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Jay-Z’s Cousin Facing Lawsuit For Allegedly Scamming $250,000 From Investor Over Roc Nation’s Video Game Platform

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Jay-Z’s Cousin Dealing with Lawsuit For Allegedly Scamming $250,000 From Investor Over Roc Nation’s Video Recreation Platform

Jay-Z might need to bail his cousin out of some authorized points. In accordance with studies, Briant Biggs, who’s the cousin of Jay-Z, is being sued by the investor firm Blueprint Capital Holdings over a breached contract. Biggs was a part of a staff that was aiming to boost a reported $1.5 million for the video platform Unanimous Video games, which was stated to be related to Roc Nation. The president of Blueprint, Ryan Collision, stated he trusted in Biggs’ marketing strategy to “bridge the hole” between eSports and the leisure business by way of reside occasions and cellular video video games. Biggs’ marketing strategy additionally promised big-named rappers of Roc Nation like Meek Mills, Yo Gotti, and Jay Park would take part within the gaming undertaking.

In accordance with the lawsuit, Collision claims he invested $250,000 in March of 2018 into Unanimous Video games. He added that Unanimous Video games agreed that if issues didn’t go as deliberate the corporate would a minimum of pay again the funding cash plus curiosity by March 2021.

Nonetheless, based on the submitting, Unanimous Video games has but to take action. The lawsuit claims that in July of this yr Biggs added onto his listing of alleged lies by saying Unanimous Video games had a $5 million funding on the way in which which might be used to pay again Blueprint’s cash. In accordance with the courtroom filings, a couple of weeks later Biggs gave Blueprint monetary information, nevertheless,

“Notably, Unanimous Video games didn’t present any tax returns, earnings statements, common ledgers, revenue and loss statements, or any paperwork regarding the alleged $5,000,000.00 funding.”

Primarily based upon the financials offered, Biggs did pay himself tens of hundreds of {dollars} from Unanimous Video games in 2019 and 2020, the lawsuit claims. Along with that, the lawsuit alleges that regardless of what Biggs initially claimed, Unanimous Video games didn’t attain an settlement with Roc Nation till months after his first assembly with Blueprint Capital Holdings. The go well with additionally mentions that Roc Nation retains the rights to the rappers that will probably seem on the online game platform.

Blueprint Capital Holdings is suing Biggs, Unanimous Video games, and Roc Nation for fraud and breach of contract. The investor firm is in search of an unspecified quantity in damages.

What are your ideas on this whole state of affairs? Inform us within the feedback under. 

https://thejasminebrand.com/2021/08/12/jay-zs-cousin-facing-lawsuit-for-allegedly-scamming-250000-from-investor-over-roc-nations-video-game-platform/ | Jay-Z’s Cousin Dealing with Lawsuit For Allegedly Scamming $250,000 From Investor Over Roc Nation’s Video Recreation Platform

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