Jan 27, 2005 • 1 min read

Gotti charged with money laundering

Irv Gotti and six others are charged with laundering $1m for drug dealer Kenneth McGriff through Murder Inc, which prosecutors say does not involve artists signed to the label.

Well, as the more observant of you spotted, the rumours yesterday that the Feds were moving in on a hip hop mogul related to the long running story regarding the shadier financial dealings over at Irv Gotti's Murder Inc record label, part of the **Universal

Music Group**.

It is alleged Gotti and his associates used the label to launder money for drug dealer Kenneth 'Supreme' McGriff - he'd give them dodgy cash, they'd bank it and give him legitimate cheques.

The authorities have been investigating the allegations for sometime, and yesterday formally charged Gotti, his brother and six others with laundering $1m (£530,000) for McGriff and his drugs network.

Reducing the excitement of the whole thing some what, prosecutors confirming

Gotti's arrest stressed that none of the artists signed to the label, which includes Ja Rule and Ashanti, were involved in the alleged scam. "This investigation focused on drug dealing, murder and money laundering. It is not an investigation of the rap industry. Ja Rule, Ashanti and none of the other artists affiliated with Murder Inc are implicated in any way in this case."

Needless to say the Gotti brothers' lawyer denied all allegations: "I think it's a perfectly legitimate operation. Ultimately, I expect

Irv and Chris to be vindicated."

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