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Jay Z

Alleged Extortion Plot Over $20 Mil Recordings

4/21/2014 11:19 AM PDT BY TMZ STAFF
EXCLUSIVE

0420-jay-z-tmz-01A collection of Jay Z master recordings -- valued between $15 and $20 MILLION  -- is at the center of an alleged theft and extortion plot ... and TMZ has learned, police have already nabbed the tapes.

Law enforcement sources tell TMZ ... a producer named Chauncey Mahan -- who worked with Jay Z from 1998-2002 -- was questioned Friday in connection with the alleged plot.

Here's the backstory ... Jay Z's Roc-A-Fella Records recorded a boatload of master recordings between 1998 - 2002.  We're told in 2002 the masters went  missing -- Jay Z and his people assumed they were lost.

Fast forward to this past Friday.  Mahan apparently had a number of the masters in his Northridge, CA storage facility.  Law enforcement sources tell TMZ ... Mahan allegedly contacted Live Nation -- which has a joint venture with Jay Z called Roc Nation -- and said he would either let the tapes go up for auction or give them the tapes for a $100K "storage fee."  We're told Mahan eventually agreed to take $75K.

We're told on Friday Mahan went to the storage facility to seal the deal with Jay Z's people.  Little did he know the LAPD had  been contacted by Jay Z's people and showed up. We're told cops then detained Mahan and he agreed to come into the station for questioning. He also agreed to let the LAPD take possession of the tapes until a judge determines ownership.

Mahan was not arrested, but our sources say the Beverly Hills PD is investigating the extortion allegations because that's where Live Nation is  based.  We're also told Jay Z's people filed a grand larceny complaint Friday with the NYPD and that investigation is ongoing.

88 COMMENTS

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1.

Thizz √$    

$$$

101 days ago
2.

Skit    

For sure more to the story but then again who cares

101 days ago
3.

Lisa    

Whether it's extortion of not depends on how he obtained them. If they're HIS tapes, he can sell them back to Live Nation for however much he wants to! If he stole them from, he's in trouble. I wonder if there was ever a police report about them being missing. That would really help their case.

101 days ago
4.

Farrakhan Ashy Larry    

Steal all the rap recordings, it's all a bunch of crap.

101 days ago
5.

Skit    

never understood the baseball hat perched on top of the head like it doesnt fit right. Did he buy a hat to small to fit his head or is it some retarded fad.
First pants 4 sizes to big and now hats 2 sizes to small.
Come people, clothes that fit, still need mom to dress you?

101 days ago
6.

doinmything    

I could careless how rich he is, he is fricken ugly as hell!!!

101 days ago
7.

Tesla_Consulting    

I must delete my account. Only 75K, allowed to cops to take his stuff, agreed, pleasant. Be nice to cops, they will be nice to you.

101 days ago
8.

missbigshot    

JAY-Z IS A RAT SNITCH

101 days ago
9.

That's All Folks    

More money, more problems?

101 days ago
10.

Truth is    

What goes around comes around. Sleeze ball gay z

101 days ago
11.

Bossy Potato    

Oh my god. Who cares. I hate jay-z. He is so ugly and his music isn't anything great.

101 days ago
12.

BLUE UGLY 💩    

He is really really ugly

101 days ago
13.

Skit    

So stealing others music and calling it sampling is ok, then once you destroy the music and turn it into a "rap". Then they think they own the music they didnt create. And then try to sue or jail anyone that takes it from them.
Hmmmmm

101 days ago
14.

static    

I call BS on the value on the value of those recordings. They should investigate the corporate criminals at Live Nation for screwing music fans.

101 days ago
15.

STFU    

who cares about camel face , the former drug dealer that married a HS dropout. God bless us all .

#ThugLife

101 days ago
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