Life&Culture

Jay-Z Subpoenaed By SEC For Testimony In Fraud Case

Jay-Z Subpoenaed By SEC For Testimony In Fraud Case

The SEC is examining potential violations of federal securities laws related to Iconix's acquisition of intangible assets associated with Jay-Z's Rocawear apparel brand, according to the SEC's statement about the subpoena.

In a statement, a representative of Carter's said he was aware the SEC was probing Iconix's financial reporting, but since he had "no role in that reporting or Iconix's other actions as a public company" he should "not be involved in this matter".

American rapper Jay-Z, pictured here performing Bercy arena in Paris, Oct 17, 2013, is now in trouble.

The news comes one day after Jay-Z's announcement of his forthcoming Roc Nation TV production division.

Among other things, the SEC said it desires jayz to reveal exactly the worth of their Rocawear trade mark along with also his engagement with all the brand to Iconix after the sale.

Two years ago, Iconix wrote down $169 million of Rocawear and this year it wrote down another $34 million, according to SEC filings.

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But is Keenum a long-term answer or just a stopgap improvement over Trevor Siemian? "Hello, Cleveland? This is John Elway". Saints and Cowboys fans in the area can't wait to find out who their team is going to pick in the first round.


The rapper needs to say next week why he's dismissing a February subpoena in the Securities and Exchange Commission, U.S. District Judge Paul G. Gardephe claimed within a arrangement openly filed Thursday.

The hip hop mogul born Shawn Carter, who just announced plans for a six-part documentary series examining Meek Mill and flaws in the criminal justice system, has been issued an investigative subpoena.

The dates on which Jay-Z will appear in court to testify are unknown, as of Thursday afternoon.

Simply asserting he does not have relevant information will likely not be enough for Carter to be allowed to ignore the subpoena, Chase said.

Carter has wide-ranging business interests from the music industry to his streaming service Tidal to a sports management company. The action seeks an order to enforce a subpoena sent to Carter for him to testify in an investigation of clothing company Iconix Brand Group.


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