It’s clear JAY-Z isn’t talking, at least not to the Securities and Exchange Commission (SEC).
The Hip Hop mogul — real name Shawn Carter — has reportedly been subpoenaed by Wall Street’s most powerful regulator for refusal to cooperate in a current investigation.
According to TIME magazine, Hov has been subpoenaed for a third time after failing to testify as part of a SEC investigation into the Iconix Brand Group Inc.’s accounting practices.
In 2007, the company paid roughly $200 million to acquire assets from Hov’s Rocawear apparel brand. The SEC says its wants Hov’s testimony after Iconix wrote down the value of Rocawear by $169 million in March 2016 and another $34 million this year.
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A spokeswoman for JAY-Z said, “We are aware that the SEC is seeking information on Iconix’s financial reporting. Mr. Carter had no role in that reporting or Iconix’ s other actions as a public company. Mr. Carter is a private citizen who should not be involved in this matter.”
Hov was originally subpoenaed last November. In February, he retained new counsel before the SEC issued a second subpoena for testimony, which he again failed to deliver.
Rocawear was reportedly sued by iSource NYC in 2013. The line allegedly owed the wholesale company nearly $500,000 for garments made in Pakistan and shipped to New York in 2012.
Iconix also filed a lawsuit against Hov and Roc Nation for using the company’s logo on Major League Baseball (MLB) merchandise in May, which JAY-Z wants nothing do with.
Rae Sremmurd has shared the tracklist for their upcoming triple album SR3MM, which is scheduled to drop on Friday (May 4). The third entry in the SremmLife series is composed of three nine-track LPs, including Swae Lee’s SwaeCation and Slim Jxmmi’s Jxmtro.
SR3MM includes contributions by Future, Travis Scott, The Weeknd and Juicy J. Jxmtro boasts appearances from Pharrell, Trouble, Zoë Kravitz, Riff 3X and Swae Lee, while Young Thug is the lone guest on SwaeCation.
Check out the tracklist for Rae Sremmurd’s triple album below.
SR3MM Tracklist
1. Up In My Cocina
2. Close f. Travis Scott
3. Bedtime Stories f. The Weeknd
4. Perplexing Pegasus
5. Buckets (Balling) f. Future
6. 42
7. Powerglide f. Juicy J
8. Rock N Roll Hall Of Fame
9. T’d Up
Jxmtro Tracklist
1. Brxnks Trunk
2. Players Club
3. Anti-Social Smokers Club f. Zoë Kravitz
4. Chanel f. Swae Lee Pharrell
5. Cap f. Trouble
6. Changed Up
7. Keep God First
8. Juggling Biddies f. Riff 3X
9. Growed Up
SwaeCation Tracklist
1. Touchscreen Navigation
2. Heartbreak In Encino Hills
3. Heat Of The Moment
4. Offshore f. Young Thug
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(The previous version of this article was published on April 30, 2018 and can be found below.)
Rae Sremmurd have unveiled the album covers for their upcoming SR3MM project. The triple LP is comprised of the third entry in the duo’s SremmLife series and two solo albums: Swae Lee’s SwaeCation and Slim Jxmmi’s Jmxtro.
The pair’s highly anticipated album is scheduled to drop on Friday (May 4). No tracklist has been revealed at this time, but the release will include the popular single “Powerglide” featuring Juicy J.
Check out the SR3MM covers below.
(The original version of this article was published on April 27, 2018 and can be found below.)
Fans of rap duo Rae Sremmurd won’t have to wait too much longer for the release of their next studio album, SR3MM.
Rae Sremmurd’s Swae Lee hit Twitter early on Friday (April 27) to reveal that SR3MM will be released on May 4.
“Our album SR3MM officially drops on 5/4 With side chapters SwaeCation Jxmtroduction,” Swae tweeted.
Announced at the top of this year, SR3MM will serve as a triple album. In addition to a joint album as Rae Sremmurd, the brothers will each have their own solo album.
Over the past few months, the pair has offered a taste of what can be expected with the release of a handful of singles including “Guatemala,” “Powerglide,” “T’d Up,” and “Chanel.”
Swae recently broke down how all the songs will be organized across the three projects.
Los Angeles, CA – VH1’s annual Mother’s Day special, Dear Mama: A Love Letter to Moms, just got a little more swaggy now that Puffy-P-Diddy-Brother-Love-Sean-John Combs has come aboard to the presentation.
The Bad Boy creator joins the existing star power of Gabrielle Union and Colin Kaepernick, with Ne-Yo, Bobby Brown, Jesse J, Patti Labelle and Jhené Aiko all chiming in for special tribute performances dedicated to the women who gave us life.
Black-ish‘s very own Anthony Anderson will return as host for the third time alongside Power actress La La Anthony.
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The 2018 edition of Dear Mama: A Love Letter to Moms will be produced by Flavor Unit and Jesse Collins Entertainment with Shakim Compere, Queen Latifah, Jesse Collins, and Jeannae Rouzan-Clay all assuming the role of Executive Producers. For VH1, Amy Doyle, Garrett English, Elena Diaz and Andria Parides are Executive Producers, and Joe Buoye is Executive in Charge of Production.
Look out for the heartfelt event to air on VH1 next Monday, May 7th at 9 PM ET/PT via The Theatre at Ace Hotel in downtown Los Angeles, California.
A man accused of extorting Kevin Hart by threatening to release a sex tape has been apprehended. Los Angeles County prosecutors charged Jonathan Todd Jackson, 41, with attempted extortion and extortion by threatening letter on Wednesday (May 5), according to the Associated Press.
Jackson is accused of trying to extort Hart last August before attempting to sell the video to celebrity news websites. Previous reports said he tried to get $10 million from the comedian. He is currently in custody following his Monday (April 30) arrest.
The extortion plot against Hart made headlines last year after he disclosed the situation in a video on Instagram. The comedy star issued an apology to his wife and children following months of cheating rumors.
“I’m at a place in my life where I feel like I have a target on my back,” he said in the video. “And I made a bad error in judgment and I put myself in a bad environment where only bad things can happen and they did. And in doing that I know that I’m going to hurt the people closest to me, who’ve I talked to and apologized to, that would be my wife and my kids.”
Hart, who addressed his infidelity by starring in J. Cole’s “Kevin’s Heart” video, commented on the charges against Jackson in a tweet on Wednesday.
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Los Angeles, CA – There were bound to be consequences for Daz Dillinger’s open Crip call threats to Kanye West.
And on Tuesday (May 1), Tha Dogg Pound veteran saw firsthand the increased visibility he’s brought upon himself.
“Muthafuckin’ police just stopped me … asked me about this Kanye West shit,” Daz reported on Instagram from an undisclosed Los Angeles location. “Look how many muthafuckin’ police it is,” he continued, zooming on a swarm of cop cars on the block.
Daz took the news in jest, proclaiming he was going to frame and hang the document in his recording studio. And he displayed the same cheeky attitude as he got out of the vicinity of the cops who blew his spot up.
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“But luckily, I’m blessed. I ain’t got shit on me so ‘fuck you.’ I handle business,” he declared as he focused his camera phone on a 2Pac hat he was rocking at the time of the police stop.
“Let the smashin’ and the Dashin’ begin — The Dashians,” he quipped. “Kris [Jenner] did you call the police on me? I’m out of here, fuck y’all,” he concluded.
And if you figure all these cops and legal paperwork is making Daz rethink his Kanye approach, you’re having wild thoughts.
The OG just announced his new self-produced single titled, “F K U #FUCKANYEUP.”
YEEZY XFX 
DJ 1/2 Pint On Social Media