Jermaine Dupri On ‘Sway In The Morning’ (Video)

Multi-platinum producer, rapper and songwriter, Jermaine Dupri made a stop by Sway in the Morning and spoke candidly on all-things music.

Our Shade 45 morning show went over-time to hear Dupri’s interesting back stories behind working with Jay Z, discovering Bow Wow and how Snoop gave him his name and opens up entirely about working side-by-side with Mariah Carey.

Katy Perry set a new record on the Billboard’s Pop Songs chart, topping a record previously held by Mariah Carey for the most weeks at No. 1, thus claiming that she “dethroned” MC — JD then gave his honest opinion on all the above.

Jermaine Dupri Becomes Mariah Carey’s New Manager

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Taken from Skam Artist (which is where the above link take you):

A big congratulations goes out to both Jermaine Dupri as well as Mrs. Mariah Carey for partnering up yet again for more awesomeness!

But this time Mr. SO SO DEF will be her manager!!!! We are so excited to hear what comes out from this great merger …

We’re still jamming out to Mariah’s major come back album The Emancipation of Mimi which sold more then 5 million copies! Fun fact JD produced and co-wrote “We Belong Together”, “Don’t Forget About Us” and “Shake it Off”. JD won his first Grammy for best R&B song of 2006.

Jermaine Dupri Fires Back At SunTrust Back With Countersuit

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From TMZ:

Hip Hop mogul Jermaine Dupri says his bank wined-and-dined him, then treated him like an uneducated idiot in a plot to snatch millions of dollars from him … TMZ has learned.

We broke the story … Sun Trust Bank sued the So So Def founder first, claiming he defaulted on a $5 million loan. The bank wanted $2 million for the balance plus interest … AND his entire EMI music catalog.

Now, Dupri is firing back with a counter lawsuit … and in the docs, he says he secured a $5 million loan in 2009 with his ST personal banker — a man he’d worked with for years, who was lenient on loan payments and hooked him up with swag: ATL Falcons tickets, dinners, and more.

Then, in 2010 Dupri claims his personal banker took advantage of his lack of education (he didn’t finish high school) and told him he had to quickly sign a NEW loan agreement, assuring him it was for his benefit.

But Dupri says in fact the new terms increased his loan payments without his knowledge. As a result … he defaulted, and had to sell off his music catalog and his studio to settle with the bank.

This ain’t chump change on the line — according to JD his studio was worth $2.5 million, and his catalog … $20 million!

Jermaine Dupri’s Tax Troubles Get Worse

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JD’s money troubles reportedly just took another step in the wrong direction, thanks to the IRS. From TMZ:

Uncle Sam just slapped the hip-hop mogul with a giant tax bill … to the tune of $800,000.

According to two separate tax liens filed by the IRS (everyone’s fav government agency) … Dupri needs to cough up tax dough from the years 2008, 2010 and 2011. Here’s the breakdown:

2008: $646.47
2010: $140,889.76
2011: $657,156.12

Grand total allegedly owed — $798,692.35.

Calls to Jermaine’s reps have not been returned.

Jermaine Dupri Responds To News That He May Lose So So Def Over Debt

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Looks like Jermaine Dupri has recently caught on to his own news about him potentially losing his own brand to his current debt collector Suntrust over nearly $2 million. Apparently angry, he takes to Global 14 to vent his response:

SO I WAKE UP THIS AFTERNOON WITH TWEETS FROM PEOPLE ASKING ME IF IM OK,JD WHATS GOING ECT….I HAVE NO IDEA WHY IM BEING ASKED THESE QUESTIONS, BUT BEING THE HEAVY SOCIAL MEDIA PERSON THAT I AM, I KNEW SOMETHING CRAZY HAD TO BE ON THE INTERNET,SURE ENOUGH I LOOK AND @VLADTV IS POSTING THIS LIKE CRAZY,IF YOU’RE A FOLLOWER OF WHAT I DO HERE AT GLOBAL14, YOU KNOW THAT GOSSIP,RUMORS AND ALL THAT BULL SHIT WE DONT DO,BUT!!!! ONE OF THE REASONS I DID CREATE GLOBAL14 IS TO MAKE SURE ,THAT WHEN SOMETHING HAPPENS WITH ME, THAT IS WORTH KNOWING, THIS IS WHERE YOU GET THE REAL .WITH THAT BEING SAID SUNTRUST BANK IS FULL OF SHIT !!! AND THIS STORY IS A COMPLETE LIE,ON THE COCKYSIDE 1.9 MILLION FOR ALL MY MUSIC, GTFOH!!!! LOL,I HATE THAT I HAVE TO ADDRESS THIS, BUT I WAS ALWAYS TOLD “ONE CAN ROB YOU OF ALL YOUR MONEY AND THEY GET AWAY WITH NOTHING BUT WHEN THEY ROB YOU OF YOUR NAME THEY HAVE TAKEN IT ALL” F**K THAT !!!!

Jermaine Dupri In Danger Of Losing So So Def Music (Details)

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From TMZ:

Jermaine Dupri is in jeopardy of losing his rights to the music from his So So Def label … because he can’t seem to pay off an enormous loan.

Dupri borrowed $4.8 mil from SunTrust Bank back in 2010 …. he paid more than half of it back, but then the bank stopped getting payments. So SunTrust is now suing Dupri for nearly $2 mil — the balance due, plus interest.

Here’s the BIG problem … In order to get the loan, Dupri had put up collateral, in the form of copyrights and royalties to the many songs his label owns from artists like Xscape, Bow Wow and Da Brat.

As far as we can see, Dupri still hasn’t anted up the cash. And it’s not his only trouble with $$$. He paid off a $3 MILLION tax lien in February and dodged the foreclosure of his Atlanta mansion TWICE in the past year.

SunTrust Bank Sues Jermaine Dupri

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From CBS Atlanta:

According to court documents SunTrust Bank is suing Atlanta music producer Jermaine Dupri and his So So Def Productions.

The suit for $1.9M is claiming Dupri defaulted on a loan.

The suit was filed Thursday in Fulton County Superior Court.

SunTrust said Dupri took out a nearly $4.9 million loan in December 2010, but defaulted on the commercial note in May 2011.

So So Def was listed as the loan’s guarantor, according to the plaintiff.