Saturday, October 16, 2010

NY Daily News-Former Roc-A-Fella CEO Arrested In Federal Drug Bust

Kareem "Biggs" Burke, former CEO of Roc-A-Fella Records, taken into custody at 26 Federal Plaza in NY: Lombard/News
(Story reported by Scott Schifrel and Corky Siemaszko for the NY Daily News)

A rap mogul who helped launch Jay-Z's career was busted Friday with 42 other people when the feds rolled up a drug ring that controlled much of the pot market in the city.

Dubbed operation "Green Venom," the feds arrested Kareem (Biggs) Burke after intercepting telephone conversations. According to a federal complaint, Burke and alleged ringleader Geovanny (Manny) Rodriguez Perez discussed "potential marijuana suppliers" in California.

Burke, who co-founded Roc-A-Fella Records with Jay-Z and Damon Dash, was spotted last month in Inwood taking a bag full of "narcotics proceeds" out of Perez's car and putting it in the trunk of his BMW, the court records show.

Perez, who was looking for new contacts after some of his South Florida suppliers were busted, was also in cahoots with Matthew Woodstock Stang, an ad executive for pot-promoting High Times magazine, according to the indictment.

Stang was caught "discussing the quality of marijuana that Stang's associates could provide" in telephone calls intercepted over the summer, the papers state.

The members of the ring face 10 years to life if convicted of conspiracy to distribute 1,000 kilos of marijuana.

(Click here to read the full story on the NY Daily News website.)

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