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Rapper Jim Jones Sued

He Stole $200,000 of Vampire Money

1/17/2014 7:30 AM PST BY TMZ STAFF
EXCLUSIVE

0116_jim-jones_tmz
Rapper Jim Jones sucked the life blood out of a vampire flick ... and now the bitter investors have sued Jones claiming he lined his own pockets with the money that was supposed to be used for the movie.

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. 

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.

Calls to Jones were not returned.

17 COMMENTS

No Avatar

1.

OhWell    

?? Who ??

93 days ago
2.

Patti    

Loser.....

93 days ago
3.

KicksandGiggles    

Yeah, wise investment......... $200,000 to a rapper. I bet some lubricant really came in handy.

93 days ago
4.

Monique    

He gave that to chrissy and his son. That's what he showed on the show he got.

93 days ago
5.

GeneralNatty    

Jim jones shouldn't need a 200k investment if he was doing well, something the investors should've thought about.

93 days ago
6.

Bob    

If you're dumb enough to give 200K to some low rent ghetto 'rapper' then you get what you deserve.

93 days ago
7.

Squatting Thunder    

GUILTY

93 days ago
8.

Yurra Knutz    

You invested 200 grand?
Nope, sorry, I don't remember that.

93 days ago
9.

notalawyer    

rappers are an honest lot....

93 days ago
10.

Celeb Gossip Addict    

Who are these investors? Where did they get 200k to give to Jim Jones? I don't picture them being savvy business people because if they were they wouldn't have given 200k to a has been rapper to produce a movie. Jim Jones is not a movie producer.

93 days ago
11.

Miss k    

Does he still make music ?

93 days ago
12.

BLUE UGLY 💩    

Ugly bum

93 days ago
13.

Vote2012    

Never heard of him, but that is a face only a mother could love.

93 days ago
14.

NOT ELMO    

Rapper Jim Jones Sued -- He Stole $2OO,OOO.OO of Our Vampire Money...................HAHAHAHA LOCK HER UP !

92 days ago
15.

John    

Always the pretty ones. God knows.

92 days ago

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