Is hip-hop producer Jermaine Dupri having money problems? It seems like it, as evidence from recent reports.
The 39-year-old — responsible for launching the careers of Bow Wow, Kris Kross and Da Brat — recently had a Lamborghini Murcielago repossessed and his lenders are suing him for not making good on his loan.
According to TMZ, Premier Financial Services filed documents in Georgia Superior Court, claiming Dupri owes them nearly $80,000.
They financed the white 2005 Lamborghini Murcielago in 2006, worth $330,000, and say Dupri agreed to make 58 monthly payments of $4,323.
According to docs, Dupri put $70,000 down on the exotic ride, and was successfully making payments up until 2009, and failed to pay the remaining handful.
As a result, PFS repossessed the car and sold it off for $115,000. Now, they want the $79,095 he still owes.
Dupri’s camp has not commented on the reports.
Back in mid-2010, the hip-hop vet had his Atlanta Mansion was almost sold off after falling into foreclosure when his fell behind on mortgage payments. However, the auction was stopped last minute, but details why were unknown.