JIM JONES BEING SUED BY INVESTORS FOR ALLEGEDLY STEALING $200K TO FUND VAMPIRE LIFE BRAND

JIM JONES

Investors for an indie urban vampire-flick claim they gave rapper Jim Jones creative control over their project, but that he instead took their idea and their seed money and ran.

Those familiar with the Vh1 Reality Star are well aware of his Vampire Life clothing and lifestyle brand. However, the idea for the brand now appears to have been lifted from the theme of the B-movie Jones was set to produce and promote.

Short story … Jones was supposed to produce a movie called “Vampire Life III.”

He was also going to provide the soundtrack for the movie. The investors plunked down $200,000 with high hopes … hopes that were dashed when Jones stopped returning their phone calls and emails allegedly.

The investors were PISSED when they learned … Jones allegedly used some of the money to make mix tapes that were supposed to go in the movie but Jones was releasing them independently.

The investors were doubly upset when they found out Jones allegedly used the rest of their seed money to produce and release a Vampire-Life clothing line that was supposed to be merchandising for the movie.

Bottom line — the investors feel like they were had — the movie with a cool soundtrack and clothing line was a fiction … the only thing that was real was Jones using their money to profit from the music and the threads.

The investors want $700K minimum.