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6 reasons why not to launder drug $$ thru a rap label! But is there another & better way?


 
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 9 months ago '17        #1
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Willy Boban 176 heat pts176
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6 reasons why not to launder drug $$ thru a rap label! But is there another & better way?
 

 
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Thizz Entertainment


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On April 24, 2012, 25 people were arrested and nearly a dozen more were sought by authorities after a four-year sting operation into late Bay area rapper Mac Dre’s label, Thizz Ent. According to authorities, the label is a front for a nationwide drug ring, specializing in the club drug Ecstasy.



Sucka Free Records

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In December 2011, former Houston independent record label owner Duane “Big Hump” Hobbs was arrested and allegedly exposed as being a key player in a large-scale drug network. Prosecutors claimed Lil Flip’s former boss regularly distributed kilos of cocaine dating back to 1995. In late March 2012, Hump pled guilty to cocaine distribution charges.



Czar Entertainment



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Not officially a record label, Czar Entertainment is a record management company, CEO’d by James “Jimmy Henchman” Rosemond, that formerly claimed clients like Game and Sean Kingston. On June 21, 2011 Rosemond was arrested by the Feds in New York City after a month long manhunt and charged him with heading $10 million a year drug ring.



murder Inc. Records

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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.




1st and 15th Entertainment

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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.



BMF Entertainment

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In October 2005, the DEA arrested some 30 members of BMF including brothers Demetrius “Big Meech” Flenory and Terry Flenory under the Continuing Criminal Enterprise statute. Authorities allege that the crew, who were affiliated with rapper Young Jeezy and backed artist Blu DaVinci, moved over 2,500 kilos a month and had made over $1 billion of cocaine profit.




Okay my Bx Goonz. We see that method doesn't work. So how would you launder and clean your 20 million dollar money bag so the government knows that your money was actually gained in a legit manner and not through drug sales?

Regardless of every snitch saying he is a drug dealer. So how do you quickly clean that money before the snitching begins?



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Last edited by Willy Boban; 04-15-2018 at 07:26 PM..

147 comments for "6 reasons why not to launder drug $$ thru a rap label! But is there another & better way?"

 9 months ago '14        #2
TooFatToFish 
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Fronts.

Dive bars. Convenience stores. Laundromats. Travel agencies. Lawn companies. Tax preparation businesses.

If you live in a city....walk around. See that shop in that expensive part of town that looks out of place? Well that’s because it is!
+2   

 9 months ago '06        #3
new2hiphop 2 heat pts
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quiet money is the best money.

 9 months ago '11        #4
Sinamatik CFR 13 heat pts13
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hire a bunch of midget prostitutes and set them up in Vegas... use a bunch of write-offs like 3-for-2's and random scenarios that would result in the money being legally accounted for... hell i'd even put Lamar Odoms weed factory on a vendors contract in case n*ggas like to get a lil elevated before they go pound for pound with the ladies...

n*ggas make the sh*t more complicated than it needs to be... ol so smart they dumb a.ss n*ggas!

 9 months ago '11        #5
Sin 1819 heat pts1819
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You realize these are only the people who got caught

How many have gotten away with it
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 9 months ago '15        #6
Eternal Outlaw 
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 TooFatToFish said
Fronts.

Dive bars. Convenience stores. Laundromats. Travel agencies. Lawn companies. Tax preparation businesses.

If you live in a city....walk around. See that shop in that expensive part of town that looks out of place? Well that’s because it is!
Don't forget barbershops
+2   

 9 months ago '15        #7
Ace dealer 46 heat pts46
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Laudering drug money easy....

Getting legal paper in large enough amounts to LEAVE the game is the hard part...

n*ggas start labels with dreams of LEAVING the game...
+1   

 9 months ago '17        #8
Fortune 164 heat pts164
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it's too many ppl who actually pull it off...these just a few of the ppl who got caught thru misstepps

although I will say, if you already not a great biz mind, throwin illegal sh*t in ya books ain't gone help you at all lol

 9 months ago '17        #9
Willy Boban 176 heat pts176 OP
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The best way to launder is to pay a legit casino owner $10 million cash and he allows you to win $5 million from the poker table or rigged progessive slot machine.


This allows the govt to review the casino video and see that you actually won your millions.

Casino patron to you:

Dang sir. It must be your lucky night.

Me:

I know bi*ch. Now back the phuck up.






Last edited by Willy Boban; 04-15-2018 at 11:35 PM..
-1   

 9 months ago '07        #10
Sincere730 13 heat pts13
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Free all them

 9 months ago '16        #11
smokeytheblunt2 5 heat pts
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fu*k psd.......

 9 months ago '16        #12
smokeytheblunt2 5 heat pts
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Wasnt death Row originally started as a way to wash Harry O's money?

 9 months ago '04        #13
A.G 27 heat pts27
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death Row too...

 9 months ago '17        #14
Willy Boban 176 heat pts176 OP
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 Sin said
You realize these are only the people who got caught

How many have gotten away with it
Make a thread then.


 9 months ago '17        #15
JacobWatch 6 heat pts
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 TooFatToFish said
Fronts.

Dive bars. Convenience stores. Laundromats. Travel agencies. Lawn companies. Tax preparation businesses.

If you live in a city....walk around. See that shop in that expensive part of town that looks out of place? Well that’s because it is!
Seriously.

The problem with using a record label is musicians live a life that synonymous with drug dealers (strip clubs, being flashy, etc) so it makes you a target.

 9 months ago '15        #16
DamianDragunov 
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Car washes,laundry mats, gambling, most anything that deal with a lot of cash...

 9 months ago '17        #17
Willy Boban 176 heat pts176 OP
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 JacobWatch said
Seriously.

The problem with using a record label is musicians live a life that synonymous with drug dealers (strip clubs, being flashy, etc) so it makes you a target.
Exactly my dude.

Laundering your money on Hip Hop front street is basically telling the Fbi to investigate and look at me.

Im from the poorest ghetto and grew up in a 1bdrm apt with 12 siblings until I was 18 years old.

But now (at the age of 23) I suddenly own a billion dollar company of flossing rappers and I never had a job in my life.


So guess how I did it Mr. Fbi agent.




Last edited by Willy Boban; 04-15-2018 at 08:22 PM..

 9 months ago '11        #18
KING JAYY 547 heat pts547
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 Willy Boban said
Make a thread then.

“Snitch”

 9 months ago '17        #19
Willy Boban 176 heat pts176 OP
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 KING JAYY said
“Snitch”
Im just seeing if a n*gga is dumb enough to do it and post it.


 9 months ago '06        #20
J.Shykes 
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Got a question. Hopefully someone more business savvy than myself will answer.


Could you invest dirty money into an up and coming artist and get away with it? You can write most of that sh*t off if I remember correctly. What if you created a venue, have your artist perform there, write that off on the label side and use that same place to wash more money?

Would that even work?

 9 months ago '11        #21
Sin 1819 heat pts1819
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 Willy Boban said
Make a thread then.

Some things should stay secret

 9 months ago '15        #22
160z 1 heat pts
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 J.Shykes said
Got a question. Hopefully someone more business savvy than myself will answer.


Could you invest dirty money into an up and coming artist and get away with it? You can write most of that sh*t off if I remember correctly. What if you created a venue, have your artist perform there, write that off on the label side and use that same place to wash more money?

Would that even work?
You mean a club? And yes

 9 months ago '11        #23
Sin 1819 heat pts1819
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 J.Shykes said
Got a question. Hopefully someone more business savvy than myself will answer.


Could you invest dirty money into an up and coming artist and get away with it? You can write most of that sh*t off if I remember correctly. What if you created a venue, have your artist perform there, write that off on the label side and use that same place to wash more money?

Would that even work?
Any business that deals with alot of cash can be used to launder money

Top 10 most propped recently  9 months ago '15        #24
Flippa Huxtable 11 heat pts11
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I would make a owner of a store hire me as an employee and give him cash weekly and tell him to cut me a paycheck in that amount

Wash that money slowly

 9 months ago '15        #25
MULVTTX 6 heat pts
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 Flippa Huxtable said
I would make a owner of a store hire me as an employee and give him cash weekly and tell him to cut me a paycheck in that amount

Wash that money slowly
That's called getting a job
-1   

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