Producer Chauncey Mahan allegedly contacted Live Nation to sell copies of Jay Z recordings made between 1998 and 2002.
Jay
Z was the target of an alleged multi-million dollar extortion plot that
was thwarted by the LAPD Friday (April 18), according to TMZ.
Producer Chauncey Mahan worked with Jay Z
from 1998 and 2002 was in possession of a number of Jay Z master
recordings that Jigga and his associates assumed were lost. TMZ says the
value of the recordings is estimated to be between $15 million and $20
million.
The story says Mahan reportedly had the masters in a Northridge, California storage facility and contacted Live Nation, with whom Jay Z has a partnership for Roc Nation, regarding the recordings.
Mahan, who worked with Hov on Vol. 3... The Life And Times Of S. Carter and The Dynasty Roc La Familia (2000- ), allegedly planned to put the tapes up for auction or return them to Live Nation for a $100,000 “storage fee,” TMZ says.
When Mahan went to meet with Jay Z’s representatives
Friday, he was met by the LAPD. He was detained and brought in for
questioning. He also provided the LAPD with the recordings until a judge
determines ownership of the recordings.
Mahan was released and Jay Z’s representatives filed a grand larceny complaint with the NYPD Friday.
The Beverly Hills police department is also investigating
the extortion allegations, as Live Nation is based in the California
city.
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