EXCLUSIVE: Jimmy Henchman Loaned Wyclef Drug Money; IRS Scrutinizes Relationship
(AllHipHop News) Wyclef Jean's relationship with James "Jimmy Henchman" Rosemond was introduced as evidence in Rosemond's federal cocaine trial yesterday (May 22).
Rosemond is accused of organizing and leading a $10 million-a-year cocaine operation, that imported hundreds of kilograms of cocaine into New York, while sending millions to the west coast.
Rosemond was a well-known urban executive, who managed artists like Game, Gucci Mane, Sean Kingston, Mario Winans, Brandy, Mike Tyson, and others.
Over the years, Rosemond has enjoyed a cozy relationship with fellow Haitian, Wyclef Jean.
In March of 2011, both Wyclef Jean and Rosemond helped organize a concert for future Haitian President Michel "Sweet Micky" Martelly.
Rosemond also supported Wyclef's run for President of Haiti in 2010.
But during the trial, prosecutors introduced an October 13, 2011 Proffer Agreement, where Rosemond met with authorities in hopes of ultimately reaching a Cooperation Agreement with prosecutors.
During the session on October 13, Rosemond admitted to a number of illegal activities.
He admitted that 80 to 90 percent of his income was funded by drug money, and that he laundered the cocaine money through a variety of means.
Rosemond said that he paid for his Brooklyn condominiums renovations with drug money, as a way of laundering the money, in addition to a number of other means.
Rosemond told authorities during the session that he bought a Bentley that was eventually sold to an individual named "Shakim" for "clean money," without the purchaser's knowledge.
He also admitted that he gave Wyclef Jean $60,000 in cash from drug proceeds as a loan, with out Wyclef's knowledge.
The government also said they began investigating Rosemond and Wyclef's business dealings, after Rosemond received over $800,000 in checks associated companies controlled by Wyclef Jean and his tour manager.
In a blockbuster admission, Rosemond claimed that he had regularly sold Wyclef's driver "E" a number of kilograms of coke.
In an October 17, 2011, session with the government, Rosemond also admitted that the first two shipments of drugs and money were sent to Interscope Records, while subsequent shipments of the illegal contraband went to rehearsal spaces in Los Angeles.
The only reason Rosemond did not receive a Cooperation Agreement with the government, was because they caught him in several lives.
After meeting with prosecutors a total of nine times, the deal was taken off the table when prison authorities found Rosemond with a live cell phone in his jail cell.
An agent testified that Rosemond was exchanging texts with a Mexico area code.
Eventually, the government found out that Rosemond was talking to his brother Mario, who was also charged in the case and was a fugitive from justice at the time.
Testimony continues this week.