Cam'ron Reveals Jay-Z/Charli Baltimore Romance at Press Conference

ImageCam'ron held a press conference today (January 25) to address the Jay-Z beef and announce plans for his Diplomats crew.

During the event, held at New York's Tribeca Cinemas, the Dipset capo said that he may be fined because his release from Def Jam stipulated that he couldn't dis Def Jam or any of its figures. Under the agreement, Cam could be fined $100,000 every time he negatively mentions the label.

However, that didn't seem to stop the Harlem native of making light of Hov's recent signing of Nas.

"I think that's a good move for Jay-Z," Cam'ron said. "If anybody can bone somebody's baby mother and bring them on stage to give them five, [then] you look good. It makes Jay-Z look hardcore."

Cam kept the sarcasm coming, denying that he was intimate with Beyonce before and stressing that Hov was in love with Charli Baltimore.

"A lot of people thought it [Lance "Un" Rivera stabbing] was about a bootleg CD," Cam explained. "It was about Charli Baltimore. He love her."

Since the dis has been released, Cam has hinted that he's ready to go 15 rounds with President Carter. On the other hand, Hov has revealed that he doesn't plan on retaliating. Cam says he's not likely to drop the other records.

"At the end of the day, I'm not gonna keep beating up on an old man," Cam mocked.

Upon being asked if he spoke to 50 Cent or expected to collaborate with the rapper, Cam quickly replied, "No, no.. Next."

Cam'ron also addressed recent reports about Juelz Santana getting into an altercation with a Def Jam employee, word is Santana is not allowed in the building.

"He got a month off because of a little incident," Cam remarked. Cam also denied that Juelz was being dropped from Def Jam.

Cam also took the opportunity to announce the releases of his Killa Season album and movie as well as releases from JR Writer, Hell Rell, Duke The God, Juelz and Jim Jones. The rapper is also launching a new web site,, which will feature a video show.

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