Bout to Blow: 7 Hip-Hop Labels Accused Of Being Fronts For Illegal Drug Operations
Murder Inc. Records
On January 26, 2005, Murder Inc Records CEO Irv Gotti was arrested and indicted on money laundering charges. The United States Attorney's Office in New York accused Gotti (born Irving Lorenzo) along with his brother Christopher of laundering over $1 million in cash through their label for ‘80s drug lord, “Kenneth “Supreme” McGriff. The indictment also alleged the Gotti bros obtained funds from an unnamed record company for McGriff's personal use.
Outcome: On December 2, 2005, the Gotti brothers were found not guilty of federal money laundering charges.