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A collection of Jay Z master recordings that went missing over a decade ago have been found by police and may be part of an alleged extortion scheme. Chauncy Mahan, a producer who worked with the “Magna Carta” rapper at the time, has been questioned by police.
From 1998 to 2002, Jay Z amassed a large collection of recordings for his Roc-A-Fella Records, but they went missing in 2002. According to TMZ, Jay’s team believed that they were gone forever. But suddenly on Friday, Mahan allegedly contacted Live Nation, according to TMZ’s sources. He told Live Nation (which runs Roc Nation with Jay Z) that he would give up the tapes for a $100,000 “storage fee,” but wound up taking $75,000.
Then, Mahan went to the storage facility where he had these tapes to make the deal official. Unfortunately for him, Jay Z’s team called up the LAPD and they were there when he arrived.
Mahan was not arrested, but he agreed to be questioned. He’s also allowed the LAPD to take the tapes until a judge decides who owns them. It’s estimated that the tapes could be worth as much as $20 million.
According to The New York Daily News, the tapes went missing in New York state, so that’s where a grand larceny complaint was filed.
Jay Z recently released Magna Carta Holy Grail and there’s rumors that he might tour with his wife, Beyonce.