Jay Z and a collection of some of his master recordings are in the middle of an extortion investigation. The masters were recorded between 1998 and 2002 are valued somewhere between fifteen and twenty million dollars. The police have already taken possession of the tapes which led to the extortion investigation. A producer named Chauncey Mahan is somehow connected and was questioned by police this past weekend.
As the story goes, Jay-Z and other artists who were signed to Roc-A-Fella Records recorded tons and tons of master recordings in the four year span. The masters went missing some time in 2002 which around the same time Mahan stopped working with the label. However, when the masters went missing everyone assumed they were lost and never thought they were stolen.
In present times, the producer Chauncey Mahan had several of the master recordings in a storage facility in Northridge, California. Mahan supposedly got in contact with Live Nation–Jay Z’s partner in Roc Nation– and told them he would put the tapes up for auction or give Live Nation the tapes for a hundred thousand dollar “storage fee.” Mahan was eventually talked down to $75,000.