Tuesday, May 08, 2018

Jay Z Accuses SEC of Celebrity Witch Hunt

Last week The U.S. Securities and Exchange Commission accused Jay Z of refusing to cooperate with an investigation into the company that bought Roc-a-Wear [click here if you missed that].

Jay Z responds to the accusations...

From Bloomberg
Lawyers for Jay-Z are accusing the U.S. Securities and Exchange Commission of engaging in a “celebrity hunt” by trying to compel the hip-hop mogul to testify in the agency’s probe of a firm he did business with more than a decade ago.
Jay-Z, whose given name is Shawn Carter, was willing to testify for a full day, but not “day-to-day until completed” as the SEC is seeking, his attorneys wrote in a court filing dated Monday. The lawyers cited Jay-Z’s concern that the agency’s request “is driven more by governmental fascination with celebrity and headlines than by any proper investigative purpose.”