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Jay Z is under increasing pressure to back out of collaboration with Barneys New York after it was accused of racially profiling two black customers earlier last week. The rap mogul made his first statement about the controversy. According to usatoday, Jay Z claims he’s being unfairly “demonized” for not speaking on the incident right away because he is waiting on all the facts, “I move and speak based on facts and not emotion.” He also dismissed reports that he would profit from the collaboration and he is ‘not making a dime” from working with Barneys. Instead, his Shawn Carter Foundation, which provides college scholarships to economically challenged students, will get 25 percent of all sales from the collaboration. “I am against discrimination of any kind but if I make snap judgments, no matter who it’s towards, aren’t I commiting the same sin as someone who profiles?” Valid point, but Jay knows the saying ‘Mo Money, Mo Problems.’