News: Govt. Questions Jiggaman's Involvement In 'Racino' Project

Apparently the quasi-King of NY has more aspirations around town than simply bringing the Nets to Brooklyn...he may just now have one more problem as well...

Reports have been surfacing about a new federal probe that calls into question Jay-Z AKA Sean Carter's involvement and investment in the New York City "Racino" Project that aims to put slot machines in the old Aqueduct Racetrack in Queens, was in any ways affected by his relationship with governor David Paterson. Specifically, Hov's decision to invest with the company Aqueduct Entertainment Group (AEG) is being scrutinized...

Apparently just days after "chumming up" with Governor Paterson during their work together to promote Jay's 9/11 tribute concert at Madison Square Garden this past August, AEG's chairman pushed to have the mogul purchase a 7 percent stake in the company.

When asked for a comment about Jay's "recruitment" to the company through Paterson, an AEG spokesman said "The partners were looking to bring in someone who could bring marketing and community advice to the team.

-BIG D O