Vh1 announced the cancellation of I Love Money 3.

We’re sad to announce that the fate of both Megan Wants a Millionaire and I Love Money 3 have been determined: both have been canceled and will not make it to air.

Now Bourgy.com asks if the winner's prize money should be paid

Jasmine Fiore and the culture of celebrity

Ryan Jenkins received $5200 for I Love Money 3

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I Love Money 3 contestant Lacey confirms Ryan Jenkins was on the show and says VH1 will not air the season.

I Love Money 3 canceled...

Breaking News: I Love Money 3 canceled

Confirmed:

Cocktail
Cashmere
Lacey
Marcia
Gia
Big Rig
Sinister
Fox
Ryan Jenkins
Weasel
Mr.Wise (Spoke to Mr Wise's camp and they deny he's part of the cast)
Black

The Most Likelys:

Natasha
Peechee
Pretty
Cheezy
Promo
Meatball
Cage
Jessica
Lil Hood
Professor
Pumkin

The “Maybe’s”:

Midget Mac
Sinceer
Grayveey

[Courtesy: Khi]