Tuesday, Jul 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

Rap executive acquitted in money laundering case

NEW YORK A rap mogul known for his gangster persona and for producing chart-topping acts under the label Murder Inc. was acquitted today of federal charges alleging he laundered drug money for a notorious crack kingpin.

Irving Lorenzo and his brother Christopher were found not guilty of money laundering at a trial that was closely followed by some of the music industry s biggest stars.

Supporters in the gallery erupted in cheering and applause as the jury s findings were announced.

Courtroom supporters of Lorenzo, who goes by the name Irv Gotti, included Jay-Z, Fat Joe and Russell Simmons, along with Ja Rule and Ashanti, platinum-selling artists signed by Murder Inc. Ja Rule had labeled the case a war against hip hop.

The Lorenzo brothers had faced up to 20 years in prison.

In closing arguments, prosecutor Carolyn Pokorny told jurors that the Lorenzos struck an illicit deal in the late 1990s with Kenneth Supreme McGriff, who she described as one of the biggest, baddest, most dangerous drug lords in New York City.

The defense countered that the brothers were victims of guilt by association.

There s nothing illegal about knowing a criminal, about socializing with a criminal, even doing business with a criminal, unless you commit a crime, said defense attorney Gerald Shargel. Irv and Chris Lorenzo committed no crime.

McGriff allegedly funneled more than $1 million in drug money, much of it from Baltimore, through Murder Inc. in return for serving as the Lorenzos protector and enforcer. A government witness who once worked at the label testified that he saw a huge amount of money delivered in shopping bags and a shoe box in 2000.

Prosecutors said Murder Inc. cut tens of thousands of dollars in checks for sham corporations controlled by McGriff, including a movie company that produced a straight-to-video film called Crime Partners 2000. The label also covered his expenses as he traveled around the country masquerading as an entertainment executive, Pokorny said.

The defense portrayed Irving Lorenzo as a legitimate businessman who went from rags to riches by taking the Gotti name an ode to the late mob boss as a sales ploy and teaming with Def Jam, a subsidiary of Universal Music, to start Murder Inc. He invested in McGriff s movie because he was an old friend from their Queens neighborhood, Shargel said.

Even if Supreme McGriff was the biggest drug dealer in the world, and even if Crime Partners was the worst film in the history of American entertainment, there is nothing illegal about giving backing to a movie, he said.

Murder Inc. changed its name to The Inc. last year after executives said the label s image was hurt by the racketeering case.

Read more in later editions of The Blade and toledoblade.com.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…