Posted by Adam

Monday April 20, 2009

Jay-Z has jumped to the defense of Olmypian Michael Phelps over his recent pot-smoking scandal.

“You look at all these people who graduated from Princeton and Harvard, who are supposed to be pillars of the community — every day [they’re] in the newspaper arrested for some kind of financial fraud,” said the 99 Problems hitmaker. “Then you look at someone like Michael Phelps. He’s 23. What’s he gonna do? He’s a kid. He’s going to experiment.”

The rapper, real name Shawn Corey Carter, went on to say, “They say there’s no honor among thieves — that’s not really true. When I was on the street . . . if you back on your word [out there], they don’t take you to court. You can cause yourself some real problems.

:When I first came into the music business, I;d have these conversations with executives and we;d shake hands on something, and the next time I saw them they’d say, ‘I never said that.’ So I’d say there’s no honor among businessmen.”

Tags: jay-z, michael phelps