Irv "Gotti" Goes Down
Label head Irv “Gotti” Lorenzo and his brother Christopher surrendered to the FBI on money-laundering charges Wednesday as federal prosecutors unsealed an indictment seeking to confiscate all the assets of their label, The Inc.
Their childhood friend, Kenneth “Supreme” McGriff, one of New York’s most notorious drug kingpins, was charged with murder, racketeering and other crimes that prosecutors said were intended to eliminate and intimidate potential witnesses.
He already is in prison on a relatively minor gun charge.
Prosecutors believe McGriff and the Lorenzos funneled hundreds of thousands of dollars in drug profits through The Inc., a chart-topping label owned partly by Island Def Jam, a Universal Music label. A Universal spokesman did not immediately return a phone call seeking comment.