Culture

4y

Even in the indictment he’s not classified as the “leader” or “face”

He’s allegedly taking orders from, and reporting back to, the leaders who are already incarcerated thus making him a member

He is clearly the face of the label

krishna bound

4y

· edited

@lnstinct

(edit: just to note i left some stuff out below, so there's a bit more i found where i draw the conclusion from but because of the embed limit i didn't want to go overboard and do multiple posts)

looks it is a real entity but it's more complicated. here's my forensic a***ysis below:

firstly, i looked in the US copyright database and there's only 3 copyrights, which is weird because they're all from this year, and two are from the same song

i searched the LLC though and found it is real though

however when searching it up, i found there's two companies, one of which is for publishing and the other which is the above

this one through the copyright database does show more, so yeah the implication is it is real

however, now one thing which is interesting is as you'll notice both of these are registered to the same address in LA. searching this shows up with a generic address, probably a virtual office:

going to the georgia corporation divison, we can get more info based on the trademark, which shows the business separation (which is usual within the industry); however you'll see they are all registered again to the same place and to the same agent, which is a generic registration service

a few interesting things here. firstly, there are documents signed by Thug:

however they're only signed by him with the label of "manager"; not a typical designation used for owners (typically you'd use "president" for example had it been a corp). numerous other documents have other names attached to them. for example, this one:

does amina diop sounds familiar?

that's because it's his manager from 300 entertainment. so someone from 300 entertainment has authorized signing rights over the company, and is labeled as "organizer" for the corporation, while thug himself is only labeled as "manager" - implying that 300 were the actual original organizers of the company's registration, not thug himself

this is an actual important distinction because it's all registered as LLCs; the difference between a LLC & a corp is that for LLCs, ownership is derived from individuals, not derived from shareholders. but there's actually more improtant stuff here - notice how specifically thug is named "Manager".

this is an important distinction for an LLC - it's not just textual.

Manager within a LLC is related to a outside manager

if he was the owner, he'd be labeled "Managing Member" (https://smallbusiness.chron.com/llc-manager-60581.html)

i will note that the ownership on documents is purposefully obscured - everything has gone through agents and outsourced managerial companies - but we can draw conclusions based on the labels of those signing the doucments and their company designations

tl;dr thug got scammed and thinks he owns YSL but he has a glorified authorized signer designation and the ability to pay himself, in reality the company/ies is/are owned by 300 ent entirely

1000000

4y

whats his name again?

sereneboy

4y

these kids are too sheltered to understand the 2way street of gang violence, YSL are the hood power rangers and have a noble cause

Culture

4y

The POWER 105 interview can be used as defense that he has no issues with Lucci lol

All this is weak AF

they’re hoping someone rats

1000000

4y

whats his name again?

krishna bound

4y

yeah you're right, they're definitely referring to YSL not in terms of the business operation but in terms of the income connected to racketeering/fraud/drug sales chagres - esp since d*** sales need to reported to the IRS (which is hilarious), they're gonna say the income from that was fraudulent and then add a tax evasion/fraud charge; this is what they always do with "criminal enterprises".

however i still think it's insane separately from the perspective of how regardless record labels:
A) profited off of all of this happening regardless, will continue to, and won't get any form of punishment despite a clear correlation. It's like how with Lil Peep's death, the label was actually supplying his addiction w/ his tour manager getting d**** for him. These people are never truly disconnected despite what they claim

B) the absolute insanity of the structure of the industry and the crazy amount of not only exploitation of artists but also just the sheer level of the industry operating as a pyramid scheme this exact same thing is like what got laws passed to break up film companies in the mid-1900s but music labels get a free pass

Delete Delete

4y

Why do you keep repeating this same thing over and over? It's not true. Yes, he is definitely listed as the leader, and it's part of what makes his charges so serious

Delete Delete

4y

Why do you keep repeating this same thing over and over? It's not true. Yes, he is definitely listed as the leader, and it's part of what makes his charges so serious

ABCDEF

4y

This is exactly why thug could very well end up with the max of 20 years on the RICO charge. Idk how long he will do on the other charge and if it will be concurrent or not but Thug is facing serious time, and because of the way they set this up, they aren’t gonna be looking to make a deal with Thug, they are gonna try and get guys like Gunna to flip on Thug.

Antidote

4y

They took down the leaksite to prevent using leaks lyrics as evidence

dapagod

4y

· edited

idk I’ve actually done this before. and while a lot of your research is right, your conclusion imo is wrong.

an ‘Organizer’ simply files paperwork for an LLC. so it makes sense that’s someone (Amina) with previous paperwork experience.

a ‘Manager’ runs the business, and can be the Owner, the Chief Officer, the President, and/or even just an investor. the designation of ‘Manager Member’ vs ‘Manager’ is really only important if you have multiple Managers and even then really doesn’t matter much when it comes to profit share. that’s determined by other contractual agreements.

basically the fact that he’s listed as a Manager is a pretty good sign he’s getting what he’s supposed to get from this business.

americana

4y

Even lower than gunna

Smuchith

4y

ayoo this s*** is killing my mood

krishna bound

4y

tbh if anything this is a really interesting and transparent example of how financials work in the music industry and why it's such a huge scam

because they have 3 registered companies, the records, the publishing, and the IP. so already you know for tax purposes they're differentiating what company makes money from what (one company's used for merch probably, one for streaming probably, etc.)

but all 3 of these companies are really a front for 300, but then 300 is a front for WMG basically, and 300 is distributed itself through Atlantic & Elektra, both of which themselves are owned by WMG

so basically for every single artist you're getting something thing

(original source of money) -> (distributor) -> (3 satellite companies) -> (label) -> (label owner)

where the label owner also owns the distributor and the label owns the satellite companies

whole industry is a massive sham

Silas

4y

another relevant point is that WMG bought 300 for nearly $400 million a couple months ago.

They basically own Gunna, Megan The Stallion, and Young Thug's catalogue and it's gonna be worth a whole lot in the next few years.

Eventually, WMG will sell 300 for a huge bag.

Lyor Cohen, Kevin Liles, Roger Gold, Todd Moscowitz along with the CEO of WMG, Stephen Cooper will all eat.

All the other artists on 300 will get crumbs.

ABCDEF

4y

The way the RICO is designed, they identify leaders of a criminal enterprise, then they arrest all associates on racketeering charges plus any other discovered criminal activities.

Their goal is to end the criminal enterprise so the only fish that matter are who they identify as the leaders. They then cut deals and knock down sentences or if the evidence is extremely light, drop charges, on every single associate who is willing to flip on the leaders.

Thug being identified as a leader of the criminal enterprise basically means he’s a prime target of the investigation and they will be offering the rest of YSL reduced time or no time if they flip on him.

The law is literally designed to allow them to scare lower level associates with time they normally couldn’t be charged with, just to flip on the leaders of the gang.

Thug isn’t getting off with a plea deal here.

gabapentin

4y

that's a good point that part of the incentive in structuring things a certain way is to preclude criminal liability for the label if and when the street rappers they're doing business with get in legal trouble

so not only does the label take great pains to shield themselves from getting in trouble when the artist they signed and do business with is hit with racketeering charges

but Fulton County, which has limited resources and knows that the label is perpetually lawyered up like crazy and has already had said lawyers draw up the most airtight preclusions for criminal liability because they knew even in 2016 "this Jeffery, we'll sign him, but you know how these rappers are always doing dirt, we're not going down for this guy"

is definitely not even going to bother to try and hit the money men with any charges even if they thing there's something they could POSSIBLY get an indictment for, because it would be very expensive just to get to the point where they would then fight it to the point that they'd never get a conviction or any assets frozen

Silas

4y

another relevant point is that WMG bought 300 for nearly $400 million a couple months ago.

They basically own Gunna, Megan The Stallion, and Young Thug's catalogue and it's gonna be worth a whole lot in the next few years.

Eventually, WMG will sell 300 for a huge bag.

Lyor Cohen, Kevin Liles, Roger Gold, Todd Moscowitz along with the CEO of WMG, Stephen Cooper will all eat.

All the other artists on 300 will get crumbs.

Culture

4y

State needs someone to flip

That’s what I’ve taken from all this the last 48 hours

The actual evidence or lost of alleged crimes being tied back to him (individually) is goofy