When last seen, thug rapper Jay-Z was chillin' in the White House Situation Room. His situation involving the very shady Aqueduct casino deal now has him running for the hills.AEG's bid to run video slots at Aqueduct looked ready to be put down yesterday.Gee, ya think?
Queens minister Floyd Flake and rapper Jay-Z bailed out as key local partners in the Aqueduct Entertainment Group, while Gov. Paterson's office threatened to kill the deal.
"The deal is circling the drain. It's on its way to being dead," an insider told The Post.
State and federal authorities are probing accusations that the selection of AEG was rife with corruption and favoritism.
Flake's backing-out came just hours after NYPost.com broke a story that Paterson's senior advisers -- in a letter to AEG -- vowed to disqualify the winning bidder for failing to submit all of its investors to rigorous background checks to obtain a gaming license. The deadline to comply was yesterday.
The license review includes a criminal-background check and examination of five years' worth of tax returns -- including spousal income. It also includes a rigorous look at all other business dealings and associates.
Although Flake and Jay-Z were named as investors, neither applied for the gaming license and never submitted to pre-screening by the state.
Sources said Flake and Jay-Z may have been concerned about the extensive prying into their finances and associations.
This should be another nail in Paterson's political coffin, since he's the one who improperly gave AEG the contract.
Funny how quickly these folks bail out when they're hit with subpoenas.
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