After not too long ago celebrating 20 years of So So Def’s talent, JD may lose, well…EVERYTHING! Drop down bottom to get the details.
JD had tax problems that he fixed, but will he be able to pull himself back from this one? Back in 2010, JD enlisted SunTrust Bank for a loan in the range of $4.8miL. Even though he paid off more than half of that back, for what ever reason the, “Money Ain’t A Thang” (must be) MC stopped. Now, the bank is suing for $2miL, which is the balance as well as interest. The thing is, he put up collateral, which may force him to give up copyrights and royalties the the label owns from artists such as Bow Wow, Xscape, and Da Brat. WHOA! I think he’ll do it. JD can’t be that CRAY!
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