News: Jim Jones' $700,000 Vampire Life Problems Exposed

Friday, Jan 17, 2014 4:21PM

Written by Biz Jones

Dipset's Jim Jones may want to think about more serious things than a Diplomats reunion as new reports claim he is involved in a nasty and pricey battle over a vampire flick.

Details of Capo's unexpected legal woes surfaced online Friday (January 17).

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. (TMZ)

In order to correct the situation, Jones' business investors want him to cough up big bucks.

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. (TMZ)

A couple years ago, fellow Harlem, New York artist Azealia Banks went at Jimmy over his Vampire Life brand.

It's getting hot in Harlem. Azealia Banks dedicates an entire diss to fellow Harlem rapper Jim Jones. Following their Twitter beef over the origins of the word "vamp," the always controversial Banks spits fiery bars aimed at the Diplomat, who she dubs a "local fu**er." "This ni**a's a girl, you want diamonds and pearls, designer clothes, attention, and stares/ You're a man though, why would you care," she raps over the araabMUZIK-produced beat. "It takes a Harlem b*tch to execute a Harlem b*tch/ You pop sh*t, I pop sh*t, no problem b*tch." (Rap-Up)

Leading up to the diss, the two New York entertainers went at one another online.

On Monday (August 6) the two Harlem rappers went at it once Azealia tried to claim that she used the word "vamp" prior to Jimmy's Vampire Life movement and mixtape. Azealia first tweeted "VAMP: a very sexually/financially powerful woman who is usually characterized by a penchant for dark things; nighttime, witchcraft, .. Etc.", possibly referring to a title of a new track she's working on? The tweet then caused a fan to jump in making Banks aware that "vampin" is Jim Jones' thing. After reading the tweets, Jim innocently jumped in responding "@Rahim_TheDream @AZEALIABANKS tht vamplife is contagious." However, not one to take things lightly, the "212" rapper fired back writing, "@jimjonescapo yea I know! I wrote 212 in 2011 before ur song tho. That vamp sh-- is some fashion stuff as well. In case u didn't know." A still-calm Jones responded, "@AZEALIABANKS u better check th credits boo we ain't just start vampin we are vampin u r welcome to join it's a lifestyle #vampirelife". (RapFix)

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