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Jay Z, known legally as Shawn Carter, has sold drugs, spit rhymes, steered Def Jam Records, and started restaurants, clothing lines, sports agencies, and streaming music services. Now he's going after the big bucks. The rapper/entrepreneur is launching his own venture capital firm, aimed at funding seed-stage companies.

It's not Jay Z's first foray into investing, but it might be his biggest.

Before Donald Trump was elected president, there were many questions about the ethical conflicts he might face if he failed to divest himself from his many business ventures. After his election, the Citizens for Responsibility and Ethics in Washington even filed a lawsuit citing those concerns.

But perhaps those worried that business interests would invade the White House were worried about the wrong Trump. In a libel lawsuit against British tabloid the Daily Mail, Melania Trump appears to consider her role as First Lady to be a "unique, once-in-a-lifetime opportunity" to make millions of dollars.

Frank Ocean, the singer-songwriter that gained repute in 2011 with his hit single Novacane, has recently been sued by his own father for libel, defamation, sinning, and more. The lawsuit stems from a Tumblr blog post that Ocean published as a reaction to the Pulse Nightclub shooting that took place on June 12, 2016. Ocean, who identifies as gay, was shaken by the shooting at the nightclub, which was a popular spot for the gay community, and published his thoughts on the tragedy on Tumblr. Through the lawsuit, he is seeking $14.5 million.

In the Tumblr post, Ocean recalls the first time he heard the use of the pejorative f-word used to demean homosexuals. Allegedly, Ocean was with his father at a diner, when his father used the word to describe a transgendered waitress. Then, Ocean and his father left, and Ocean recalled that his father said the waitress was dirty. Additionally, Ocean remarked in that same post that the same day his father did that, was the same day his father left him. Previously, in a New York Times profile, Ocean refused to say anything about his father other than that he left when Ocean was 6, and that he was a failed musician who "went crazy."

Robert O. Young, the creator of the pH Miracle Diet, which was praised by Kate Hudson, was arrested in 2014 and convicted in 2016 of practicing medicine without a license. He is still out on bail as he awaits a retrial on several charges that a jury could not reach a decision on. However, based on the three charges he has been found guilty of, he is looking at about three years in jail.

The pH diet he created is, according to experts, completely bogus. Unfortunately, before it became widely known that Young's diet was basically a scam to cheat the terminally ill and their families, thousands of people bought into his claims of acidity being the root of all evil. He sold millions of books worldwide, and even opened up the "pH Miracle Ranch" where he treated (or, more aptly, scammed) approximately 15 individuals claiming that an intravenous solution of baking soda would cure them.

The individual that hacked into Jennifer Lawrence, Kate Upton, and other celebrity iCloud accounts was sentenced to 9 months in prison and $5,700 in restitution for his crimes. The hacker used a targeted phishing scheme that tricked the celebrities into revealing their login credentials. Once he had their credentials, he was able to login to their accounts and access the private information as well as intimate photos of Lawrence, Upton, and other celebrities.

Surprisingly, the hacker is not being charged with selling, posting, or distributing any of the information he downloaded or accessed illegally. His plea agreement was only to one count of unauthorized access of a protected computer. While the maximum sentence for that crime is 5 years, the prosecution was agreeable to the short 9 month sentence.

America's first celebrity president is having a bit of trouble finding celebrities to perform at his inauguration. While the list of confirmed performers sits at the Mormon Tabernacle Choir and 16-year-old former America's Got Talent singer named Jackie Evancho, the list of those who've declined Donald Trump's invitations includes varied luminaries from Elton John to Garth Brooks and Andrea Bocelli to Kiss.

One group of performers' famous legs were straddling the fence on whether to perform for the infamous President-elect: initial reports said the Radio City Rockettes were being forced by their employer to dance at the inauguration, but it now looks like participation at the event will be voluntary. So how many will show?

The battle between the IRS and Michael Jackson's estate is heating up. While trial is not set to begin until 2017, the end result could make this a billion dollar case. The dispute centers around the value of Michael Jackson's likeness rights at the time of his death. The IRS claims that these rights were worth approximately $434 million, while the estate asserts that these were only worth about $2,100.

Most recently, the court has decided to exclude expert analysis on the valuation of Jackson's image. However, it has required certain key members of the legal team from Jackson's estate to be deposed, as well as one of Jackson's former business managers. Since this case has been pending since shortly after the pop star's death, nearly half a decade ago, the legal fees have become astronomical. It is estimated that by the time the case is through, if the IRS prevails, the estate will owe nearly $1 billion.

5 Child Actors Who Were Emancipated

The stories of kids becoming emancipated from their parents are rather rare. In Hollywood, though, it is not uncommon for the young actors and actresses to seek emancipation. The reason young actors seek emancipation usually revolves around two main reasons: financial mismanagement of their earnings, and getting around child labor laws.

While some of the stars below that were emancipated had the blessings of their parents, others sought their freedom over parental objections and ruined relationships.

Appeals Court Reverses Jesse Ventura's $1.85M Damages Award

A brief barroom brawl has been the subject of a protracted legal battle, one that has outlived one of the brawlers. In 2006, Chris Kyle wrote an anecdote in his best-selling autobiography American Sniper in which he punched out a man called "Scruff Face" for speaking ill of Navy SEALs in Iraq. Scruff Face was later revealed to be Jesse Ventura -- a former Navy SEAL himself and former Governor of Minnesota, who fought back legally.

Ventura sued Kyle for defamation in a case that lasted longer than the sniper himself. Kyle is now deceased and Ventura was awarded $500,000 in damages for the defamation, plus $1.35 million of the profits from Kyle's book based on unjust enrichment. But today an appeals court overturned that award, according to The Hollywood Reporter.

Pop Star Inspires Law: Minnesota Considers PRINCE Act

Minnesota produces corn mostly and one pop star particularly, a giant who was also tiny, the deceased artist known as Prince. Since the musician died on April 21 last month, there has been much discussion of the man and the myth, even in legislative circles.

This week, a Republican lawmaker from Prince's home state of Minnesota proposed a bill to guard against exploitation of a voice, name, signature, and image of a person for at least 50 years after their death, according to The Hollywood Reporter . The bill is called the PRINCE Act, and it stands for Personal Rights In Names Can Endure.