UPDATE: Engineer Responds To Accusations Of Extorting Jay Z

JAYYesterday we reported on audio engineer Chauncey Mahan allegedly attempting to extort Hova for his own master recordings, dating back to the ’90s.

Now Chauncey has spoken to TMZ about the whole debacle, and gives his version of events. He says he was not extorting Jay Z, simply holding on to the masters because back in the day Hov was reckless with his intellectual property. He says Jay “was a stupid kid smoking blunts.”

The engineer says he’s been attempting to get the masters back to Jay Z for over ten years now, however he kept getting blown off. He says he finally asked for money last week when he could no longer afford to store them– thus the $100,000 was to compensate him for keeping them safe for twelve years.

The master recordings consisted of music from Jay Z’s Dynasty and Volume 3 albums, including tracks like “Big Pimpin.”

We’ll keep you informed as this story continues to unfold.

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