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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.

86 COMMENTS

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1.

Thizz √$    

$$$

154 days ago
2.

Skit    

For sure more to the story but then again who cares

154 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.

154 days ago
4.

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?

154 days ago
5.

doinmything    

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

154 days ago
6.

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.

154 days ago
7.

missbigshot    

JAY-Z IS A RAT SNITCH

154 days ago
8.

That's All Folks    

More money, more problems?

154 days ago
9.

Truth is    

What goes around comes around. Sleeze ball gay z

154 days ago
10.

Bossy Potato    

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

154 days ago
11.

BLUE UGLY 💩    

He is really really ugly

154 days ago
12.

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

154 days ago
13.

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.

154 days ago
14.

STFU    

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

#ThugLife

154 days ago
15.

Sieron    

If its worth 20 million then why can't he just give him the 75 k and be glad he got em back

154 days ago
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