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Jackson dynasty matriarch, Katherine Jackson is reportedly hopping mad that her son Jermaine (pictured) is in debt to the rafters, yet he just plopped down a huge amount of cash to purchase a $160,000 Ferrari sports car (pictured), according to TMZ.

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The pricey hot little Italian number was purchased smack dab in the middle of jury deliberations in the wrongful death suit that the Jackson family filed against concert promoter AEG Live. Earlier this month, the jury ultimately determined that AEG Live is not negligent in the death of the King of Pop and will not have to pay damages to the Jackson family.

According to published reports, Katherine recently bailed out Jermaine financially.  Alejandra Oaziaza, who has two children with Jermaine’s brother Randy and two with him was reportedly strapped for cash, when the former Mrs. Jackson allegedly went to Jermaine to obtain rent money so she could keep a roof over her children’s heads.

Jermaine, though, claimed that he did not have any money to give to Oaziaza, so Katherine reportedly stepped in to help out her former daughter-in-law who actually used to live with her at the Jackson compound.

Jermaine has also been dragged in to court over child support monies that he supposedly owes Oaziaza. The court ordered the former Jackson 5 member to cough up $3,000 a month in child support for his teen sons with Oaziaza, but the alleged deadbeat Dad gave his ex only $5,621 for the calendar year of April 2012 through April 2013.

Katherine reportedly feels that Jermaine is not behaving responsibly since he bought an expensive car given his financial situation. In addition, Katherine was reportedly talked in to filing the wrongful death suit by Jermaine and Randy and is regretful of such a costly move since it only resulted in exorbitant legal bills.

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