by Andrew McMahon
Hip Hop icon and entrepreneur Jay-Z is currently caught in the midst of an extortion plot from a former business associate. Chauncy Mahan, an engineer who worked for Jay Z from 1998-2002, is seeking a $100,000 “storage fee” for master recording tapes he has in his possession.
According to TMZ, Mahan was detained by police Friday after Jay Z’s people accused him of stealing the master recordings for Jay Z’s “Volume 3” and “Dynasty” albums in 2002. The former engineer states that Def Jam asked him to keep track of the records, claiming Jay Z was reckless with his intellectual property.
Soon after the news of the alleged extortion was leaked, frequent Jay-Z collaberator, Just Blaze, came to the rap mogul’s defense via twitter. Blaze calls out Mahans incompetence as a producer, most notably for his work on the “Dynasty” album, and as a result questions the validity of his claims.
The tapes are allegedly worth between $15 and $20 million. Authorities have since confiscated the the masters until a judge can determine rightful ownership. The investigation is still ongoing, so be sure to check back here for more as the story unfolds.