Roc-A-Fella Records co-founder Kareem “Biggs” Burke plead guilty today (Thursday, March 15th) to federal drug charges, admitting he planned to sell more than 100 kilograms of marijuana in a distribution ring.
Burke, 38, is widely known as one of the key people who helped launched the career of mogul and rap superstar Jay-Z. Today Burke acknowledged his guilt before U.S. District Judge Laura Taylor Swain in a Manhattan court.
The former label executive and New Jersey resident – plead guilty to a single count of conspiracy to distribute, and to possess with intent to distribute more than 100 kilograms of marijuana. This was in connection with a widespread marijuana trafficking ring which he also participated in.
As a result of the plea, Burke could likely face a mandatory sentence of five years and up to 40 years in prison when he is sentenced on May 18.
Under his plea agreement, Burke will have to forfeit $660,000 in assets, his residence, $15,000 in cash that was seized from his home when he was arrested last year, and his 2010 BMW.
According to NorthJersey.com:
Burke was among more than 50 people who were arrested in late 2010 for their alleged membership in three separate but interconnected marijuana trafficking cells that distributed drugs from South Florida to New York. Leaders of the cells depended on each other, and on the same transportation network, to supply customers in New Jersey and New York.
Burke, in addtion to other cell leaders were tracked and arrested as part of a 18-month investigation, dubbed “Operation Green Venom,” that was conducted by the U.S. Immigration and Customs Enforcement’s Homeland Security Investigations directorate and the Drug Enforcement Administration, with assistance from police agencies in New Jersey, New York, Florida, Maryland and North Carolina.
Of course MSDTV will keep you posted. Stay Tuned.