Randall Emmett has accused Jax Taylor of “threatening” him after the “Vanderpump Rules” alum publicly blasted the movie producer for allegedly owing him $75,000 from a loan.
Emmett claimed that Taylor actually invested $300,000 of his own money into one of his unspecified film projects, but when it “fell apart,” the reality star was out $75,000.
“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, 52, said on Tuesday’s episode of his “It’s a Racquet” podcast.
The “Irishman” producer claimed he was caught off guard, because at the time, he considered Taylor to be “one of [his] best friends.”
“I was like, ‘Dude, we’re friends why are you threatening me? It’s disgusting.’ So then he’s acting like he doesn’t know what happened, he didn’t know what was going on,” he continued.
Emmett claimed that Taylor, 44, “exaggerated” the truth and that he’s “playing a victim,” which he said is a “bunch of bulls–t.”
“I wanted him to be taken care of, and I wanted to get his balance of $75,000 back, but I don’t owe him that personally,” he said. “I’m doing that because I always considered him a friend.”
The dad of three also claimed that Taylor “begged to invest” in Emmett’s movie projects and had previously made a “profit” of $100,000 and $200,000 from two other investments.
“At a time when Jax didn’t have a job, [he] came to me in a sincere way and just said, ‘Can I invest with you?’ And I said, ‘Yes, an investment is an investment, it’s not a loan to me personally, it’s an investment.’ So he said, ‘Can I invest in your films?’ And he knows as a grown man that an investment is a risk,” he said.
Emmett argued that the “bottom line” is that Taylor is a “grown man” whose investment “didn’t work.”
“The part where Jax goes off and says I took and [tries] to keep bashing me in the press, like, you know that that’s not the story, and you know that that version is a fairytale, and that’s it,” he added.
Taylor previously revealed that he had invested in three movies, but he claimed they were “bridge loans,” which meant that he would get a “producer credit.”
“I invest in the movie, I wait until the movie airs and then I would get my money back,” Taylor claimed on a May episode of his podcast, “When Reality Hits. “There’s really no losing in this, it’s a pretty easy thing.”
The “Vanderpump Rules” alum said that Emmett had paid him back for his past two loans.
However, he claimed that Emmett was the one who approached him to invest $100,000 in a project — not $300,000.
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But when the COVID-19 pandemic shut down the project, Emmett allegedly only gave him $25,000 in return.
“Where the f—k is my money? You took from a family man, I’m not a studio,” Taylor said at the time.
Taylor’s rep did not immediately respond to Page Six’s request for comment.
As for Emmett, the movie producer and pro tennis/pickleball player Sam Querrey will talk sports, pop culture and whatever else is on their minds every week on their new podcast, “It’s a Racquet.”
The duo will be joined by guests from all walks of life as they hold “court” every week and sometimes even cross the line.