no shyt, I'm talking before when they tried to get him to testify
this is just some, don't ignore's boy white power petty shyt
dumb ass OP acting like he's being charged with a crime
Jay-Z is being investigated by the SEC over $200m Rocawear sale to ICONIX
- Thread starter ☑︎#VoteDemocrat
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no shyt, I'm talking before when they tried to get him to testify
this is just some, don't ignore's boy white power petty shyt
dumb ass OP acting like he's being charged with a crime
It’s in the article
The money that enabled him to start Rocawear is more appropriately the foundation of his wealth. I see what you mean though.
Iconix is a Russian company?It’s not rocket science the Russians overpaid for rocawear the SEC want to know why
Which part of the article? Cut and paste it for me.
They wrote down the value of the company
Yes
Not in 2007.
The company was sold in 2007 for $200 million.
In 2016 they claimed the value of the company was down over 100 million.
Because the value of a company decreases substantially after 9 years doesn't mean you overpaid for it 9 years ago.
Are you under the assumption that there wasn't a 9 year gap in time?
Do you have receipts for that?
No, I was assuming that this is what they want to talk to Jay about
Nothingburger
Nah cuz it was the 92 bricks that he lost. In his book he wrote that he made it all back by hustling on the corner for 3 days straight eating only the cookies he had in his pocket.
Can you picture this in your mind? Jiggaman actually thinks his audience is so dumb...which they are sadly. Who would front him ANY weight after he lost 92 bricks? If a dealer lost 92 dime bags he And his fam would all be dead...92 bricks lmfao
And then expect people to believe he slanged all weekend long to recoup...imagine how many dime bags he would have had to sell to make the equivalent to 92 bricks. And where was he storing all this crack? He must have been making a ton of laps back home to keep reupping.
This story gets dumber every time I think about it.
This is from the Washington Post in terms of what they want to talk to him about:
"In 2007, New York-based Iconix Brand Group paid Carter more than $200 million for Rocawear, an apparel brand co-founded by the hip-hop star. But in March 2016, Iconix lowered the value of Rocawear by $169 million, according to the SEC. It lowered the value again this past March, by $34 million. The SEC says it is investigating whether Iconix broke any securities laws related to financial reporting.
Investigators want to ask Carter about his relationship with Iconix, among other things, according to the SEC application for a subpoena enforcement action."
Among other things, is likely a reference to the 92 bricks.
This is also from the Post:
"The company, which began 40 years ago as the shoe company Candie’s, has grown to include more than two dozen American brands, including Danskin, Umbro and London Fog that the company licenses to mainstream retailers. Iconix has faced a series of troubles in recent years, including slipping sales and a number of high-profile executive departures. It posted a $557 million loss last year, while annual revenue fell 7 percent to $226 million.
Demand for many of its brands is also waning, as retailers like Sears, Kohl’s and Macy’s struggle to keep up with changing consumers habits. Last year Iconix sold two of its best known brands, Badgley Mischka and the Sharper Image, as well as a majority stake in Peanuts Worldwide."
Just seems like a company that can't adapt and is going to be filing for bankruptcy soon, SEC thinks they are doing some shady accounting shyt on their way out the door apparently.
SleezyBigSlim
Banned
White supremacy not gone let rich black men thrive. I knew they were gona go after Jay since him and his wife been taking a pro black stance. fukk da feds. When he comes out of this he gone be on some fukk crackers shot and I can't wait.
SleezyBigSlim
Banned
That's why he's not testifying. You ain't got to show up for a subpoena although you're supposed to. I hate them thangs tbo because they will hound you. My x girl lawyer did that shyt to me. I lied on the stand for her and she got off. Was facing 5 year. She returned the favor I was riding dirty once. Got pulled over, she was with me. She knew the cop who was a brehif he testified does that qualify as snitching?
He let me go. Woulda neen a felony
