Now that he’s free of George Anastasia‘s cornpone death grip and actually going to trial, expect to see lots of news reports about about alleged kingpin/aspiring hip-hop cliché Ace Capone, and the twists and turns his defense team are going to have to make to get him off. The first move? Well, the first move was the whole “art is not imitating life” bit (referencing New Jack City: The Next Generation, the straight-to-DVD movie Capone bankrolled). The next though was a stroke of brilliance: Capone wasn’t a drug dealer, silly, he was a party promoter! Though you could be forgiven for misaking the two:

Despite prosecutors accusations, the defense claims that Coles ran a cash business, and if anything, is guilty of failing to report his income to the government, not dealing drugs. In fact, attorney Christopher Warren told jurors at Coles’ trial on Wednesday (January 16), according to the Associated Press, that the weekly parties he threw earned him as much as $10,000 a week in cash. And even admitted that Coles didn’t file any tax returns or pay taxes on the income, but said his client is not facing tax fraud charges.

So what is the takeaway here? Philly party promoters, if you’re not socking away $10K per week off your club bangers and your rainbowdanceanthems… you’re doing it wrong.
BallerStatus: Honest, Guys, This All Came From My Awesome Nas Listening Party

This entry was posted on Thursday, January 17th, 2008 at 11:38 am.