Listen Live
HotSpot ATL Featured Video
CLOSE
Jay Z

Prince Williams / Getty

This is messed up…..someone cashed out by just dropping the jigga mans name.

Via | NYPost

A Long Island firm lied about having ties to Jay-Z’s entertainment company Roc Nation to bilk investors out of $70 million in a Bernie Madoff-style scheme, according to court papers and alleged victims.

Among the investors in the credit-card company were Ben Brafman, the high-profile criminal-defense lawyer representing “Pharma Bro” Martin Shkreli, and Charles Al­pert, heir to the Alpert family’s textile and real-estate fortune, sources told The Post.

Cardis International, which is based in Cedarhurst in Nassau County, is being probed by federal prosecutors in Central Islip over the alleged fraud, according to the documents and sources.

Read Full Story HERE ! 

 

Firm Uses JayZ’s Name For Ponzi Scheme  was originally published on zhiphopcleveland.com