Jim Jones allegedly took $200,000 to produce the “Vampire Life III” movie, but made mixtapes instead.
Jim Jones is being sued for $700,000 by investors who claim the rapper took $200,000 of their money to produce the Vampire Life III movie, but instead released mixtapes featuring music that was supposed to be featured in the film, tmz.com reports.
Jim Jones, who was also supposed to provide the soundtrack for the movie, has stopped returning the investors’ phone calls and e-mails.
The rapper also allegedly used some of the investment funds to release his Vampire Life clothing line rather than use the money to make merchandise for the film, tmz.com’s story says.
The investors are seeking $700,000 in their suit against Jim Jones.