Friday, May 4, 2018

Jay-Z Claims SEC Probe Has Become a ‘Celebrity Hunt’

Hip-hop star Jay-Z is at the center of the SEC's investigation into New York licensing firm that purchased his Rocawear clothing company for $204 million.

The SEC is calling Jay-Z as a key witness and wants to see his communications with the firm, Iconix.

After ignoring two subpoenas, he is now being forced to testify - which the star is calling a "celebrity hunt", as he claims he is no longer involved with Iconix. However, there are claims that Jay-Z was involved with the firm when Rocawear ran into financial trouble in 2012, when Iconix was accused of misleading investors, which, if true, means that he will have to testify.

More information can be found in this NY Post article.