(CelebNMusic247-News) Jim Jones Sued for Fraud
Jim Jones is learning in the court of law that it is illegal to pull a bait and switch when getting investment money for his clothing line Vampire Life.
In 2012 rapper Jim Jones announced he was producing and starring in a an urban vampire flick called Vampire Life.
The Chrissy & Mr. Jones star told the Village Voice in August of 2012:
“I love having multiple hustles, and film is just that. I have a short film due out in late spring called Vampire Life. I think it’s going to surprise a lot of people. It’s like an urban Twilight mixed with a little bit of Streets Is Watching. We got special effects popping… It’s going to surprise people.”
Well Jim is learning that you can’t do the bait and switch, because investors always find out…
Here’s the drop:
According to TMZ Jim Jones was just slapped with a lawsuit from the film’s investors who claim Jim took their $200,000 but instead of making a Vampire movie, started the Vampire Life clothing line and made some mixtapes, which he sold independently.
The investors are seeking $700k minimum.
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