Showing posts with label Kris Kross. Show all posts
Showing posts with label Kris Kross. Show all posts

Friday, 31 May 2013

Jermaine Dupri Set To Lose His Music Catalog Over Loan He Defaulted On



Music producer Jermaine Dupri, famous for hits by Kris Kross and Mariah Carey, is in danger of losing his million dollar music catalog. Dupri, who lives very lavishly and has lost most of his assets as a result, borrow $4,800,000 from SunTrust bank in 2009, using his music catalog as collateral, much like affiliate Michael Jackson repeatedly did with his stake in the Sony catalog.

However, where Jackson's share of the Sony catalog was worth a few hundred million dollars, Dupri's catalog is worth a few million at best and does not generate the kind of revenue needed to repay a $4,800,000 loan, after his expenses and wild spending.

Suntrust is now stating the loan is in default and suing Dupri for $1,900,000 plus interest and penalties. It's another blow in Dupri's ever widening financial problems. His Atlanta mansion went into foreclosure twice and is facing auction, he was hit with a $3,000,000 tax bill that he paid off recently, he lost his restaurant, record label and Janet Jackson, who dumped him for his cheating and married a billionaire. Dupri was also hit with costly lawsuits for copyright infringement, alleging he stole music from others.

STORY SOURCE

SunTrust suing Jermaine Dupri, So So Def for $1.9M

Updated: 7:30 a.m. Friday, May 31, 2013 | Posted: 9:30 p.m. Thursday, May 30, 2013 - Atlanta music mogul Jermaine Dupri and his So So Def Productions have been sued for $1.9 million, accused by SunTrust Banks of defaulting on a loan. The lawsuit filed this week in Atlanta appears to be the latest in a string of financial challenges for the Grammy winner, one of the most prominent music producers in the nation.

In SunTrust’s lawsuit, the bank alleges that Dupri is in default and still owes money toward a $4.9 million loan from 2010. The loan is backed by copyrighted music owned by Dupri, So So Def and other businesses, as well as a building on Briarwood Court in DeKalb County that houses two recording studios.

Neither SunTrust nor Dupri, listed as Jermaine Dupri Mauldin in the court documents, immediately returned messages seeking comment Thursday. The debt originated in 2009 as part of an earlier loan that Dupri took on to pay off income tax and other liabilities, according to a separate court document...

Tuesday, 7 May 2013

Video Of Kris Kross Rapper Chris Kelly High On Drugs Before He Overdosed (Video)


 
34-year-old rapper, Chris Kelly, from the 1990s teen rap group Kriss Kross died on May 1. 2013 of a drug overdose. This marks the fourth major Sony Music artist to die under tragic circumstances over the past few years (Michael Jackson, Whitney Houston and Left Eye). Kelly took a fatal combo of cocaine and heroin, known as speedball (or speedballing). He has gone the way of so many child stars before him, turning to drugs and alcohol to mask the pain of his fallen career. Kris Kross only had one successful album "Totally Krossed Out." The subsequent follow up flopped on the charts, as producer and industry conman, Jermaine Dupri tried to make them over into teenage gangsta rappers.


Kris Kross in the 1992

A video has surfaced of Kelly, showing him 48 hours before his death, high on cocaine and heroin, in a state of psychosis, struggling to rap to a song playing in his home. TMZ describes the video as, "Hours before his death, a drugged out Chris Kelly attempted to rap ... and spit out lyrics about a room full of dead bodies ... and TMZ has the sad footage."


Kris Kross in 2013

Kelly’s lips and skin betray the signs of heroin use. He had the appearance of someone who’s health was fading. On the tape he is surrounded by friends who are also high and drunk. Before the release of the tape, another of his friends, stylist Lisa Pope, complained to the press that Kelly had surrounded himself with a set of negative friends, who brought about his demise.


Kris Kross with labelmate Michael Jackson

It’s quite cliché. How many times over the past few years has the Judiciary Report repeatedly warned people to beware of the company you keep. Good friends will watch out for you, tell you the truth when you are wrong, discourage you from taking a negative path in life and not use you (for money or fame). Bad friends will give you the wrong advice and bring vices into your life (pay attention Justin Bieber).


Jermaine Dupri and his dad Michael Mauldin

My family and I are very familiar with the business practices of Kris Kross’ former management, ERI, who maintained an office in Miami in the 1990s, run by Dupri’s dad, Michael Mauldin, who is another con artist and thief. While Mauldin cheated on his wife with Tamar Braxton in exchange for career favors, Dupri kept targeting Xscape’s Kandi Burruss for sexual favors or he would not give the group good songs, marketing, promotion and publicity. And so, she gave in.


Tamar Braxton

Dupri and co were also constantly sued in unrelated legal actions for copyright infringement in criminally stealing preexisting works registered with the Library of Congress in Washington, D.C. They’d steal from anybody - even kids. Dupri even stole from songwriters he signed, talking credit and payment for their work (which later resulted in lawsuits).


Kandi Burrus

That whole empire came crashing down due to being built on corruption, fraud, theft and extortion, as they lost their label, management company, restaurant and recording studio due to bad business dealings they engaged in all over the South. They are known in the industry for being shady. It’s apart of why Janet Jackson dumped Dupri and married another man.


Kandi Burrus in the R&B girl group Xscape (also feautring Tiny, TI's wife)

I’m not surprised that whole thing collapsed, as the illegal things that went on behind the scenes of Kris Kross’ career spilled over into their actual lives and sent them down the wrong path. Now Kelly is dead. 34 is young and too young to die. However, Hollywood has never been particularly kind to child stars, with so many of them dying young after being chewed up by the system.

STORY SOURCE

Chris Kelly Tragic LAST VIDEO Drugged Out Rap Session

5/6/2013 1:00 AM PDT BY TMZ STAFF - Hours before his death, a drugged out Chris Kelly attempted to rap ... and spit out lyrics about a room full of dead bodies ... and TMZ has the sad footage. The video -- shot in Kelly's Atlanta home around 7:00 AM on May 1 -- is a window into the life of a drug addict. There's crap strewn all over the house ... and several seemingly drugged out people just hanging out.

One of Kelly's guests -- who also seems inebriated -- pulls out a camera and begins to record as a discombobulated Kelly struggles to rap along with music pumping through the speakers. We're told the song is a track Kelly had been working on recently -- and includes the lyric, "We don’t stop, for nothing or nobody … look around you it's full of dead bodies."...