The Inc record exec scooped up

[Marcus]

Sup DangaRanga. Cant w8 to buy ur CD bootleg style. The otha sad side of hip hop

but this Inc drama keeps gettin crazy. I keep 4getin its a music biz with all the nonsense.

& lawyer in jail too

[Hmph]

Irv Gotti himself was picked up today.

now correct me if I'm wrong, if you pick a name such as "Gotti", wouldn't that draw attention to you and your activities anyway?

I was all worried when Missy Kitty changed her name to Kitti because of all the animals she's shaking down in the neighborhood. only a matter of time before the SPCA issues an indictment. but question is how will they get the other animals to talk. but I digress.....

so anyway, guessing lots of names will be dropped now or he may stay true to form and "stay hard" dawg like Shyne for then Puffy. well, maybe Shyne should let him know how his experience at Riker's has been before he decides to stay hard

http://www.cnn.com/2005/LAW/01/26/rap.i ... index.html

Rap mogul surrenders in drug money investigation
Indictment charges label for Ja Rule, Ashanti

Wednesday, January 26, 2005 Posted: 4:06 PM EST (2106 GMT)

NEW YORK (AP) -- The hip-hop label behind music superstars Ashanti and Ja Rule was part of a murderous criminal enterprise that protected its interstate crack and heroin operation with calculated street assassinations, federal authorities charged Wednesday.

Label head Irv "Gotti" Lorenzo and his brother Christopher surrendered to the FBI on money-laundering charges Wednesday as federal prosecutors unsealed an indictment seeking to confiscate Irv Gotti's real estate and business holdings.

Gotti's childhood friend, Kenneth "Supreme" McGriff, one of New York's most notorious drug kingpins, was charged with murder, racketeering and other crimes that prosecutors said were intended to eliminate and intimidate potential witnesses.

McGriff already is in prison on a relatively minor gun charge.

Prosecutors said McGriff and the Gottis funneled hundreds of thousands of dollars in McGriff's drug profits through The Inc., a chart-topping label owned partly by Def Jam, a subsidiary of Universal Music.

Recording in a studio dubbed "The Crackhouse," The Inc. has sold about 20 million records behind Ja Rule and Ashanti, who were not charged in the indictment. Ja Rule's current album, "R.U.L.E.," peaked at No. 7 on the Billboard chart. Ashanti is now appearing in the movie "Coach Carter," which debuted atop the box office list two weeks ago.

The charges were not expected to have a major impact on Universal. A source familiar with the Universal/Gotti joint venture said the arrangement would be dissolved if Gotti is convicted. A Universal spokesman declined to comment.

Defense lawyer Gerald Lefcourt said the Gotti brothers had been unfairly targeted for trying to help a respected figure from their rough Queens neighborhood. "I think it's a perfectly legitimate operation," Lefcourt said Wednesday. "Ultimately I expect Irv and Chris to be vindicated."

McGriff's lawyer, Robert Simels, said his client told him from prison Wednesday "that it's a shame that people who tried to help him in a legitimate way are involved in defending themselves in a criminal case."

The indictment charges McGriff and his associates with running a drug operation stretching from New York through Baltimore into North Carolina.

McGriff and his partners delivered hundreds of thousands of dollars in drug proceeds to the Manhattan offices of Murder Inc., according to the indictment. In exchange, Irv Gotti paid McGriff's travel and hotel expenses and cut him checks from Gotti's personal and business accounts, prosecutors charge.

The indictment charges McGriff and several associates with the murder of potential government cooperators Dwayne Thomas and Karon "Buddha" Clarrett outside a Baltimore-area stash house in August 2001. They also are charged with the slaying of up-and-coming rapper E-Money Bags that summer.

McGriff, 44, founded the Supreme Team, once one of the city's most violent drug crews. Investigators suspect that after he finished serving about nine years for drug conspiracy in 1997, he set about reviving his lucrative -- and deadly -- drug-dealing operation.

Federal agents closed in on McGriff and the Gottis in recent months with arrests that netted Ja Rule's manager and a bookkeeper for The Inc., who also are named in Wednesday's indictment. At least five other defendants, including associates of McGriff, already have been charged.

The Inc. was founded as Murder Inc. in 1997. Gotti changed his label's name last year to deflect negative publicity from the investigation.

[Hmph]

well, well, well, turns out this ISN'T the first time Irv Gotti has been arrested on similar charges. I was searching for story which aired on news and there were other instances of previous arrests stories, but not the recent one from today. here's one of them.

http://www.rapbasement.com/modules.php? ... le&sid=495

[Marcus]

These people r so grimy they will just start paying folks off or bumpin em off. Or when convicted won't give up n e info becuz he's got cash stashed all over so that when he gets out he's still living large.

Too bad so sad or not really. No sympathy. They know what they're doing & made their choices.

[Hmph]

ok talk about not too bright.

i'm channel surfing and land on the biography channel and some story's on called notorious about none other than manhattan's notorious organized criminals, namely lucky luciano.

luciano ordered hits on people under the name of a group called Murder Inc.

now correct me if I'm wrong, if you're engaging in illegal activity, why would you pick the name Murder Inc. for your record company and then have the fictitious name of Gotti. did ya not think that would draw the attention of the same New York feds who prosecuted the SAME folks previously? or were they not supposed to notice?

boy I tell ya, never ceases to amaze me.

but I guess if you wanna be a real life thug, eventually the real life thug reality will catch up.

and I hope this makes Don Diva Missy Kitti change her name back to my sweetie pie kitty soon. I'd even be willing to help her remove the next mouse, lizard, or bird she drags in here if she does.

[Vinnie]

now correct me if I'm wrong, if you're engaging in illegal activity, why would you pick the name Murder Inc. for your record company and then have the fictitious name of Gotti. did ya not think that would draw the attention of the same New York feds who prosecuted the SAME folks previously? or were they not supposed to notice?

But dunno kiddo