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Cynthia Brent, who is the bookkeeper for label The Inc., has been indicted on money laundering charges by federal prosecutors who have been probing the label for ties to drug dealers.
According to the Associated Press, Brent was arrest today (November 8) at her New Jersey home and charged with laundering drug money and avoiding federal reporting requirements. The laundering charges against her include more than $1 million in drug money.
Brent has pleaded not guilty and was released on $200,000 bail.
Earlier this year, label CEO Irv Gotti, was indicted on tax evasion charges for alleged being involved in million-dollar tax-evasion schemes with longtime friend and convicted drug kingpin, Kenneth "Supreme" McGriff.
Also The Inc.'s name, which was formerly known as Murder Inc., was changed earlier this year after label executives said the label's image was hurt by court filings alleging that they had been laundering drug money from a Queens crack dealer, Kenneth "Supreme" McGriff.
There has been no comment released from the label or The Inc. camp regarding the indictment.
Source: ballerstatus.net
According to the Associated Press, Brent was arrest today (November 8) at her New Jersey home and charged with laundering drug money and avoiding federal reporting requirements. The laundering charges against her include more than $1 million in drug money.
Brent has pleaded not guilty and was released on $200,000 bail.
Earlier this year, label CEO Irv Gotti, was indicted on tax evasion charges for alleged being involved in million-dollar tax-evasion schemes with longtime friend and convicted drug kingpin, Kenneth "Supreme" McGriff.
Also The Inc.'s name, which was formerly known as Murder Inc., was changed earlier this year after label executives said the label's image was hurt by court filings alleging that they had been laundering drug money from a Queens crack dealer, Kenneth "Supreme" McGriff.
There has been no comment released from the label or The Inc. camp regarding the indictment.
Source: ballerstatus.net