Jay Z's Former Producer Chauncey Mahan Hatched Extortion Plot Over Lost Recordings Worth Atleast $15 Million: Report
Mahan, who worked for Jay Z from 1998-2002, was questioned by cops Friday after being found in possession of the records, but wasn't charged. Mahan reportedly reached out to Live Nation, Jay Z’s joint venture with his label, Roc-A-Fella records, saying he’d auction the recordings or hand them over for a $100,000 'storage' fee.
A collection of Jay Z’s master recordings that had gone missing in 2002 was found in a California storage unit amid an alleged extortion plot, according to a report.
Chauncey Mahan, a producer who worked for Jay Z from 1998-2002, was questioned by cops Friday after being found in possession of the records, which are valued between $15 million to $20 million, according to TMZ. He wasn’t charged.
The website reported Mahan reached out to Live Nation, Jay Z’s joint venture with his label, Roc-A-Fella records, and said he’d auction the recordings or fork them over for a $100,000 “storage” fee. They settled on $75,000, and agreed to rendezvous at a storage facility in Northridge, Calif., Friday, but cops, apparently tipped off by Jay Z’s camp, swooped in, the site reported.
The LAPD confiscated the tapes, and a judge will determine ownership, the website reported, noting a grand larceny complaint was filed with NYPD, presumably because the recordings went missing from New York.
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