Jim Jones is brooooooooooooke. True story?

1,308
11
Joined
Apr 25, 2003
From sohh.com

I read on the allhiphop.com rumor section that Jim Jones is getting sued by a team of producers who he jacked for his "Bad Santa" album. As a Manager for a producer who placed 4 tracks on this project and I can confirm this rumor as true.

I have been trying for months to resolve this situation with Koch, Chris Luck, Yandi Smith, and Jim's lawyers. I was told by Jim's team that they were waiting on E1/Koch to open up the budget and that everyone would receive their producer declarations and checks by the end of the January. Once February rolled around I remained very skeptical of the lies from Yandi Smith, Chris Luck, and Jim Jones, and that's when Jim's manager Yandi Smith and lawyers at Seldemeyer and Associates in a last ditch lie instructed me to contact E1/Koch in order to receive my producers check.

You'll be surprised to know that upon contacting the E1/Koch financial department last week the truth was revealed. It turns out that E1/Koch had cut Jim Jones, Byrd Gang Records and Jones Family Productions, the whole lump sum check for the budget for this album months ago, in addition to checks for two future projects. This unidentified employee in the the E1/Koch financial department expressed to me that I am not the first, nor the last manager/lawyer to contact them regarding Jim's misappropriation of budget checks designated for payments to producers and featured artists.

In fact under sworn secrecy I was divulged information that the IRS in looking into Jim for possible tax evasion due to his embezzling of these funds. This employee of E1/Koch as well as a source at Sony also informed me about Jim Jones's current financial problems and possibility of bankruptcy resulting from his lack of income due to his debut Sony album being pushed back for a 2 years period, in addition to his extravagant buyout (It was rumored to be $10 million plus) he was forced to pay Cam'Ron in order to be released from his Dip Set contract and retain his Jim Jones Stage name.

tired.gif


No wonder he always kept saying its a recession.
 
all jim do is STEAL from cats an run with it.

guess that Bad Santa turned into Bad Karma.
 
I saw this the other day also. I can beleave it though, cause look @ how they fall out w/ everyone they work w/ Eve recently look @ how Ron B dipped on they%!$
 
I don't believe that Jimmy paid Cam $10 million. Heck, I don't even believe that Jimmy HAS $10 million.
 
Fool should just drop some albums already. What do these rappers do all day? Smoke blunts and think about what they supposed to be doing instead of doing it?Jim, Dame,and soon to be Juelz are all gonna be living under the same roof. Frontin with a front is NOT a good look Jimmy.
 
Watch killa cam, he just came back, and has already a release date for his album,

that's the only dipset album i'm coppin'

Crime pays>>>

killa cam>>>


somebody gotta confirm that thing about jimmy buyin' his contract from Killa...
 
Originally Posted by Vancity74

I don't believe that Jimmy paid Cam $10 million. Heck, I don't even believe that Jimmy HAS $10 million.

agree

I don't even believe that Jimmy HAS $1 million
 
Back
Top Bottom