
Sam Jones III stepped out of the baller Rolls Phantom outside Premiere Supper Club in Hollywood over the weekend -- Karissa by his side -- claiming, "That is not a rental ... young mogul style."
Unfortunately for Sammy the real owner of the car -- Jay Grdina, the guy behind the website kikster.com -- contacted TMZ and says, "Considering I have the only matte black Phantom in L.A. ... ole Sam just told a nice lie to TMZ."
Grdina tells us, Sam borrowed the car Saturday night as a favor ... free of charge. Mr. Young Mogul must have forgotten that part.












