Home > Music News > RAPPER JIM JONES BROKE????

RAPPER JIM JONES BROKE????

February 14, 2009 Leave a comment Go to comments

jim4

[Thanks P Prez]

A music industry business manager has contacted SOHH.com and put Jim Jones’ dire financial situation on blast!

This is what he had to say…..

Via SOHH

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.

I cannot believe that my Jim Jim might be broke! Say it ain’t so Jim…….

If this story is in fact true then I lay this squarely at Damon ‘Bruk Pocket’ Dash’s door. He is the jinx who has been advising Jim on business moves, and Dame’s current state of bruk pocketness has spread over to my Jim. 

I just hope and pray that Jim manages to get his financial situation in order, so that we can go on that planned romantic trip to Hawaii.

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  1. Agnes Kuye
    February 14, 2009 at 1:27 pm | #1

    @ Janice lol !!! Whilst your in Hawaii get that hurrrrrrrr sorted out.

    I haven’t seen busted cornrows like that since my youth lol.

    Happy valetines y’allll muwaaaah x

  2. Mrs Gump
    February 14, 2009 at 4:09 pm | #2

    @ Janice – guuuurrrrrlllllllll -
    You
    Do
    Not
    Need
    To
    Be
    With no broke ASS
    Base-head
    Tryna make-it-rain with his last $1′s
    PERIOD.

  3. p preZ
    February 14, 2009 at 4:46 pm | #3

    That is satire on jim jones ruffle cornrows. They just rows in this case.
    Janice I doubt dame had a lot to do with slim jim’s financial strife. Cameron milked that fool for what it is worth. I’ve always had doubts on rappers who flaunt money effortlessly. Than I realize their rich and not wealthy. Being rich is temporary. Let’s just help he doesn’t trick you into taking you to jamacia. Jamaica,queens -newyork.

  4. DivaKattGurl
    February 14, 2009 at 5:37 pm | #4

    Janice, Janice, Janice my love, I do not understand your obsession with Jim Jones!!! He is sooooo ugly he looks like he smells!!! I am sure you are a beautiful lovely lady and can do much better!! Bruke pocket is not the move!!!

  5. February 14, 2009 at 5:45 pm | #5

    @Agnes

    Everyone’s entitled to have a bad hair day!

    Oh the hate……

  6. February 14, 2009 at 5:55 pm | #6

    Katakata don bust-o. Jim Jiminy Jim Jim, just for you, I’m going to rephrase one of my old comments just for you, $100,000 in weed & nothing in the fridge.
    Dead at “Tryna make-it-rain with his last $1’s”, that just made my minute.

  7. lati
    February 14, 2009 at 10:29 pm | #7

    Ah, stand by him, no matter what. Only you know the secret. Hope u get through these hard times.

  8. M
    February 15, 2009 at 1:58 am | #8

    Mrs Gump Says:

    Tryna make-it-rain with his last $1’s

    LMAO WOOW …. Thank u Mrs Gump for the laugh damn

    Jim just got greedy

  9. LadyinBrown aka CleoC
    February 15, 2009 at 3:00 am | #9

    u get an opportunity and then waste it, Miss M.

    cant u fly out? lol

  10. mishal moore
    February 15, 2009 at 4:16 am | #10

    what? you mean you’re not going to financially support your Jim Jim…

    you should be ashamed of yourself, Janice.

    smh.

  11. February 15, 2009 at 6:45 pm | #11

    @ Mishal

    Jim will be fine.

    lol

  12. HARLEMSTANDUP
    February 28, 2009 at 12:45 am | #12

    Well now is the time to put his whore of a girlfriend(Chrissy) back on her ho stroll where he got her from to make ends meet. From what I here she’s a pro at what she does! Or maybe she can put her veneers, butt implants, and breast implants on ebay, that he spent so much money on! lets face it that chick will be with the next high roller asap if this is true! See he left his childhood sweetheart, the mother of his son as soon as he started getting money and hooked up with a hooker that had a hand in spending all of his money! She dosent work, never have. Unless laying on your back or on your knees equals an honest living LMAO!

  13. March 13, 2009 at 2:08 pm | #13

    Jim jones is broke like nananana nana ballin!!!!

  14. July 13, 2009 at 8:02 am | #14

    wow!!!! it seems like cam’ron is really killa cam (oh so gangsta) …. he got jim duckets, juelz duckets, dipset duckets…..

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