Tag Archives: money laundering

Today In Hip Hop History: Irv and Chris Gotti Surrender To The FBI 17 Years Ago

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On this day in 2005, millennial music powerhouse Murder Inc. was put under pressure by the FBI, thus, forcing the surrender of label heads and brothers Irving and Christopher Lorenzo aka the Gotti Brothers on money laundering charges.

The FBI spotlighted the Gotti brothers as record execs with criminal ties, alleging that the Murder Inc. imprint was merely a front to launder proceeds from Kenneth “Supreme” McGriff’s underworld enterprise, The Supreme Team. Following McGriff’s executive-produced, full-length 2003 film Crime Partners, the Bureau claimed that the soundtrack to the movie, among other avenues of income of Murder Inc. was used to launder Supreme Team drug money and raided the Murder Inc. offices.

The Lorenzo brothers plead not guilty in their case against the FBI, spending upwards of $10 million in legal fees in their case against the government. Nevertheless, the brothers came out victorious, winning their case against the U.S. government and clearing their names, even with the government’s 98% conviction rate.

In an era where rappers getting indicted AND convicted by the government is virtually a normal occurrence, the big win for Murder Inc. was a win for Hip Hop and emphatically a piece of Hip Hop history!

The post Today In Hip Hop History: Irv and Chris Gotti Surrender To The FBI 17 Years Ago appeared first on The Source.

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Today In Hip Hop History: Irv And Chris Gotti Surrender To The FBI 16 Years Ago

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On this day in 2005, millennial music powerhouse Murder Inc. was put under pressure by the FBI, thus, forcing the surrender of label heads and brothers Irving and Christopher Lorenzo aka the Gotti Brothers on money laundering charges.

The FBI spotlighted the Gotti brothers as record execs with criminal ties, alleging that the Murder Inc. imprint was merely a front to launder proceeds from Kenneth “Supreme” McGriff’s underworld enterprise, The Supreme Team. Following McGriff’s executive-produced, full length 2003 film Crime Partners, the Bureau claimed that the soundtrack to the movie, among other avenues of income of Murder Inc. was used to launder Supreme Team drug money and raided the Murder Inc. offices.

The Lorenzo brothers plead not guilty in their case against the FBI, spending upwards of $10 million in legal fees in their case against the government. Nevertheless, the brothers came out victorious, winning their case against the U.S. government and cleared their names, even with the government’s 98% conviction rate.

In an era where rappers getting indicted AND convicted by the government is virtually a normal occurrence, the big win for Murder Inc. was a win for Hip Hop and emphatically a piece of Hip Hop history!

The post Today In Hip Hop History: Irv And Chris Gotti Surrender To The FBI 16 Years Ago appeared first on The Source.

Click Here to Discuss in the Forums

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Pras Of The Fugees Says Feds Targeting Him In Money Laundering Scheme Because He’s Black

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Source: Sheri Determan/WENN.com / WENN

Pras Michel of Fugees fame was named in a money laundering scheme involving wanted fugitive Jho Low, but he’s urging the public to not take the current news as true. According to him, Pras believes the Justice Department is singling him out because of the color of this skin.

TMZ reports:

Pras says he doesn’t know why the Dept. of Justice is putting him at the center of a scheme to help a Malaysian financier funnel millions into the country — but he’s got a hunch it’s due to his skin color.

We got the Fugees rapper at LAX where we asked him about this crazy new civil lawsuit filed by the U.S. DOJ. He’s accused of conspiring with Jho Low in 2017 to sneak tons of cash into U.S. bank accounts. Allegedly, Low’s intention was to bribe DOJ officials to influence a criminal probe into his alleged misuse of international dough.

The feds filed suit to recover some of those funds — but Pras is not listed as a defendant. He’s mentioned because of his business dealings with Low. The DOJ’s still investigating and says criminal charges against Low and/or Pras could be coming.

Complicated, right? That’s how Pras reacted to the allegations, but he did have one possible explanation for the suit … they’re pointing at him because he’s black. At least that’s the “vibe” he’s getting.

In all, Low is connected to other celebrities such as Leonardo DiCaprio, who had to return the Oscar awarded to Marlon Brando to authorities after the Malaysian businessman gifted him with the trophy.

Photo: WENN

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