12-15-2002, 02:05 AM
Quote:Jermaine Dupri — who once rapped with Jay-Z that "Money Ain't a Thang" — is finding that the Internal Revenue Service doesn't agree with his tune.
The music mogul owes millions to the federal government, and a seizure of Dupri's property, including a portion of his prized car collection, has already taken place (click for photos of Jermaine Dupri's home and cars).
Federal agents recently staged a raid at two of the hip-hop producer's Atlanta residences, carting away furniture, computers and cars, according to a report from CBS Atlanta, which cited an unidentified source close to the seizure. Atlanta's IRS field office declined to confirm the raid, since records of seizure are not considered public record. What is public record, however, is the amount of Dupri's debt. According to a federal tax lien filed in Forsythe Superior Court in Atlanta and obtained by MTV News, Dupri (whose real name is Jermaine Dupri Mauldin) owes $2,541,865.
Dupri declined to comment on the seizure, but did dispute the amount owed. "The numbers are wrong," Dupri said in a statement to MTV News, "and the truth will soon be shown."
Couldn't have happened to a bigger jackass