TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

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

No Avatar
46.

SpicyRelish    

If he had suspected Mahan to be dishonest, why would he pay any money at all and also implicate hisself by getting his company involved in it? Why didn't he just turn it over to the police. It has been suggested that Miles Cooley, an attorney at reedsmith was the orchestrator and facilitated the gathering of these masters and that Miles had the check . Where's the report from 2002? Where's the insurance records to show this stuff was lost or stolen or missing?

123 days ago
47.

SpicyRelish    


Who is Miles Cooley? It was suggested that Miles Cooley at ReedSmith law firm in Los Angeles supervised the entire process for Jay Z and Rock nation. Cooley is an attorney of law who had the check they were waving in mahan's face for 75k... So where is the police report from 2002 and the insurance claim for the $20 mil intellectual property?? What does Def Jam know?

123 days ago
48.

Ferndog68    

"I'm a born hustler sold water to a well" I guess Mahan was just hustling himself , selling songs to the artist ;) Don't hate the playa hate the game

123 days ago
49.

K South West    

JAYZ THE NUMBER ONE SNITCH

122 days ago
50.

BP    

from one criminal to another.... both need to be locked up for destroying the youth of America.

And really who cares?!?!?!

122 days ago
51.

BURN_HOLLYWOOD    

JAY Z IS PURE GARBAGE. TAKE ALL HIS MASTERS AND DUMP THEM IN THE OCEAN. HE SUCKS AND A BUNCH OF MINDLESS SHEEP LISTEN AND PAY FOR HIS GARBAGE

122 days ago
52.

BURN_HOLLYWOOD    

THROW ALL OF HIS PIECE OF SH*T MASTERS IN THE OCEAN OR BURN THEM. JAYZ HAS NO TALENT AND HE IS GARBAGE. HIS MUSIC SUCKS!!!

122 days ago
Previous 15 Comments | 1 | 2 | 3 | 4

Around The Web