a former business partner, who is suing the rapper
over monies earned from his record label, CTE
(Corporate Thugs Entertainment).
Demetrius "Kinky B" Ellerbee is suing Young Jeezy
for $5 million, claiming he executive produced
four of the rapper's hit albums.
According to sources, Young Jeezy has
countersued Kinky B. in court.
Young Jeezy claims that he is not friends with
Kinky B. and that they have never entered into
any business deals together.
According to Jeezy, he never made any
agreements to share half of his profits with Kinky
B.
[ALSO READ: Jeezy's Former Business Partner
Kinky B. Sues Rapper For $5 Million]
But Ellerbe's lawsuit claims he was instrumental
in obtaining CTE's deal with Def Jam, yet he was
cut out of millions of dollars in profits, which
Young Jeezy allegedly redirected to his personal
accounts.
"Essentially, Young Jeezy just kind of took over
the company, and elected to take all the funds,"
Ellerbee's attorney Mario Breedlove said.
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