Mystikal was arrested Thursday (July 18) on charges of aggravated rape and extortion.
The rapper and two other men surrendered to Baton Rouge, Louisiana, authorities in the morning, and Mystikal was released in the afternoon on $250,000 bond, according to the Associated Press. Bond has not been set for the other men.
Mystikal, Leland Ellis and Vercy Carter are accused of threatening to turn a 40-year-old female acquaintance in to police for cashing unauthorized checks from the rapper's bank account if she did not have sex with them.
The police report alleges the rapper, whose real name is Michael Tyler, demanded oral sex from the woman at his house at approximately 8 p.m. on July 3 before inviting the men over. Each of the three men then had sex with her, the police report says.
"During the attacks, the victim was repeatedly threatened with prosecution of the checks and great bodily harm," according to a statement from police. "The victim was allowed to leave the residence after the attacks. She was treated and released at a local hospital."
If convicted on the rape charge, Mystikal would face a mandatory life sentence, a police spokesperson told AP. Extortion carries a prison term of one to 15 years.
The rapper's lawyer was not available Thursday night, nor was his Jive Records spokesperson.
Mystikal, best known for "Shake It Fast" and "Danger (Been So Long)," said last month he is working on the follow-up to last year's Tarantula (see "Danger! Mystikal Threatens New Album By Year's End").
The week after his album Ghetto Fabulous was released in 1998, the former Master P protégé was arrested in Louisiana on a felony weapons charge and a misdemeanor drug possession charge (see "Mystikal Facing Pot, Gun Charges").