MAN ACCUSED OF HOLDING LIL WAYNE HOSTAGE EXPLAINS HIS VERSION OF EVENTS; LIL WAYNE DENIES RUMORS.

One day Lil Wayne is gonna mess around and screw over the wrong person and get the crack slapped off of his lil petite ass. He gon learn, though.

Rumors of Lil Wayne and his manager Cortez Bryant being held hostage by a Chicago-based promotions company looking to settle a money dispute are not true, Bryant tells Allhihpop.com. Reports suggested that members of Wayne's crew and security staff were assaulted and held against their will on Dec. 29 by Ming's Dynasty Records and The Ark Entertainment until the artist returned their two previous payments to him for concerts that he never performed. Following Wayne's Dec. 29th performance at Chicago's Premier Entertainment Center, Wayne also reportedly failed to show up at an after party thrown by the same promoters, which resulted in the alleged hostage situation. "That is just a rumor," Lil Wayne's manager Cortez Bryant told AllHipHop.com. "We are on the road grinding. We are on the way to Minneapolis for a show tomorrow. We never got held hostage at all."

Big Ming, CEO of Ming's Dynasty Records, explained to AllHipHop.com his version of events, stating the dispute dates back to several Lil Wayne no-shows last summer. Ming said: "We paid Lil Wayne to do an after party, along with Ark Entertainment. Ming's Dynasty Records did the Chicago Summer Jam. Lil Wayne was the headliner, along with Jeezy, Fat Joe, Yung Buck, and Fabolous, at the Allstate Arena. He didn't make it to the after party; we gave him $15Gs and he didn’t make it." According to Ming, after several failed attempts to collect a refund on the payment, he made the decision to arrange another after party appearance, when he booked Wayne for the Dec. 29 event. "Since Lil Wayne’s so hot right now, they wanted another $7500," Ming explained...

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"But he didn't make this after party either. So basically, at this point it's two after parties missed, that they got paid to perform in August. And now here it is, almost the 1st of January. So you know, just like any consumer, I paid for a service, I didn't get the service. So I wanted a refund. The thing is, I realize how hard it is to catch these guys once they leave Chicago. So representatives from Ming’s Dynasty Records and The Ark Entertainment just went to his hotel and just requested the money. So, they came up with the money. So it was all good. It was just a situation where I didn't wanna try it again, I didn't wanna try to fix it again, because the same thing [would've] happened again."

Ming denies that he and his crew held Lil Wayne and Cortez hostage, but he said things did get a bit tense inside of the hotel room.

"Nobody really got roughed up or nothing like that," Ming said. "I mean, Wayne made over $200,000 [with] Ming's Dynasty Records over the last months. So I would think we got a good relationship, we can [continue to] have a good relationship. I hope they understand that it’s just business."