A record company with powerhouse clients like Lady Gaga and U2 has reportedly been used by a drug-trafficking ring involving shipments of equipment cases stuffed with cocaine and vacuum-packed $20 bills.
A year-long Drug Enforcement Administration investigation has resulted in the indictment of James Rosemond on 18 felony charges that could mean he'll spend the rest of his life behind bars if convicted, The Smoking Gun reports.
A letter filed Wednesday with the U.S. District Court in Brooklyn details evidence against Rosemond, known as "Jimmy Henchmen," a music-industry manager who has been in custody since shortly after the indictments.
Prosecutors and DEA agents have been provided insider accounts by Rosemond's associates, who have admitted to roles in the operation.
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