Yusuf Bey IV
| Yusuf Bey IV | |
|---|---|
| Born |
Yusuf Bey IV 1986 (age 30–31) Oakland, California |
| Occupation | Baker |
| Criminal charge | Murder |
| Criminal penalty | Life imprisonment |
| Criminal status | Incarcerated |
Chauncey Bailey was an American journalist who was murdered in Oakland, California in August 2007 to prevent him from publishing an investigative piece into the finances of Your Black Muslim Bakery.
Bailey was shot and killed while working on a story about the finances of Your Black Muslim Bakery, involving its pending bankruptcy. After the shooting, the Post publisher Paul Cobb revealed on television that, prior to Bailey's killing, Cobb had withheld from publication a story that Bailey had written earlier, saying only that it was about "things like" what happened to Bailey. He later stated that the police had asked him not to reveal anything about the matter. On August 6, 2007 a former employee of the bakery, Ali Saleem Bey, who is not a relative of the bakery's owner, but who adopted the Bey name, revealed that he was Bailey's source for the withheld story, which the Post had decided was not ready for publication. Bailey had asked Bey to give him the story.
According to Ali Bey, the bakery business had been seized from its rightful heirs in a coup through fraud and forgery, by a ruthless, younger branch of the family, beginning with Antar Bey and culminating with the current chief executive officer, Yusuf Bey IV. Ali revealed that in June 2005, John Bey, the former head of the Bey security service, was driven out of town with his family after an attempt on his life in a shooting outside his home. John had tried to expose the fraud behind the coup. In 2005, Antar Bey mortgaged the bakery property, to cover back taxes and other debt, and then defaulted, which led to threat of foreclosure. An attorney for the Post also confirmed that Bailey had been working on the story about the "financial status of the organization" and including the possibly criminal "activities of a number of people who were working in the organization".
On October 24, 2006, Your Black Muslim Bakery, Inc. filed for Chapter 11 bankruptcy, listing its CEO as Yusuf Ali Bey, otherwise known as Yusuf Bey IV. With $900,000 in debts, owed mostly to the mortgage holder, the building was about to be foreclosed upon. The remaining debt, $200,000, was owed to the Internal Revenue Service. The day after Bailey's death, on August 3, 2007 U.S. Bankruptcy Judge Edward Jellen ordered the case to be converted to Chapter 7 liquidation effective August 9, 2007.
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