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(AllHipHop News) DEA agents and Federal Marshals are on a nationwide manhunt for Hip-Hop executive, James “Jimmy Henchman” Rosemond.

A federal arrest warrant was issued for Rosemond this week, after he failed to turn himself in on cocaine distribution charges. Rosemond, 46, was indicted on the cocaine distribution charges after a year-long investigation revealed that he shipped hundreds kilos of cocaine inside of music equipment cases, to various recording studios in New York.

Millions in proceeds were then sent back to the West coast, in vacuum sealed packages that held $100,000 in $20 dollar bills.

Last Monday (May 23rd), Rosemond issued a statement to AllHipHop.com, stating that he was the victim of a massive conspiracy and cooperating

witnesses attempting to whittle their own time down when they are sentenced. Rosemond also stated that he would turn himself in as long as he received a fair trial.

According to reports, Rosemond is facing at least 15 to 20 years in federal prison for his role in the cocaine distribution ring.

Three other men also face charges for their role in the ring, although two of the men have already begun cooperating. Rosemond’s brother Kesner is facing charges, along with Kahlil Abdullah and Henry “Black” Butler.

Abdullah and Butler, who is the brother-in-law of “Precious” director Lee McDaniels, are cooperating with the government.