RUMOR MILL
Back to Rumor Mill >
Wednesday, May 9, 2018

SEC ORDERS JAY-Z TO TESTIFY IN FRAUD PROBE

While you’re thinking Jay-Z’s still got at least 99 problems, add another one: A New York federal judge has ordered Jay-Z to answer in person the Securities Exchange Commission’s questions about securities fraud involving the Iconix Brand Group.

Hova had failed to comply with two subpoenas in the last six months, and he will now appear for one day of SEC questioning at an undisclosed location on 5/15, with the possibility of a second day if one is not enough.

The investigation has to do with whether Iconix violated trading laws related to financial reporting. The SEC said Iconix had maintained relationships with Jay-Z related to the Rocawear brand, which it had written down by $203m during the past two years. Carter sold Rocawear to Iconix for $204m in 2007 but maintained primary creative control of the brand.

 
BACK TO RUMOR MILL
 
SPRING BREAKOUTS: THESE HEATERS ARE STILL HOT
Who's Boomin who. (4/25a)
Check It Out Now
SONG REVENUE: “SWEET” SMELLS OF SUCCESS
Life after "Church" (4/25a)
Check It Out Now
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/25a)
Check It Out Now
THE ODDS ON TUCKER WETMORE
Who's gonna get him? (4/25a)
Check It Out Now
GONE COUNTRY: HOUSE LIPMAN INVESTS IN WESTERN WEAR
The full Monte (4/25a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions