#EGISTZ Jay Z’s Alleged Extorter I SAVED Jay Z’s Recordings!!! He Was a Stupid Kid Smoking Blunts #TEAMJIZZT (SHARE)

Jay Z should be THANKING the
producer he’s accused of extortion
— or so the guy claims, telling egistz
if it weren’t for him … the
recordings he’s allegedly holding
for ransom would have been lost or
destroyed … because Jay Z was an
irresponsible pothead back in the
day. Egistz broke the story …
Chauncey Mahan was detained by
police Friday after Jay Z’s people
accused him of stealing the master
recordings for several big songs
back in 2002 — and then trying to
hold them for ransom — a $100,000
“storage fee.”But Chauncey insists
the allegations are BS — telling
TMZ, he didn’t steal jack … Def
Jam asked him to keep track of
the recordings in 2002 because no
one else was doing it. According to
Chauncey, Jay Z “was a stupid kid
smoking blunts” who was reckless
with his intellectual
property.What’s more, over the
last 10 years, Chauncey says he’s
repeatedly notified Jay Z’s people
that he was in possession of the
masters, and they blew him off. He
says he finally asked for money last
week when he could no longer
afford to keep the masters in
storage.Chauncey says he asked for
$100,000 to compensate him for
keeping the recordings safe for 12
years. FYI, the masters are for
Jay Z’s “Volume 3” and “Dynasty”
albums — including huge songs like
“Big Pimpin” and “I Just Wanna
Love U (Give It 2 Me).”And this is
interesting: Chauncey says some of
the masters sound awful … which
might explain why Jay Z is freaking
out.As we reported, police have
since taken possession of the tapes
until a judge can determine rightful
ownership. (Comment)

for more #egistz follow @Team_jizzy https://facebook.com/JizzyEntertainment

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