A collection of Jay Z master recordings -- valued between
$15 and $20 million -- is at the center
of an alleged theft and extortion plot.
Law enforcement sources tell TMZ ... a producer named
Chauncey Mahan -- who worked with Jay Z from 1998-2002 -- was questioned Friday
in connection with the alleged plot.
Here's the backstory as narrated by TMZ... Jay Z's Roc-A-Fella
Records recorded a boatload of master recordings between 1998 - 2002. We're told in 2002 the masters went missing -- Jay Z and his people assumed they
were lost.
Fast forward to this past Friday. Mahan apparently had a number of the masters
in his Northridge, CA storage facility.
Law enforcement sources tell TMZ ... Mahan 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 $100K
"storage fee." We're told
Mahan eventually agreed to take $75K.
We're told on Friday Mahan went to the storage facility
to seal the deal with Jay Z's people.
Little did he know the LAPD had
been contacted by Jay Z's people and showed up. We're told cops then
detained Mahan and he agreed to come into the station for questioning. He also
agreed to let the LAPD take possession of the tapes until a judge determines
ownership.
Mahan was not arrested, but our sources say the Beverly
Hills PD is investigating the extortion allegations because that's where Live
Nation is based. We're also told Jay Z's people filed a grand
larceny complaint Friday with the NYPD and that investigation is ongoing.
Source TMZ
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