymous said...

Kandi here's another nice investment for you.

Anonymous said...

and again, he thought it was to fuck a stripper and fuck over janet? like really? he's the best thing that has never happened to her. I'm so glad she moved on with her life.

He can start by selling that big ass house on Mt Paran road that he didn't need to buy. His home on mtv cribs was private and nice size for him. Both homes are in a ritzy part of ATL, so I'm not sure why he went and bought that 4.5million $ crib. It's nice, but clearly he can't afford it. And he bought it when he was cooling down as a producer.

#simplelifeneverlookedsogood

Anonymous said...

People need to stop living above their means. And he was only doing it to project a false image. And now look...everybody knows his ass is broke!

Anonymous said...

@7:17 what does his decisions in his financial life have to do with him not loving Janet anymore. The two are not connected. You sound a fool.

Anonymous said...

I just think about all the DECEIVED AND MISGUIDED people in the 90s (myself included) he chased this fast life of money and fame only to see now that it was all a lie. Everyone from the show Cribs is not financially destitute. From Bow Wow on down...

nba is fixed said...

On MTV Cribs, Jermaine Dupri said, "If you ain't got no Bentley, you ain't no big dog" The real big dogs, the banks and the I.R.S. are about to bite into his bank account!

ThatBKChick said...

Welp, he can ask JayZ, Diddy and maybe even Kandi for some help. This Nucca can't even get a job as a record exec? Even Irv Gotti got a job as a record exec. If Damon Dash didn't phuck up, he would've been one too....SMDH! Maybe Dame and JD should do a reality show?.....It's a sad ass day in the music biz when your ass out like this!....SMDH!

Anonymous said...

@ 1:58 PM
" Who is still signed?"

Might be Lotasha (or whatever her name is) from Xscape since he's all up in her RnB Divas spotlight

zeeedeee said...

this is so so sad....i kinda liked lil dude...i seen a special where they were together and she was talkin to him like he was a child...the REAL janet look irritating as HELL...

Anonymous said...

what special was this??? ^^^^^^

zeeedeee said...

dont know the name...it was around the time that he did that first record with her....which was hot...video too..it may have been to promote the release.....i dont know that either...but i do know he was drivin her around and she was correctin and scoldin him like he was a child...he just sat there...next thing the song is out....then they broke up...i do remember that janet was said to have been one of the jacksons that jumped one of joes side chickd....lets not forget she was out there snatchin on that little yt firl...all im sayin is the public persona is way different than the private

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