Ja Rule's manager was arrested on money-laundering charges Wednesday, just over a week after the bookkeeper at the rapper's label, the Inc., was indicted on similar charges.
Ron "Gutta" Robinson was released on a $500,000 bond following his arraignment in federal court, according to The Associated Press.
Robinson is accused of working in conjunction with other suspects to launder more than $1 million — of which a portion allegedly came from drug funds — between 1997 and 2002. The Inc.'s bookkeeper, Cynthia Brent, was indicted on November 8 for laundering more than $1 million in drug money, and tampering with cash deposits (see "Inc. Bookkeeper Charged With Money Laundering").
Robinson's defense attorney Stacey Richman told the AP that Robinson would contest the charges.
The Inc. has been under investigation for allegations of laundering drug money since January 2003, when the label's offices and recording studio were raided by New York police (see "Drugs, Friends & Allegations: Inside The Murder Inc. Raid" and "The Inc.'s Irv Gotti To Be Indicted For Tax Evasion, Newspaper Says").
Other artists on the Inc.'s roster include Ashanti, Lloyd and label head Irv Gotti.