Jay Z releases a statement

Barneys NY has recently come under fire for 2 alleged incidents of racial profiling involving black consumers.

In response to the avalanche of negative press surrounding his business affiliation with Barneys, Jay Z's publicist released a statement on Saturday making him out to be the victim.

"I move and speak based on facts and not emotion. I haven't made any comments because I am waiting on facts and the outcome of a meeting between community leaders and Barneys," Z was quoted as saying.

"Why am I being demonized, denounced and thrown on the cover of a newspaper for not speaking immediately?"

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Jay Z Beyonce TI and Tameka attend 4040 Club 10th Anniversary

Rap stars, actors, wealthy socialites, reality TV stars and professional athletes joined rap mogul Jay Z and his wife Beyonce to celebrate the 10th anniversary of the Grand Opening of Jay Z's 40/40 Club and Sports Bar in NYC on Monday, June 17. Sharply dressed stars attending the shindig included rapper T.I. and his wife Tameka Harris; singers Maxwell, Adrienne Bailon, Kylie Minogue and Jessica Sanchez; women's tennis superstar Serena Williams; NY Knicks star Amare Stoudemire and his wife Alexis Stoudemire; and Jay Z's recent sports signees Robinson Cano and Victor Cruz, among other celebrity elite.

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7-Eleven stores raided

Nine owners of 7-Eleven stores in Long Island were arrested in a human smuggling scheme that exploited and abused illegal immigrants. The feds also plan to raid an additional 40 7-Eleven stores in NY and Virginia, The NY Times reports.

9 people -- 8 men and 1 woman -- were taken into custody in NY, and charged with wire fraud, identity theft and other charges. Among the arrested were alleged ring leader Farrukh Baig, left, and his wife, Bushra Baig.

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