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Re: rap labels [Re: Scorsese] #737615
08/30/13 01:25 PM
08/30/13 01:25 PM
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DEA Agent: Gore Donation Quashed Rap-A-Lot Probe
Label spokesperson calls 'absurd' charge that political pressure, bought by alleged $200,000 gift to vice president's campaign, halted drug investigation.
By Eric Schumacher-Rasmussen

A federal drug-enforcement agent told a congressoinal committee Thursday (December 7) that his probe of Rap-A-Lot records was canceled, and he was demoted, after label head James Prince gave $200,000 to Vice President Al Gore's presidential campaign.

Prince's publicist called the charge "asburd" and said Prince "has never donated a dime to Al Gore."

"That would be like Lars Ulrich buying shares in Napster," publicist Phyllis Pollack said.

Drug Enforcement Administration Agent Jack Schumacher, who was called out on record by Rap-A Lot artist Scarface on the rapper's October album, Last of a Dying Breed, would not disclose his source connecting Prince to a $200,000 donation to the Gore campaign. California Democrat Henry Waxman said that there are no records of any contributions from Rap-A-Lot or Prince to the Gore campaign or the Democratic National Committee.

The two-day hearings of the House Committee on Government Reform, set to conclude Thursday, were the latest chapter in a 12-year saga involving Rap-A-Lot, the DEA and police in Houston, Texas. The investigation has resulted in more than 20 drug-related convictions, but Prince has never been charged.

The hearing was called to determine whether political pressure resulted in Attorney General Janet Reno calling off the investigation, an allegation denied by Houston DEA head Ernest Howard. Howard testified that he suspended the investigation because he was concerned about agents' safety and careers.

Schumacher and three Houston police officers claimed that Howard told them politics were at the root of the investigation's end. The three officers testified that they were pulled off the probe soon after California representative Maxine Waters sent a letter to Reno. Schumacher was moved to a desk job March 14, two days after Gore visited the Church Without Walls in Houston, the parish to which Prince belongs and has given more than $1 million.

Waters' letter, dated August 20, 1999, asked Reno to investigate "rogue agents from the Drug Enforcement Agency" and said that Prince feared for his life. In an October statement, Prince accused Schumacher of having "no respect for the rights of individuals."

Schumacher has been involved in six fatal shootings in the line of duty, the Dallas Morning News reported. When asked Wednesday how many people he killed, Schumacher responded that he didn't "keep count," but that he had read the number in the newspaper.

"I've been involved in probably 12 gunfights, all of which involved numerous officers and numerous criminals," Schumacher testified, adding that in such situations it's difficult to tell who is shooting whom.

Waters, Prince and the church's pastor were not called to testify. None was available for comment.

Late in the day Wednesday, the hearing's attention turned to Scarface's lyrics. In the song "Look Me In My Eyes" (RealAudio excerpt), Scarface (born Brad Jordan) accuses Schumacher of harassing him, an allegation also made by Prince in his October statement.

On "Gangsta Shit," Scarface boasts, "There ain't enough bullshit in the United States to stop this Rap-A-Lot shit."

Early Thursday, Schumacher claimed that he had been told by a confidential informant that a contract had been taken out on his life.

Re: rap labels [Re: Scorsese] #737637
08/30/13 03:25 PM
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Scorcese. A friend of mine has a pacer account and it shows that Scarface (brad jordan) got indicted in 2008 and his case was subsequently sealed and i dont think he ever did much time. Its fairly obvious he is a snitch. Just saying, for a guy who degrades snitches in his songs for him to become one is pathetic.
Thoughts?


Frank Costello: Fucking rats. It's wearing me thin. Mr. French: Francis, it's a nation of fucking rats.
Re: rap labels [Re: vinnietoothpicks26] #737648
08/30/13 04:52 PM
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didnt know that, what was he indicted for?
a sealed indictment doesnt mean hes a snitch though.

if he is a snitch, he obviously hasn't snitched on anyone from rap a lot. That label still going strong. http://www.billboard.com/biz/articles/news/5672569/rap-a-lot-records-signs-with-red-distribution
J Prince the ceo has had ties to death row financier harry o and gangster disciple leader larry hoover and is also involved with boxing promotions.

Re: rap labels [Re: Scorsese] #737651
08/30/13 05:44 PM
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Coke conspiracy. Absolutely 100% hes a snitch. Little nicky has a pacer account maybe he can vouch.


Frank Costello: Fucking rats. It's wearing me thin. Mr. French: Francis, it's a nation of fucking rats.
Re: rap labels [Re: Scorsese] #737652
08/30/13 05:46 PM
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It was a coke conspiracy, i can pull the docket information if you want. Most of the record is sealed and pleas were entered into. Considering he appeared to serve little if any time, I would be very surprised if there wasn't a bit of ratting going down. But I cannot know for sure.

Last edited by LittleNicky; 08/30/13 05:46 PM.

Should probably ask Mr. Kierney. I guess if you're Italian, you should be in prison.
I've read the RICO Act, and I can tell you it's more appropriate...
for some of those guys over in Washington than it is for me or any of my fellas here
Re: rap labels [Re: Scorsese] #737653
08/30/13 05:48 PM
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Most of these rappers are such bull shit artists. Scarface has made his living talking about how gangster he is. He is a good rapper. I had his last album with the song high powered in 08. But for a guy who calls people out for snitching to in fact be a snitch is ridiculous.


Frank Costello: Fucking rats. It's wearing me thin. Mr. French: Francis, it's a nation of fucking rats.
Re: rap labels [Re: vinnietoothpicks26] #737656
08/30/13 06:12 PM
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i didnt know he was dealing coke. If he did snitch i can sort of understand, why throw a decent career away if your being given a way out of jail. Most rappers are actors with a small minority being real gangsters. I think with scarface since hes still with rap a lot records, J Prince protects him from reprisals.

Re: rap labels [Re: Scorsese] #737657
08/30/13 06:20 PM
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Trill Entertainment
Baton Rouge, Louisiana

Trill ENT executives in hot water
May 15, 2009


Two of the managers of Trill Entertainment (also known as Trill ENT), a music label out of Baton Rouge, Louisiana, are accused of using violent threats to “further their business interests”. Melvin Vernell, Jr. and Marcus Roach are being held without bond on charges of attempted murder and other related charges. Vernell is from Baton Rouge and Roach is from Prairieville and both are accused of witness intimidation related to the 2005 shooting of Baton Rouge area rapper Beelow. Beelow is the stage name of Bruce Moore who was shot twice in the face on July 4, 2005 outside of Shop Smart Music & Fashion, a retail outlet he owns on North Sherwood Forest Boulevard in Baton Rouge. The pair is being held without bond, pending the outcome of a bond hearing.

Agents from the Federal Bureau of Investigation’s Capital Area Gang Task Force have been involved with the investigation, as well as local authorities. New charges were filed by prosecutors against Vernell and Roach on May 8, 2009. Both were charged with one count each of attempted second degree murder, illegal use of weapons, aggravated battery, armed robbery, two counts of aggravated assault with a firearm, and three counts of possession of an illegal firearm by a convicted felon. They pleaded not guilty to those charges yesterday. Lewis Unglesby and James Manasseh, attorneys for Vernell and Roach respectively, are involved today in a bond hearing.

The coordinator of the FBI’s Capital Area Gang Task Force testified on Thursday that the pair have been involved in a pattern of witness intimidation, including attempts to pay off witnesses or offering them jobs in exchange for refusing to testify. Witnesses interviewed by the FBI also contend that Trill ENT was established for the purpose of laundering drug proceeds. None of this has been substantiated, but the issue was raised during the course of the investigation.

Beelow is popular for his local hit, “It’s Whateva”. Trill ENT is the home to national recording artists, Lil Boosie, Webbie, Foxx, Big Head, and several others. Lil Boosie recently had legal trouble of his own when his house party turned into a melee, after which he was arrested. Lil Boosie is the stage name of popular rapper Torrence Hatch.

Re: rap labels [Re: Scorsese] #737658
08/30/13 06:30 PM
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I sat next to Prince (2 down) ringside at a fight at Carson CA. His fighter Kermit Cintron was fighting on the undercard and got beat. Seemed like a nice guy.


Frank Costello: Fucking rats. It's wearing me thin. Mr. French: Francis, it's a nation of fucking rats.
Re: rap labels [Re: vinnietoothpicks26] #737688
08/31/13 08:29 AM
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apart from the DEA probe that he got stopped, he was accused of having another record exec assaulted back in 2007 but the charges got dropped. http://www.hiphopdx.com/index/news/id.51...er-bun-b-single

He seems like a powerful man with alot of connections.

Re: rap labels [Re: Scorsese] #737689
08/31/13 08:31 AM
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some more jimmy rosemond news.

LA attorney who helped drug dealers agrees to quit practicing law
Federal prosecutors in New York won’t indict legal eagle Roger Rosen on charges of obstructing justice. Authorities say when Rosen’s client started talking to law enforcement about a cocaine operation, he told drug dealers about it.

Comments (2)
BY JOHN MARZULLI / NEW YORK DAILY NEWS

THURSDAY, AUGUST 1, 2013, 7:48 PM

Attorney Roger Rosen of Los Angeles has admitted he warned a drug ring leader and his cohorts about a client who informed feds about a cocaine opeartion. As part of a deferred indictment deal, he will never practice law again.
A Los Angeles lawyer known for his celebrity clientele has made a deal with feds to resign from practicing law, after authorities caught him leaking secret snitch information to members of a hip-hop impressario’s drug trafficking crew.

Brooklyn, N.Y., federal prosecutors agreed to defer indicting Roger Rosen for obstructing justice because he is seriously ill, according to documents filed Thursday in the U.S. District Court for the Eastern District of New York.

Rosen, whose past clients include actor Al Pacino and music legend Phil Spector, crossed the line with his representation of members of James “Jimmy Henchman” Rosemond’s cocaine trafficking operation from 2009 to 2010.

In December 2010, when Rosen's then-client Henry Butler started singing to the feds about the drug operation, Rosen sent notes from Butler's talks with prosecutors to Rosemond and his brother Mario Rosemond and crew member Darron Lamont Bennett.

Lawyer Roger Rosen, left, has had numerous celebrity clients, including music producer Phil Spector, right, who was found guilty of murdering actress Lana Clarkson.

“Members of the enterprise embarked on a campaign of threats, harassment and intimidation targeting the client, the client's family and [the client's] New York counsel," Assistant U.S. Attorney Una Dean stated in a letter to U.S. District Judge John Gleeson.

Butler and his wife, Leah Daniel — the sister of "Precious" film director Lee Daniels — were both charged in the enterprise. She was sentenced to probation for Ecstasy possession. Butler was sentenced to eight years for narcotics conspiracy.

Rosemond was convicted by a federal jury in June 2012 of drug trafficking and money laundering charges. He faces life in prison.

Rosen has admitted guilt and will never practice law again, according to Dean's letter to the judge. The disgraced lawyer must also forfeit $22,500 in legal fees.



Read more: http://www.nydailynews.com/news/national...4#ixzz2dY7QWStw

Re: rap labels [Re: Scorsese] #737853
09/01/13 12:59 PM
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Shake Down Entertainment, Ltd

These guys became infamous for using the flesh and blood defense usually used by sovereign citizens in court by refusing to acknowledge the states or judges jurisdiction. It worked as in it stalled the proceedings long enough that they didnt face the death penalty.
The prosecutors bolstered the conspiracy argument by noting that, unlike most Baltimore drug dealers, Mitchell and company had incorporated a legal entity for which they all worked and allegedly funneled proceeds of their drug business into: “Shake Down Entertainment, Ltd.” The group promoted rap CDs and concerts through the company, which even had its own record label, “Shystyville.

Four Drug Gang Members Convicted Of Racketeering Conspiracy Encompassing Five Murders And Drug Trafficking

Drug Operations Promoted Rap Music Business

FOR IMMEDIATE RELEASEDecember 8, 2008
Baltimore, Maryland - Following a nine week trial, a federal jury today convicted four defendants of racketeering conspiracy under the RICO statute, encompassing five murders committed in 2002 in Baltimore and Randallstown, narcotics trafficking, and other offenses, announced United States Attorney Rod J. Rosenstein.

“Four more of Baltimore’s most violent criminals will be off the streets for a long time thanks to this case,” said U.S. Attorney Rod J. Rosenstein. “Racketeering prosecutions are time-consuming, but they are making a difference.”

According to evidence presented at trial, Willie Edward Mitchell, a/k/a Bo, age 31, of Baltimore, Maryland; Shelton Lee Harris, a/k/a Rock, Little Rock, Hard Rock, age 25, of Baltimore, Maryland; Shelly Wayne Martin a/k/a Wayne, Weaze, Weazy, age 32, of Randallstown, Maryland; and Shawn Earl Gardner, a/k/a Goo, age 31, of Baltimore, Maryland, were members of a violent criminal organization which operated in Baltimore City, Baltimore County, Pennsylvania and elsewhere. From 1996 to August 2006, the defendants conspired to commit murder, armed robbery and home-invasion robbery in furtherance of the racketeering enterprise.

Mitchell and Harris were convicted of the double homicide of Oliver McCaffity and Lisa Brown on the night of February 27-28, 2002 in the Finney Avenue area of Baltimore City and of the double homicide and armed robbery of Darryl Wyche and Anthony Wyche on the night of March 24-25, 2002 in the Wabash Avenue area of Baltimore City. In both of these double murders, the victims were shot to death while they sat in the front seat of automobiles. Shawn Gardner was convicted of the murder and armed robbery of Tanya Jones-Spence on June 7, 2002 in Randallstown.

Trial evidence showed that these crimes, as well as armed robberies and narcotics trafficking offenses involving crack cocaine, cocaine, marijuana and heroin, were carried out from 1994 to August 2006 in furtherance of the racketeering enterprise. Also part of the racketeering enterprise was a company called Shake Down Entertainment, Ltd., incorporated in December 2000 with Mitchell as its resident agent. Shake Down Entertainment produced and promoted rap music recordings. One of the purposes of the criminal enterprise was to promote rap music recordings and performances.

Another purpose of the criminal enterprise was to prevent and obstruct the arrest and prosecution of gang members through witness intimidation and disruption of court proceedings. Specifically, Harris wrote rap music lyrics which included threats to cooperating witnesses and discussed the facts of some of the murders. Harris also assaulted a person in jail whom he believed was a cooperating witness in the case.

All of the defendants face maximum sentences of life in prison for the racketeering charge and conspiracy to distribute narcotics. Defendants Mitchell, Harris and Gardner face mandatory life sentences for the murders. Harris also faces a maximum sentence of twenty years in prison for witness retaliation.

United States Attorney Rod J. Rosenstein praised the Baltimore City Police Department, the Baltimore County Police Department, the Drug Enforcement Administration, and the Bureau of Alcohol, Tobacco, Firearms and Explosives, U.S. Marshal’s Service, Maryland State Police and several Pennsylvania state law enforcement agencies for their investigative work. Mr. Rosenstein thanked Assistant United States Attorneys Robert R. Harding and Michael C. Hanlon, who are prosecuting the case.

Re: rap labels [Re: Scorsese] #739155
09/10/13 05:49 AM
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1st and 15th Entertainment

The Chicago based independent label was co-founded by Lupe Fiasco and Charles “Chilly” Patton around 2002. In 2003, Chilly was caught with six kilos of heroin. Authorities allege that Patton used profits from record deals to buy heroin and sell it throughout Chicago, but Fiasco was never implicated in the case.”

Rapper Lupe Fiasco’s associate Charles “Chilly” Patton with whom he owns the record label 1st & 15th was sentenced to 44 years on a drug charge by Judge Dennis Porter. Lupe Fiasco “Wasalu Muhammad Jaco” denies any involvement, although recorded conversations of Patton and Fiasco discussed splitting up “whole yellow” and “whole red ones.” The rapper stated that they were talking about the mixing and prepping of music tracks, while a witness testified that the colors referred to $10 packets of heroin.

The Chicago Tribune reports that investigators busted Charles “Chilly” Patton with 6 kilograms of heroin, with around $1 million in street value, that he kept in a storage locker. Patton was eventually sentenced in a Cook County courtroom last month by Judge Dennis Porter in which he received the charge for in 2003. Investigators claimed that Patton used profits from record deals to buy heroin and turn it around for street sales in Chicago.
Although prosecutors did not present evidence or a link between Patton’s drug dealing and the record label he owned with Lupe Fiasco, they believed that Patton had been dealing in the early 80′s, years before he met the rapper. Lupe Fiasco and Patton officially met in 2000.
“There is a large amount of money that he received from the sales of heroin,” said Assistant State’s Attorney Patrick Coughlin. “And he was able to start up a record company.”
Even though several industry people sent in letters on Patton’s behalf, the Judge went ahead and accepted the verdict. Lupe Fiasco on the other hand denied requests for comment, he instead expressed his reaction in a letter to the court.
“I love Charles . . . I am deeply saddened by his circumstances and will stand by him and his family no matter what occurs,” Fiasco wrote.

Lupe Fiasco Breaks Bad, Rapper Accused of Stashing Drug Money
by Jack de Aguilar | 03 September 2013
The rapper could be in trouble, big trouble


Basically, everyone’s been watching Breaking Bad. That’s what’s going on. TMZ report that Lupe Fiasco, the man behind this delightful tune, has been hiding money for a convicted drug kingpin, storing millions of dollars from the criminal’s wife.
This whole fiasco will see fiasco sued by the estranged wife, whose husband Charles Patton is serving 44 years in jail for his part in a wholesome heroin business. Looks like an old fashioned family enterprise simply can’t work in modern America.
She alleges that Lupe played a part in dispersing $9m between separate bank accounts in order to hide the money from her. The confusing thing, though, is that if Patton is a convicted drug felon, then all this money will surely be seized by either the police or the IRS? Perhaps we should all take a Breaking Bad sabbatical.
In 2007, Patton was charged with running a heroin empire in Chicago. A connection between Patton’s criminal activity and the record label was never found, but prosecutors desperately tried to find one. Lupe even testified at the trial and Patton was eventually convicted of possessing six kilos of heroin.
Lupe’s lawyer told TMZ that her claims will be proven untrue at trial. “There are no secret accounts and no illicit instructions,” said the attorney. Fiasco, whose real name is Wasalu Muhammad Jaco, broke onto the hip hop scene as a squeaky clean rapper with Daydreamin’.

Re: rap labels [Re: Scorsese] #739255
09/10/13 06:19 PM
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Lupe Fiasco is my favorite mc and I knew about his business partner Chilly being incarcerated for drugs. But the 1st & 15th label is clean, no drug trafficking nor money laundry activities. Lupe the CEO and there only about a few artist on that label.


If you think you are too small to make a difference, you haven't spend the night with a mosquito.
- African Proverb
Re: rap labels [Re: Scorsese] #739266
09/10/13 07:39 PM
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@blackfamily

don't be shocked if lupe gets indicted

they had him on wiretap discussing drugs with his guy

Re: rap labels [Re: cookcounty] #739273
09/10/13 09:02 PM
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I want be shocked but upset if he was indicted. That case was 10 years ago and there's no evidence he was involved in the activity. We can't be sure what they were discussing.


If you think you are too small to make a difference, you haven't spend the night with a mosquito.
- African Proverb
Re: rap labels [Re: BlackFamily] #739400
09/11/13 03:59 PM
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apart from that wiretap discussing red and yellow packs i dint think there was any other evidence of lupes involvement , also you got to keep in mind that this chilly guy was dealing during the 80s so he was doing this way before the music and lupe fiasco came into the picture.

Re: rap labels [Re: cookcounty] #739401
09/11/13 04:01 PM
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Originally Posted By: cookcounty
@blackfamily

don't be shocked if lupe gets indicted

they had him on wiretap discussing drugs with his guy


the drug case is old and done. this lawsuit is new though but i dont see how she can prove what is drug money after all this time, even if there ever was any.

Re: rap labels [Re: Scorsese] #739442
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Matter of fact lupe wasn't born when he started his drug activity.


If you think you are too small to make a difference, you haven't spend the night with a mosquito.
- African Proverb
Re: rap labels [Re: Scorsese] #739458
09/11/13 07:11 PM
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they had lupe on wiretap talking about "red ones" and "yellow ones"

that's probably why lupe was helping him launder money

for dude not telling on lupe

Re: rap labels [Re: cookcounty] #739508
09/12/13 08:26 AM
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Pocketown records.

Drug kingpin Nate Hill was convicted by a federal jury of supplying more than 3 tons of cocaine to two of Chicago's largest street gangs, the Gangster Disciples and Vice Lords, for nearly a decade. between 1987 and June 1996, Hill's organization distributed well in excess of 3,000 kilograms of cocaine in the Chicago area.

Hill, 32, born and raised on the South Side, took the witness stand in his own defense, admitting he sold cocaine out of his garage in the mid- to late 1980s.

He contended he quit the business in mid-1990--which if true would have put his drug-dealing outside the statute of limitations and the reach of prosecutors.

In 1995 alone, he went on a more than $2 million buying spree, purchasing an eight-seat aircraft, a 73-foot yacht, a luxury speedboat and a house near Kankakee with an indoor pool and private lake, authorities said.

That same year, agents from the U.S. Drug Enforcement Administrationand local police recovered more than $2.8 million in cash of Hill's concealed in the trunk of a car in a storage facility in Alsip.

Prosecutors also alleged that Hill bought a Chicago bus company, America Tour and Travel, with drug proceeds and laundered additional money there. He also used cocaine profits to found Pocketown, which produced records and managed musical talent, authorities said.

Hill also alleged he invested more than $700,000 in drug profits to finance a movie called "Reasons," which is believed to be loosely based on Hill's life story.

With his drug money, Hill moved into the recording business, founding New York-based Pocketown, named after his South Side neighborhood at 78th and Stony Island. Pocketown scored a top 10 music video with “Froggy Style” by Nuttin’ Nyce in 1995 and published “Wandering Eyes,” which was on the soundtrack of Whoopi Goldberg’s film “Sister Act 2.”

“Drug trafficking provided Hill with sizable profits which he used to purchase homes, cars, boats, and, eventually, a four-engine JetStar aircraft. Hill also sought legitimate business opportunities through which he could launder his drug proceeds. One of these businesses was Pocketown Records, a record producing and manufacturing business formed in 1993 by Nate Hill and Michael Jefferson.

At Hill’s direction, Rodney Ellis, a cousin to Hill, participated in the operation of Pocketown Records. Ellis managed Pocketown’s daily operations and financial activities. Pocketown’s expenses were paid primarily in cash. For example, no salary checks were issued; instead Hill handed out cash payments to Pocketown workers. On several occasions, Ellis transported large amounts of cash from Chicago to Pocketown, which was located in New York, and at other times, Ellis received deliveries of cash from other Hill employees. Ellis prepared false records for Pocketown in an attempt to justify the influx of cash to the business. Ellis also provided inaccurate information to the accountant who was preparing Pocketown’s 1993 tax returns. Ellis then signed the falsified return and filed it with the IRS. Ellis later became involved in another of Hill’s business ventures, the production of a motion picture entitled “Reasons” which was based on Hill’s life story. Ellis played a limited role in the “Reasons“ production, unsuccessfully attempting to persuade a recording company to produce the soundtrack for the film.”

Re: rap labels [Re: cookcounty] #739725
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Mississippi - 662
The Feds would had lupe indicted long ago if the red/yellow ones was referencing drugs. I don't recall too many color codes for heroin and its hard to say lupe was involved in money laundering. Chilly probably was living a double life which lupe might not of known.


If you think you are too small to make a difference, you haven't spend the night with a mosquito.
- African Proverb
Re: rap labels [Re: BlackFamily] #750095
11/24/13 04:45 PM
11/24/13 04:45 PM
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Cash Money Records

How Did Birdman And Cash Money Records Become So Rich And Powerful?Random Celebrity ArticleBy Brian Warner on June 19, 2013

On a hot summer day in 1991, two brothers named Bryan and Ronald Williams launched a rap label called Cash Money Records. They hoped Cash Money would some day pull them out of one of New Orlean's most wretchedly poor housing projects. Neither of them had any experience running a record label, or even working in the music industry. They didn't own a recording studio and they didn't have any artists on their roster. But what they did have was a dream and the willingness to do whatever it took to be successful. The Williams brothers also may have had around $100 thousand dollars in cash at their disposal, that may have allegedly been provided by their drug kingpin half-brother Terrence. Allegedly. But that's besides the point. Fast forward 22 years and today Cash Money Records is one of the most successful and prolific record labels in the music industry. And its two founders Bryan "Birdman" Williams and older brother Ronald "Slim" Williams are two of the richest and most powerful people not just in hip-hop, but in all of entertainment. How did two guys from the projects, with nothing but a dream pull this off? Their story is pretty incredible…

Cash Money Records Is Born

When the Williams brothers founded Cash Money Records in 1991, the underground hip-hop scene in New Orleans was just starting to catch fire. A trend called "bounce music" was exploding all over Louisiana thanks to artists like DJ Irv and TT Tucker. The opportunity for a couple of ambitious entrepreneurs was ripe. To launch Cash Money Records (CMR), the Williams brothers first reached out to their father, who owned a popular local bar/nightclub. Unfortunately, a few thousand dollars from their dad didn't provide nearly enough for Cash Money to get off the ground. The real money that launched CMR came from their half brother Terrence Williams who was the founder of a notorious drug crew called the Hot Boys (not to be confused with the Cash Money rap group of the same name that came years later). Ronald and Bryan chose the name "Cash Money Records" as a reference to the recently released film "New Jack City", in which Wesley Snipes played a wealthy New York City gangster who runs a crew called the "Cash Money Brothers".

With their start up capital secured, the Williams brothers began signing local talent. Their first roster artist was a 16 year old kid named Kilo-G. Pretty soon they had around a dozen artists most notably Lil Slim, Mr. Ivan, PxMxWx and U.N.L.V. In those early days, the Williams brothers organized local shows then sold their artist's records right from the trunk of their car!

One of the most fundamental events in the history of CMR happened in 1993 when the label signed a talented DJ/producer named Mannie Fresh. Before Mannie Fresh came along, Cash Money's lyrics and sound were very raw and gangster rap influenced. On the other end of the spectrum, Manny Fresh had just spent more than a decade mixing and producing pop influenced house music beats for DJs in New York City. The combination of Manny's more consumer-friendly beats, with Cash Money's gangster image and lyrics, quickly came to be known as "Gansta Bounce". Gansta Bounce instantly struck a nerve with hip-hop fans throughout Louisiana.

Billion Dollar Brand

Cash Money Records is arguably the only major label in the world that has stayed relevant continuously for the last 20 years straight. There have been a few minor weak periods, but overall CMR has been able to sell millions of records every year since the launch of their incredible deal with Universal. Recently, Cash Money has even begun to aggressively diversify its artist roster in to non-rap areas of music. They won a bidding war to represent Canadian super star Drake, they signed Kevid Rudolph, Nicki Minaj, Busta Rhymes, Limp Bizkit, Jay Sean and even Paris Hilton. Birdman has stated publicly that Cash Money's ultimate goal is to release 100 albums a year from artists in every single genre of music. Even more amazingly, Birdman believes Cash Money Records is on pace to become the first billion dollar music brand of all time, within the next five years. In total, artists from Cash Money Records have sold over 150 million albums worldwide to date.

Thanks to the phenomenal success of Cash Money Records, today Birdman is sitting on an extremely impressive $170 million net worth. He drives a $5 million Bugatti and is rarely seen without wearing at least $10 million worth of jewelry. He lives in a stunning $14.5 million mansion on Miami's exclusive Star Island. As for Ronald "Slim" Williams, he recently spent $7.5 million purchase the largest house in South Florida. And the best part? He paid cash. As we all know, Lil Wayne is one of the most successful and active artists in the world today. Wayne's net worth recently topped $130 million.

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