Randy Allen Not A Suspect In JMJ Slaying, Man Wanted For Questioning Arrested

Jam Master Jay's business partner and Rusty Waters rapper Randy "MDR" Allen has come forward to dispel the theory that he took part in an insurance scam that resulted in Jay's death.

"This is completely false. The NYPD has never considered me a suspect," Allen told AllHipHop.com. "I have nothing but love for Jay. It's crazy that people would think that, I would never do anything to hurt him or his legacy."

The theory was that an insurance policy was taken out on business partner's Jam Master Jay and Randy Allen, should anything happen to either of them in their recording studio, the other would collect.

"There is no insurance policy for $500,000. That's false. I didn't have anything to do with any of this," Allen continued. Allen's legal representatives said that Allen does not posses a joint insurance policy with Jam Master Jay.

Lyor Cohen, Chairman of the Island Def Jam Music Group, and close personal friend of Jam Master Jay also told AllHipHop.com that the theory had no validity. "I am probably closer to this case than anyone.

I have several prominent attorney's working on this, and this theory has no truth to it. I don't know if someone is trying to shift the focus, but this is not true."

Family members of Jam Master Jay's said that Allen has their complete support.

Meanwhile, a man wanted for questioning in the Jam Master Jay slaying was arrested Monday (Dec 9).

Ronald "Tinard" Washington was arrested after he and an associate, Ernest Williams allegedly robbed a motel in Floral Park, New York.

The duo were apprehended after a 20 minute car chase.

Washington initially gave police a fake name, but his fingerprints revealed his true identity.

Police suspect that Washington may have served as a lookout, while Jam Master Jay's killer entered the studio on Oct. 30, 2002 and gunned down the legendary DJ.