Randall Emmett Claims Jax Taylor ‘Started Threatening’ Him After Movie He Invested In ‘Fell Apart’

usmagazine.com:

Randall Emmett is claiming that Jax Taylor threatened him after an investment venture didn’t pan out.Emmett, 52, alleged during the Tuesday, August 1, episode of his “It’s a Racquet” podcast that Taylor, 44, invested $300,000 in one of his film projects — and lost $75,000 when the movie “fell apart.”The film producer continued: “He then went on and started threatening me that if I didn’t pay him the balance back — me personally, not the company that took the money for a project — that he was gonna out me publicly and this and that.”Emmett added that he was surprised by Taylor’s behavior, as he considered him “one of [his] best friends” at the time. “I was like, ‘Dude, we’re friends.

Why are you threatening me? It’s disgusting,'” he said.Emmett then accused the Vanderpump Rules alum of “playing a victim,” alleging that Taylor knew what he was getting himself into when he invested the money.“I wanted to get his balance of $75,000 back, but I don’t owe him that personally.

I’m doing that because I always considered him a friend,” he said, claiming that Taylor “begged to invest” in his projects and had previously made profits from two other investments with him.In order to view the video, please allow Manage Cookies“At a time when Jax didn’t have a job, [he] came to me in a sincere way and said, ‘Can I invest with you?’” Emmett claimed. “And I said, ‘Yes, an investment is an investment, it’s not a loan to me personally …’ And he knows as a grown man that an investment is a risk.”Taylor, for his part, alleged during a May episode of his and wife Brittany Cartwright’s “When Reality Hits” podcast that he invested with the expectation that he would get his money back.“Randall and I had a deal where I would invest in movies with