After great media attention the producer Chauncey Mahan denies extortion allegations of which he was accused of planning to extort millions of dollars from Jay Z.
According to TMZ, Mahan claims that he didn’t steal the master recordings but was instead asked by Def Jam to look after it in 2002. He additionally claims that Jay Z “was a stupid kid smoking blunts” and was irresponsible at that time.
Furthermore, over the last 10 years, he also informed the rapper’s employees about the recordings’ whereabouts. He claims that he only asked money last week because he could not pay anymore for the storage fees of the master recordings.
He allegedly asked for $100,000 for the masters, which include works from Vol. 3… The Life And Times Of S. Carter and The Dynasty Roc La Familia (2000- ). Mahan also claims that some of the recordings don’t sound good.
As reported yesterday, the recordings are currently in the custody of the law enforcement officers until a judge determines the recordings’ ownership.
Peps Final Say
Its not a big surprise that Chauncey Mahan Denies Extortion Allegations now that the issue has been exposed. Some feel he is telling the truth some will feel he is trying to wiggle out of it. Personally I feel that he thought he might have been able to get a quick payoff and that it might to much for Jay Z to go through the whole legal procedure but to Chauncey Mahan surprise he ended up with his back against the wall. One thing for sure those masters are worth a whole heap of money, so whoever end up with it will be laughing all the way to the bank.