The successful Murder Inc. music label was bankrolled by a notorious drug dealer who was involved in the shooting of hip hop superstar 50 Cent, the Associated Press says “rap industry indiders have told investigators.”
The allegations were detailed in a newly unsealed affidavit obtained yesterday that was filed in a federal money-laundering investigation of Murder Inc. and other rap industry enterprises.
The affidavit, signed by an Internal Revenue Service agent, accuses Kenneth McGriff – the convicted leader of a murderous drug gang in Queens – of forming an illicit partnership with Murder Inc. owner and longtime friend Irv Gotti. It alleges McGriff provided drug proceeds as “start-up money” for the label in the late 1990s. Murder Inc. is now home to top-selling recording artists such as Ja Rule and Ashanti.