Jay Z's case of the $20 million master tapes is closed. The rapper mogul has dropped the extortion charges against his ex-producer, Chauncey Mahan, NY Daily News reports.
This April, Mahan was accused of hiding at least $15 million worth of Jay’s master recordings, which were reportedly missing since 2002, in a California storage facility. Mahan reportedly called up Hov's Roc Nation affiliate, LiveNation, to offer a phony “storage fee” for $100,000 in exchange for the tapes. While the LAPD confiscated the tapes, Mahan was let off the hook without charges.
TMZ reports, “the rapper's camp is no longer pursuing criminal extortion charges over $20 million worth of Jay Z songs ... and the Beverly Hills PD has closed its investigation as a result.”