I did an analysis of it on Quora
http://qr.ae/TcyFx and a law professor did a far better job:
http://slu.edu/Documents/law/Law%20Journal/Archives/LJ56-2_M...There's also the Rap Genius analysis: http://rapgenius.com/Jay-z-99-problems-lyrics#note-17560
(IANAL, of course, nor am I a rap musician or interstate cocaine trafficker)