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(AllHipHop News) Former rap manager/mogul James “Jimmy Henchman” Rosemond has been hit with 13 charges related to his role in a drug dealing operation that the government claims earned more than $10 million annually, in drug proceeds.

According to reports, the 46-year-old has been charged with maintaining a “supervisory and management position” in a continuing criminal enterprise that began trafficking large amounts of cocaine in 2007.

Rosemond was arraigned yesterday (July 6th), along with other men, including his brothers Kesner and another brother named Mario.Also named on the indictment are Jason Williams, Tony Martin, and a man named Dennis Graham a.k.a. “Mark Black.”

Federal authorities are seeking to confiscate Rosemond’s $1 million-dollar condominium on the Hudson River in Manhattan, as well as a luxury condo in BelTell loss in Brooklyn worth almost $3 million.

While Rosemond was indicted for his role in the drug viewing operation, he was not charged with the murder of 50 Cent’s associate Lowell “Lodi Mack” Fletcher, a crime he can legally still be charged with.

Fletcher was allegedly gunned down by two associates within the Rosemond drug dealing organization.

The slaying was allegedly in retaliation for Tony Yayo’s assault on Rosemond’s young son, as he walked to the offices of Czar Entertainment, one of the companies Rosemond used as a front for his drug dealing operation.

Rosemond faces up to life in prison if he is convicted on the drug charges, alone.