JCOR Records,
launched a year ago by Mammoth Record’s founder Jay Faires, recently shut down
it’s Los Angeles offices. According to sources, the label will also close the
New York office shortly & is currently filing for bankruptcy. Sources say the
label was in financial turmoil & there are allegations that Faires took money
from employees’ 401k fraudulently. JCOR’s artists included 8Ball & MJG, Slum
Village & Masta Ace.