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Jay-Z and Governor Paterson Under Federal Investigation

Posted by Media Outrage on February 22, 2010

Jay-Z and NY Governor David Paterson are now the focus of a new Federal Investigation:

Jay-Z’s relationship with NY Governor David Paterson is one of the points of interest in a federal investigation into AEG’s multi-billion dollar deal for the Aqueduct Race Track racino.

The issue revolves around whether the bid selection process was unethical. Questions have arose following AEG’s successful bid since they courted Jay-Z, a good friend of Gov. Paterson, several months before the racino selection was completed.

Last month, Governor Patterson awarded AEG (Aqueduct Entertainment Group) with the contract to upgrade the existing Aqueduct Race Track venue, the only one located within the New York City limits.

The new state of the art gaming site will boast 4,500 video slot machines.

AEG chairman Richard Mays first approached Jay-Z last September, following the rapper’s press conference with Gov.

Patterson announcing plans for a 9/11 tribute concert at Madison Square Garden.

The two parties agreed to a deal that awarded the rapper a 7% stake in AEG through his company Gain Global Investments Network LLC.

According to the NY Post, Jay-Z originally planned to come in on the racino deal in spring 2009 with casino tycoon Steve Wynn, who was told by Gov. Patterson that his team needed to secure a minority partner to make their group more attractive.

Wynn decided to withdraw his bid, which allowed AEG to court the Roc Nation mogul. In a statement, AEG flatly denied accusations that their Jay-Z deal was done to gain favor with Gov. Paterson.

Instead, company spokesman Jonathan Rosen pointed to Jay-Z’s worldwide visibility and New York popularity in particular as the main reason for offering the rapper a 7% company stake.

“Given [Jay-Z’s] superstardom and his long and deep connection to New York, the partners thought he could bring a unique perspective to shaping a facility that would truly be an entertainment destination,” Rosen explained to the NY Post. “The partners were looking to bring in someone who could bring marketing and community advice to the team.”

A representative for Gov. Paterson also dismissed the scrutiny as baseless.

“There is absolutely no relationship between Governor Paterson’s friendship with Jay-Z and the choice of AEG,” said a spokeswoman.

At press time, Jay-Z is in the midst of his nationwide 2010 Blueprint 3 tour.

Source

10 Responses to “Jay-Z and Governor Paterson Under Federal Investigation”

  1. MaliaMalia LOVES MO said

    hmmm just notice something odd in that picture above, that i have never took any notice off until now hmmm! and i’d don’t want to spell it out!!!

  2. Yvonne said

    I’m gonna wait until I hear more on this. Don’t know what to think at this point.

  3. ucanb2 said

    HMMMM… we will see, but time will tell!

  4. BadBadKitty0727 said

    What they need to be investigating is Cheney/Halliburton connection. Haliburton received billions of $ worth of contracts over in Iraq. Cheney was the former CEO of Halliburton.

  5. Kanyade said

    Errrybody know Halliburton and Cheney is shady to the max. As for JayZ and the Guvner *didnt read* meh.

  6. juliennette said

    I think “they” all hate it when black brothers work together like this. I don’t think there is any other thing to this.

  7. Nina said

    Some people hate to see black men be successful.

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