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Jermaine Dupri

My EVIL Bank Screwed Me

Out of MILLION$$$

8/4/2013 12:15 AM PDT BY TMZ STAFF
EXCLUSIVE

0802-jermain-dupri-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!

So so painful.

45 COMMENTS

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16.

static    

They're called accountants, Look into it.

257 days ago
17.

B_Lew    

That's what's supposed to happen when you're uneducated and get rich and don't even attemp to learn about the ins and out of money and banks.. I kinda wish he would have lost more..because JD is a old ass man that should have his money straight..

257 days ago
18.

bboy    

if you hire a contractor to build your home and the contratocr fks you over, would people say you were ignorant?! ...people hire accountants and lawyers and get fkd over all the time. I dont think it makes you a dumb person, it makes you a victim. why blame the victim??

257 days ago
19.

jo    

shoulda diversified yo bonds *****

257 days ago
20.

Kristinajp    

Just an fyi,.his lawyer should have read it first but that being said there are thousands of very educated victims of Bernie Madoff...stop blaming the victim, his only blame is trusting someone he thought was.trustworthy.

257 days ago
21.

NYCJB    

Jermaine, boy sit your simple ass down! You simply do not want to accept responsibility for your actions. High school was not going to teach you common sense, and that is clearly what you are lacking. You have been a millionaire since you were 18; a lack of a high school diploma is not your issue. Call Janet and ask her to lend you some money. Better yet, ask her to ask her husband if he and his brothers can find a job for you in their company.

257 days ago
22.

joe bodego    

This guy just looks dumb. He deserves to be broke

256 days ago
23.

Wolf    

His (Posse) more than likely mooched him dry from him trying to play Mr. Bling Bling. Now he cries victim. Next it will be whiteys fault and is racist against blacks. Wanna Bet?!

256 days ago
24.

baybek8s    

If JD stayed out of the strip clubs and spent more time brushing up on his reading he wouldn't have this problem.

256 days ago
25.

Just Saying    

That's probably why Janet left his short dumbass.

256 days ago
26.

Rita Pessini    

GET GHETTO AND STAB THAT BITCH WHO HOOD WINKED U INTO A NEW CONTRACT.

256 days ago
27.

iieiew    

molested kris kross

256 days ago
28.

Just My Opinion    

LOL I wish these losers will stop coming here posting to go to rich dude's websites. They should go post on websites of these gold digger women. I'm sure gold diggers such as OG would appreciate it.

256 days ago
29.

Anon    

So is everybody just ignoring this dude molested the members of Kris Kross when they we're younger? Or does nobody know? DO YOUR RESEARCH

255 days ago
30.

Melly    

Lol shouldn't of cheated on your meal ticket janet jackson.

255 days ago
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