Details of his takedown by DEA agents landed online Tuesday afternoon.
The hip-hop mogul spotted the agents at about noon as he walked out of the W Hotel in Union Square, sources said. Once on the street, Rosemond walked north and tried to outrun the agents until he was finally arrested on 21st Street and Park Avenue South. The US Attorney's Office in Brooklyn charged Rosemond in a complaint today with orchestrating the delivery of multiple kilos of cocaine from Los Angeles to the New York City metropolitan area. Millions of dollars in drug proceeds went from New York back to California, the complaint charged. (New York Post)Additional reports claim Rosemond is facing life behind bars.
Rosemond, 46, the CEO and co-founder of Czar Entertainment, is scheduled to make his initial appearance in Brooklyn federal court, following his arrest Tuesday morning by U.S. Marshals and agents from the Drug Enforcement Agency. He faces a maximum sentence of life in prison if convicted on the charges, according to federal prosecutors. (Reuters)In late May, the music executive released a statement revealing his intent to turn himself over to authorities.
"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)Around mid-May, reports emerged claiming Rosemond was a key component in a drug 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)
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