Rap mogul Irv Gotti is set to be indicted by federal prosecutors in New York for charges involving million dollar tax schemes.

The charges, which will be made public this week (ends30APR04), are expected to be the first in a series levied at the boss of THE INC and his "childhood friend" KENNETH 'SUPREME' McGRIFF.

Prosecutors allege that The Inc - formerly known as MURDER INC - failed to reveal money earned from the sale of concert-related items and that Gotti paid McGriff hundreds of thousands of dollars in unreported salary and corporate expenses.

McGriff allegedly provided the label with protection due to his reputation as a former New York crack kingpin, while the label cleaned up his cash.

Prosecutors are also looking into nine murders, including several in New York and one in Baltimore.

They range from the murder of rappers E-MONEY BAGS and DO CANNON, who had recently signed with The Inc, and the murder of a drug courier caught with two kilograms (4.4 pounds) of cocaine in North Carolina. The courier was gunned down in Maryland with an associate two days later.

Gotti, his brother CHRIS and McGriff are also being investigated by the FBI and the BUREAU OF ALCOHOL, TOBACCO, FIREARMS AND EXPLOSIVES for various firearm violations.

29/04/2004 02:32