Author Topic: Dipset Chaos: Jim Jones Broke & Tax Troubled, Cam Vs. Juelz... (Read 259 times)

Elano · « **on:** February 13, 2009, 12:14:30 PM »

There's a lot of madness going on in the Dipset camp. Juelz tells XXL that Cam'ron was hindering his career, Cam'ron now says that he and Juelz's relationship faltered partially because of Juelz's alleged sizzurp aka (cough) syrup addiction.

Now we have an industry manager, going by the name of Tom (part of his name omitted), who contacted SOHH in response to Allhiphop's rumor section on Jim Jones getting sued. AND he aired out Jimmy's tax issues. And bankruptcy:

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.

Jimmy, Jimmy. Leaning towards broke are we? What's the matter? That borrowed "Pop Champagne" didn't do for you what "Ballin" did? Where did all that money go? To that big ass head of yours? Well, you'd better pull some Benjamins out of your ears and make magic happen before you end up taking a job as a hype man -- once again. Or perhaps you should sell Max B-- since you say you "own" him. I'm sure that he'd benefit someone's career, being that it's obvious he contributed to the '06 Jim Jones that was actually able to generate some income. Ahaha!

The first thing I thought of when I heard about Juelz's supposed addiction to Robitussin was... Lil Wayne. Aka Vicodin/crack/coke/syrup/meth/shrooms/smack. Okay I added the last three.

But damn... Cam didn't have to go that far. Guess that's paybacks for that interview Juelz gave XXL: 'O word, n*gga? You wanna be like that? I got you...'

Possible developing story? Guess nemesis Tru Life really had a sixth sense when he said "The Dips is Over." They haven't been the same since.

(sohh)

you gon always be my latin queen bitch · « **Reply #1 on:** February 13, 2009, 12:31:30 PM »

damn jimmy be fakin wit this money...

Citizen-Y · « **Reply #2 on:** February 13, 2009, 07:17:56 PM »

It's like what E said to Dre, "I was the captain, Dre was my sidekick, everything was cool till he wanted to get what I get.."

Too bad Jimmy is going to fall off to one hit wonderland

you gon always be my latin queen bitch · « **Reply #3 on:** February 13, 2009, 07:26:07 PM »

he was never on wit this rap shit really

Quote from: Citizen-Y on February 13, 2009, 07:17:56 PM

It's like what E said to Dre, "I was the captain, Dre was my sidekick, everything was cool till he wanted to get what I get.."

Too bad Jimmy is going to fall off to one hit wonderland