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Rap News
Wednesday, January 26, 2005
  Oh Sh*t, Feds Get Irv Gotti!

Originally uploaded by JohnRedmond.


Oh sh*t! I guess I spoke too fast. Irv "Gotti" Lorenzo and his brother Christopher "Chedda Bob" Lorenzo surrendered to the FBI on money-laundering charges Wednesday as federal prosecutors unsealed an indictment seeking to confiscate all the assets of The Inc. Irv Gotti, his brother Christopher Lorenzo and six others faced money-laundering charges in Brooklyn federal court tied to what officials called a murderous drug ring. Kenneth "Supreme" McGriff, of Queens' Supreme Team fame, who is already in prison on a gun charge, was charged with murder, racketeering and other crimes that prosecutors said were intended to eliminate and intimidate witnesses. McGriff was an executive producer of the film, Crime Partners and Murder Inc. signed on to market the movie and release the soundtrack. A $500,000 cash advance was paid to McGriff from Murder Inc.’s parent company, Island Def Jam. The Feds say snitches told them that McGriff admitted to the 2001 revenge slaying of up-and-coming rapper Eric "E-Money Bags" Smith. Police allegedly found $30,000 in cash in a Baltimore house allegedly used by McGriff. They also found large amounts of cocaine and heroin and promotional items from Crime Partners. In the same house, police say they found a videotape which bears the recording dates of July 13-16, 2001. On said tape, E-Money Bags is seen parking his SUV on the Queens street where he was gunned down on July 16th, 2001. Prosecutors also believe he arranged the Baltimore killing of an informant in his drug organization one month later. Another man also died in that shooting. The Feds, who began investigating The Inc. nearly three years ago, also say McGriff and his peeps hand-delivered drug money to Irv Gotti, who immediately issued checks totaling $281,000 from his own bank account to various fronts for McGriff. Irv Gotti and his brother were released after posting $1 million bond each and face up to 20 years in prison if convicted on all charges, while McGriff could be sentenced to death, prosecutors said. Wow! That's f*ck*d up. Why couldn't Irv Gotti keep his nose clean?

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Oh Sh*t, Feds Get Irv Gotti!