Friday, May 18, 2018

Jay Z Questioned by the SEC


Earlier this month rapper Jay Z was ordered to sit for questioning by the Securities and Exchange Commission for their investigation into Iconix Brand Group, the company who purchased Rocawear in 2007, after previously refusing to make himself available [click here if you missed that].

Jay has been questioned...

According to reports Jay Z was spotted at the Securities and Exchange Commission in New York on Tuesday where he was questioned for most of the day.

The SEC opened an investigation into Iconix accounting practices after they wrote down down $169 million in connection with Rocawear in 2016 and $34 million the following year.

25 comments:

Anonymous said...

The interest is Tidal ...

Blue is Jay Z's twin in that pic -amazing.

HoodRat said...

Iconix buys rocawear for 204 million
Writes down the trash for 169 million
Brand is worth 35 million
Writes down for 34 million
Brand currently in Burlington worth 1 million

Fun fact: iconix recently released their quarter 1 report and they’re doing exceptionally well. Follow the money hoes, investors see iconix staying around for a while!

Iconix said “ bitch ya brand ain’t worth a damn, imma write this shit down and u gonna take the fall for it”

Chrissy Snow said...

@hoodrat
What do you mean by write it down? Please explain for us business dummies in the back.

country said...

@7:45 who wrote it down? Jay or Iconix? Now you got me thinking more about this.

Anonymous said...

R in NYC says:

Your breakdown was hilarious @ Hoodrat.

Jay is just a crook in a business suit.

Anonymous said...

Iconix they bought it, write down to actual market value, the value was inflated at time of sale likely position of Iconix

Country said...

@7:21 I agree. I do believe the ultimate interest is Tidal.

HoodRat said...

A write down means the value can no longer be justified so they appraise the actual value in their accounting statement (they is iconix) the SEC is a 3 letter organization that protects investors. Investors deserve the truth. When they first wrote it down to 169 million investors ran for the hills, isn’t it odd that they’re slowly coming back on board, iconix first quarter statement is positive and appeasing to investors, and iconix stock quote is back in the green? The only equation gone from iconix bad name is JAYZ on the hook for the SEC investigation.
U gotta be nose blind to not smell a dead rat in that equation. Always follow the money.

Recommended reads: iconix first quarter report
Iconix stock slowly climbing again after investors notice jayz as the fall guy

Jayz plastered all over cbs, abs, Wall Street journal, CNBC, Fox, etc around the time that iconix releases their 1st quarter report wasn’t just a regular celebrity in the news. It’s code for
“Hey iconix is good, gone invest ya money investors. We caught our rat in the trap.

Also take note that jayz is being dragged and name tarnished with tidal... it’s to further their agenda and change your positive perception of him and a form of media mind control. This is the beginning of the end. When yo’ karma catch up with you🤷🏿‍♀️ Welp

Anonymous said...

There it is Hoodrat. Break it down!

Country said...

@Hoodrat........Thanks!!!!!

Anonymous said...

come through hoodrat!!.. i always knew you had the ability to drag a bitch, but this is a different side of your dragging skills and i'm here for it!

HoodRat said...

Taken from an article:
On Tuesday, Shares of Iconix Brand Group, Inc. flaunted 5.09% to reach at $0.71 during previous trading session. The company has experienced volume of 2,383,303 shares while on average the company has a capacity of trading 1.64M shar

Translation: damn iconix, I see u! Y’all niggas doing good over there all of a sudden, y’all took the trash out huh? That’s wassup.

Chrissy Snow said...

@Hoodrat Thank you.
Whew! That sounds like a load of litigation. LiveNation may never get their money back.

One article stated Iconix had been under investigation by the SEC for years. It is quite the coincidence they reached out to Jay the same time Tidal gets exposed. Oh and don't forget about that Tmobile/Sprint merge. Doesn't Sprint own part of Tidal?

Chrissy Snow said...

IKR@9:32
Class is in session and Hoodrat is the Professor.

Anonymous said...

He could at least brush his hair. Hobo looking ass.

iketernr said...

Why does J look like somebody’s aunt in this pic?

Anonymous said...

So wytes go through this all the time and it's not reported and blacks don't throw shade.

Just an observation.

Anonymous said...

^^ THIS POST IS ABOUT JAY Z!! When the post is about "WYTES" THEN WE GO IN ON THEM TOO!! If you ain't never "observed" us throw shade at "wytes" over here, either you're blind, or you're a damn lie. WRONG site sis.

HoodRat said...

11:23 stfu we have dragged Eminem, iggy azeala, the kardashians and any white actor that’s on snitch’s radar. Gtfoh u dusty azz piece of shyt

Felicia said...

If he sold the company to Iconix in 2007, how is Jay responsible for reporting quarterly reports.. I am a bit confused..
I am a business dummy.

HoodRat said...

He’s stayed on as managing the licensing, he sold the business but promised to return licensing coin to them every year. He wasn’t able to deliver because he’s a dumb business man and trusted the wrong ppl. Should’ve kept dame dash on his team. He wouldn’t be going through this right now

Anonymous said...

Jay is so unattractive, inside and out, yikes!!!!!!!

Anonymous said...

What would Dash have done? He can't even keep one of his own businesses open and running.

Allihave2say said...

6:00 PM Sometimes we break a plate, glue it back together and it works just fine even in the dishwasher. Sometimes we break a plate and it shatters, no matter how much glue we apply it's never as sturdy as before. There are chips and pieces that scattered and can't be found to fill in gaps, too many gaps keeps it weak and it's use is less effective.

Dame Dash, as arrogant as he was and is, was broken by the betrayal of trust that Jay Z broke in their relationship to gain favor of whites. He sold out several black men who were trying to do what he is similarly trying to do now with Tidal.

When you have money on the books whether it's tangible or not people will loan you money and do business with you. When your numbers are weakened no one pulls your plate up to the table. I'm pretty sure Jay Z continued to work as an informant against other artists in the industry who tried to break out. Prince signed up with Tidal because he believes the sales pitch that Tidal was for the artists and by the artists. It was just another money grabbing venture for Jay Z and we see how he used his access to the streaming to boost himself. They thought no one would notice that the numbers were being fudged but they did and their handprints are on the cookie jar.

The same people that Jay Z got involved with to destroy the plans of Damon Dash and the other black me will be the same ones who pull Jay Z down. They are breaking him. He no longer combs his hair.

Anonymous said...

^ Yes he snitched on the distribution deal all them were trying to put together and he was rewarded with his own label similarly to how the other Sean, P Diddly Combs snitched on TLC and ran and told Clive on them when they busted into the record company with guns looking for their money and Clive rewarded him with Bad Boy.How many people have him and Beyonce kept down in front and behind the scenes the past 20 some odd years? Everything you said right on the money.

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