The Daily News reports that Jay-Z’s Roc Nation is facing legal action.
According to Blueprint Capital Holdings, an alleged investor in Unanimous Games, Biggs presented a business plan that was said to connect eSports and the entertainment industry with live events and mobile games.
Ryan Collision, the president of Blueprint, revealed that he was under the impression that rappers signed to Jay-Z’s Roc Nation would participate in the partnerships. Some of these artists include Meek Mill, Jay Park, and Yo Gotti.
After Collision claims he invested $250,000 in March 2018, the plan was allegedly for Unanimous Games to pay the minimum repayment amount plus interest by March 2021, but a Manhattan Federal Court suit announces that when the date came, they never received any payment.
Not only does Collision claim he waited a while for payment, but the suit also claims that he offered an extension for Biggs to submit the repayment. He also requested financials, including tax returns, to show the status of the video game company, but says he never received a response.
When Blueprint did hear from Biggs this past July, a representative was told that Unanimous Games was awaiting a $5 million investment that would allow them to make the official repayment.
“Notably, Unanimous Games did not provide any tax returns, income statements, general ledgers, profit and loss statements, or any documents relating to the alleged $5,000,0000.00 investment,” said the suit.
Records, however, did disclose that Biggs allegedly paid himself thousands of dollars from the gaming company throughout 2019 and 2020.
Not only that, but the suit also shared that Unanimous Games did not reach an official agreement with Roc Nation for months following the initial meeting with Blueprint.
Roc Nation, according to the court documents, was also responsible for the rights to the rappers set to appear on the video game platform contradicting everything that Biggs had told Collision during their meeting.
While the amount in the suit is unspecified, Blueprint accused Biggs, Unanimous Games and Roc Nation of breach of contract and fraud.