$270,000,000?

Posted by DP | 11/26/2007 09:46:00 PM

From The Insite:

Leader of the “Black Mafia Family” (BMF) pleaded guilty today to running a large scale drug organization and money laundering...

Demetrius Flenory, 39, originally of Detroit... ...admitted that from 1990 through 2005, he was the leader of a criminal enterprise involving the large scale distribution of controlled substances, mainly cocaine. Further, Flenory admitted to obtaining millions of dollars in cash from the sale of cocaine. He used the illegal proceeds of his drug trafficking to purchase real estate, vehicles and jewelry.

Under the terms of the plea agreement, Flenory faces a sentence of 30 years to life in prison. In addition, Flenory agreed to a money judgment in the amount of $270,000,000. A sentencing hearing was not set by Judge Cohn.

If I were him and making that kind of money, I'm pretty sure I would have left the business long before now.

But on another level, my man obviously had to have some business sense to amass that type of fortune, and it just makes me wonder what might have been if these talents had been put to use in a legitimate enterprise.

Or maybe the rules are a little bit different in his type of business enterprise and the skills are not transferable.

Your thoughts?

2 comments
  1. SeanG November 28, 2007 at 8:28 AM  

    This is interesting. Dude had 270,000,000 to pay a fine but not the sense, business acumen or otherwise, to get out of his line of work.

    Sean

  2. DP November 28, 2007 at 10:27 AM  

    Sean G, thanks for coming through and I agree with you. Why was this dude still in the business if he had that kind of money to work with? Maybe it's just harder to get out of the business than it is to get in, who knows, but might have been worthwhile to try.