Former Bad Boy Exec Charged With Money Laundering

Slicksno.com - Bad BoySource: AllHipHop.com

A former president of Bad Boy Records has been charged with laundering $1 million dollars in drug money through a bogus company.

Kirk Burrowes, who filed a $25 million dollar lawsuit against Sean “P. Diddy” Combs last year, is accused of depositing proceeds from cocaine sales into the bank account of a company known as Gutter Keys.

The indictment was unsealed in Manhattan Federal Court last week. The documents revealed that Burrowes cellphone was tapped and authorities caught him talking to a New Jersey man about using the proceeds to fund the operation of Gutter Keys.

In addition to the wiretaps, the man Burrowes had the conversation with is now acting as an informant for the government.

Burrowes is now the president of another company, Plan B Entertainment. He is free on a $250,000 bond and according to reports, cannot leave his Harlem, New York residence.

Burrowes’ attorney Alexander Eisman told the New York Daily News that his client was being framed.

“The informant in this case is a person who is facing a very lengthy jail sentence and apparently sees the fabrication of a case against my client as a way out of his own problems,” Eisman said.

Burrowes flawsuit against Combs claimed that he had been forced out of his stake in Bad Boy by bat wielding thugs.

His lawsuit also created a sensation in the Hip-Hop community when he claimed that Combs and a group of men known as the “The Enterprise” helped orchestrate the murder of Tupac Shakur in Las Vegas, Nevada.

Combs vehemently denied the charges, saying Burrowes hadn’t worked for Bad Boy in seven years.

In November of 2003, a judge tossed the entire lawsuit, citing a “limitless number of decencies.”