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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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31.

August    

I wouldn't even take his master recording if they were in the FREE BOX at a garage sale.

183 days ago
32.

August    

Jay Z amassed his fortune by getting Ghetto Skanks & Ghetto Thugs to sell their FOOD STAMPS & WIC COUPONS at half price to buy his CD's, tickets, and the other crap he peddles.

183 days ago
33.

nana    

So according this moron @August people that bought jayz albums are ghetto skanks and what not smh

183 days ago
34.

mak    

either way, jay is a snitch

183 days ago
35.

Cochise    

This guy was able to steal all those masters, but was too stupid to not see that his plan to complete the 'deal' was ridiculous? Wow. How could he not know that they would bait and switch him sending in the police? That's common sense to a squirrel stealing nuts.

183 days ago
36.

mandee177    

Smells like bull s... to me. Why didn't Jay report that **** earlier cause he thought they got lost. This man has money cause he ain't dump. Don't believe that sh.. for a minute, he's a ugly liar. Give it up, you can't win everything Jay.

183 days ago
37.

bkblueknight    

on jay-z's album American Gangster, he claims he would never snitch. im just sayin

183 days ago
38.

Duke Steele    

He raps. So the tapes are of him talking. Wow, what talent.

183 days ago
39.

lulu2009    

Is that his real name on his cap? Or maybe just the look on his face... He's like a black Homer Simpson, dope!

183 days ago
40.

Dee Kat    

Jay z called the police where I'm from they would now call jay z a snitch,rat,punk, well u get it. STOP SNITCHING!!!!!! Ya rat bastard

183 days ago
41.

MARIO    

WHITE FOLKS CANT SEE A BROTHA COME UP CUZ ITS A CRIME, L.A CITY COUNCIL ARE TRYING TO PUT HIM DOWN THEY DONT APPROVE OF HIS MUSIC FESTIVAL IN DOWNTOWN

183 days ago
42.

Blockboy720    

Jay shoulda handled that Brooklyn style..in the streets

183 days ago
43.

MightyMatt    

How about they just destroy the recordings. Win-win for everybody.

183 days ago
44.

Mr.Dees    

Switches get stitches

183 days ago
45.

Mr.Dees    

Snitches get stitches

183 days ago
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