Jimmy Henchman Turns Himself In, "I Want To Apologize To Every Artist & Exec I've Worked With"

After last week's reports drew red flares over Czar Entertainment President James "Jimmy Henchman" Rosemond being wanted on a federal arrest warrant, the music executive speaks out and reveals his intent to turn himself in.

Speaking via statement, Rosemond defended his image and sent apologies to people associted to him.

""With the Name of God, the Gracious, the Merciful I have decided to break my silence to address slanderous media once and for all. Firstly, I want to apologize to every music artist and executive I've worked with. In addition, I apologize to my family and friends who have had to endure this horrible situation," he said in a statement to XXL Mag. "The events over the past week, to say the least, have caught me off guard. Although I have been aware of an investigation-taking place over the last four years, I was never informed that an arrest warrant had been issued in my name. I first learned about that warrant through the media when the news was released last week." (Statement)

He also said the situation is all a part of a large conspiracy to bring him down.

"I would like to expose the two prosecutors spearheading this slanderous and trumped up case against me. The first, prosecutor Todd Kaminsky, is a 33-year-old White hip-hop head that if he weren't a lawyer he would probably be a member of the Beastie Boys. Second, Carolyn Porkony, who failed in convicting the Murder Inc. Irv Gotti brothers on trumped up charges of money laundering. Both have a personal stake in pursuing me and will stop at nothing to bring down an innocent man...Where's the real proof that I have committed these crimes? I just want my fair trial and to not be railroaded as they so eagerly want to do. A fair trial is afforded by the constitution and witnesses should be forthright without pressure or duress. That's all I want and I'll turn myself in today. Again, I apologize to my peers, artists and family for being subjected to all of this." (Statement)

Last week, reports claimed the music executive is responsible for involvement in a large scale drug trade operation.

Rosemond, who has yet to be located, is being accused of involvement in a drug organization that regularly shipped cocaine and millions in cash between New York and Los Angeles recording studios, using overnight delivery services. TheSmokingGun.com reports that a man named Khalil Abdullah has already been charged with five counts of conspiring to distribute cocaine, distribution, possession with intent to distribute, conspiracy to commit money laundering and obstruction of justice. Several other men have been similarly charged in the case, including Rosemond's brother Kesner, who has reportedly pleaded guilty to cocaine distribution, and another man named Henry Butler, who is cooperating with the DEA in the investigation. (The Boom Box)

Prior to the story making nationwide headlines, Rosemond's attorney addressed the legal matter.

A Federal arrest warrant is out for hip-hop mogul Jimmy "Henchman" Rosemond, who manages Brandy, Sean Kingston and Akon. Sources say the warrant was issued last week for the Czar Entertainment chief after he was indicted for alleged involvement in cocaine distribution, and he has yet to be located. A law enforcement official confirmed that a fugitive warrant is out for Rosemond. His lawyer, Jeffrey Lichtman, said, "Although a federal prosecutor has told me that there is an arrest warrant out, they have refused to provide me with the warrant or a copy of the charges." (New York Post)