Interscope, Rock-It Cargo Deny Involvement in Cocaine Ring

Interscope Records is denying any involvement with a drug-trafficking ring, days after federal prosecutors claimed that the company’s offices were used by a narcotics scheme circled around Czar Entertainment CEO and Game manager James Rosemond.

"The information being reported in the press regarding Interscope Records's involvement with the ongoing criminal prosecution of James Rosemond is both erroneous and completely unsupported,” an Interscope company spokesman told Billboard. “Interscope Records has been informed by the United States Attorney's Office for the Eastern District of New York that there is no evidence that any employee of UMG or Interscope Records had any involvement in the drug trafficking ring being prosecuted by that office, nor any knowledge of the contents of any of the packages that were purportedly shipped to its offices. Further, neither UMG nor Interscope Record are a subject or target of the investigation. UMG and Interscope will continue to cooperate with the United States Attorney's Office regarding this matter. "

In addition, Rock-It Cargo, the shipping company that Rosemond allegedly used to move hundreds of kilos of drugs, is vehemently denying being involved in the ring as well.

“Rock-It Cargo is neither the subject of the investigation, nor implicated in any way,” Rock-It-Cargo said in a statement to allhiphop.com. “The company has provided the U.S. Attorney with all the documentation it has requested."

Rosemond is currently being held without bail in Manhattan’s Metropolitan Correctional Center in Lower Manhattan. He is facing 18 drug related, felony charges that could result in him being sentenced to life in prison. —Jakinder Singh