(AllHipHop News) A key witness against former rap manager/mogul James "Jimmy Henchman" Rosemond is close to striking a plea deal with prosecutors, according to reports.
According to TheSmokingGun.com, Khalil Abdullah, one of Rosemond's associates and top members in the collective known as the Rosemond organization, is close to making the deal, if he returns a missing $100,000 to the government.
Abdullah allegedly entrusted the $100,000 to an unnamed associate, whom he cannot locate.
In order to receive the plea deal with prosecutors, Abdullah must forfeit the $100,000, which Abdullah allegedly stole from the Rosemond organization, which helped trigger the current federal investigation.According to an indictment, Abdullah's thieving helped lead to a bigger investigation into the Rosemond organization's trafficking conspiracy.
DEA agents claim that the organization used Federal Express and other overnight couriers to send millions of dollars worth of narcotics and proceeds from New York to the West Coast, and back.
Abdullah, who knew that he was in the process of being indicted for his role in the cocaine distribution conspiracy, was the original person to contact lead prosecutor Todd Kaminsky, with information on the conspiracy.
Abdullah allegedly faxed a letter to prosecutors from a Kinko's on April 25th, where he told agents about of a shipment that was being sent to a recording studio in New York, in a "road case" for music equipment.
When agents seized the road case they found $790,000 in $20 bills, which helped lead Kaminsky to indict the investigation's main target, James Rosemond.Abdullah, who is facing at least 10 years in prison for his role in distributing the cocaine, is seeking to receive a lesser sentence by testifying.
James "Jimmy Henchman" Rosemond was apprehended by authorities in New York on June 20th, after being on the run for nearly 2 weeks.
The following day, he appeared in Brooklyn federal court, where he pleaded not guilty to intentionally conspiring to distribute and possess with intent to distribute 5 kilograms or more of cocaine, witness tampering, and obstruction of justice.
Police are also investigating Rosemond involvement in a murder for hire plot that resulted in the death of an associate of 50 Cent named Lowell "Lodi Mack" Fletcher, who was killed last year, for allegedly smacking Rosemond's son during a dispute in March of 2007.