(AllHipHop News) Music producer and performer Kevin Rudolf lost $1 million, and the Cash Money member claims he is owed that money back and then some. Rudolf and businessman James Campbell are suing Ishita Ganguly, ex-wife of business mogul Jim Morrison, for allegedly fooling them into contributing $1 million each for a “no-risk” deal.
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The Staten Island Advance is reporting that Rudolf and Cambell’s lawsuit accuses Ganguly of offering them the opportunity to invest in humanitarian, social and economic development projects, but the 32-year-old Huguenot, New York resident used the funds to buy $300,000 worth of jewelry and a reported $2.45 million mansion. They are seeking the return of their $1 million and an unspecified amount in damages.
According to court papers, Ganguly, approached Rudolf and Campbell in April of 2012 introducing herself as the managing director of the U.K. firm Astute Partners. She allegedly proposed that the two men take part in a business venture that involved multinational banks and intergovernmental organizations.
The plaintiffs claim Ganguly informed them they would get a $10 million return on their investment in 21 business days or a full reimbursement of their initial $1 million.
Rudolf and Campbell say neither received any money from Ganguly or Astute even after being promised they would be reimbursed by the company’s named CEO by e-mail. They claim to not have heard from Ganguly since May of 2012.
Ganguly’s lawyer states that his client “vehemently denies all the allegations” and looks forward to clearing her name in court.
Kevin Rudolf is best known for his multiplatinum hit “Let It Rock” featuring Lil Wayne. He also provided production work for artists like Timbaland, Justin Timberlake, The Black Eyed Peas, and Flo Rida.
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