A collection of Jay-Z master recordings valued between $15 and $20 million is reportedly the object of a theft and extortion plot, reports TMZ.
Law enforcement sources tell the website that producer Chauncey Mahan, who worked with Jay Z from 1998-2002, was questioned Friday in connection with the alleged plot.
Jay Z’s Roc-A-Fella Records recorded numerous master recordings between 1998 – 2002. According to TMZ, the masters went missing in 2002. Jay Z and his people assumed they were lost.
This past Friday, a number of the masters turned up in Mahan’s storage facility in Northridge, CA. Law enforcement sources tell TMZ that he 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 $100,000 “storage fee.” According to TMZ, Mahan eventually agreed to take $75,000.