One of the men, Ronald Washington, had long been suspected of being involved in the hip-hop pioneer’s execution-type murder at his studio in Queens, the source said.
Jay, 37, real name Jason Mizell, reportedly raised $ 15,000, while a pal put in an additional $ 15,000 to buy a total of 2 kilos of coke which the couple then planned to return and sell.
Mizell was new to drugs and was just hoping to make a quick buck, sources told The Post around the time of his murder.
But the middlemen who were Mizell’s friends would have taken money and drugs instead and split up.
When drug suppliers demanded their paste again, Mizell was reluctant to pay more, sources said.
“He said he got robbed, [too], and could not reimburse them, ”the former probationer said.
” After a while, [the suppliers] said ‘F – k it’ and killed him, ‘the source said. “It looked like he had no way or intention of paying them, and they shot him.
“It was always about drugs and money owed,” the source said. “They all knew each other.”
Mizell’s killers had been pushed into his Jamaican studio that day because they were known to the neighborhood, the ex-investigator said.
There were three witnesses who saw them, the source said – though the witnesses were all reluctant to speak. One of them ultimately identified Washington as one of those invaded, but that was not enough for an arrest at the time, the source said.
The name of the second suspect, Karl Jordan Jr., eventually landed on investigators’ radar because he had a relative involved in convicted drug trafficking for which Mizell was killed, the source said.
When the federal government first took over the case, they believed the murder was linked to a team of thieves targeting Southeast Queens and Long Island, the source said.
But then it quickly became clear that “it was always about drugs and money owed,” the source said.
Washington is already behind bars for theft, while Jordan, 36, was arrested on Sunday, sources said.
“I am happy that they finally made an arrest in this case,” said the former investigator. “We worked long and hard on this when it happened.”