Jimmy Henchman RosemondNotorious hip-hop executive Jimmy “Henchman” Rosemond, who has been on the run since mid-May, was picked up in New York on Tuesday morning (June 21) by federal agents who claim he is the head of a national cocaine distribution ring.

The hip-hop impresario has made national headlines over the past month for not only his legal problems, as well as rumors that he set up Tupac in 1994.

In mid-May Rosemond was accused and indicted for his alleged involvement in a national drug-trafficking ring, which distributed cocaine in large quantities from New York to Los Angeles, and back.

A warrant was issued for his arrest.

Although Rosemond denied the claims, brushing them off as “unconstitutional,” and revealed plans to turn himself in, he’s been on the run ever since. But, authorities finally caught up with him.

Rosemond, known within hip-hop circles as Jimmy Henchman, was picked up after a foot chase near Park Avenue and 21st St., a federal official told the L.A. Weekly. He had been hiding out at the W Hotel, blocks away from where he was apprehended.

A federal affidavit, supporting his arrest warrant, alleges Rosemond conspired to distribute at least five kilos of cocaine. Federal agents believe he shipped cocaine from L.A. to New York, via FedEx and UPS, and then sent mustard-covered cash — to throw contraband-sniffing canines off — back to L.A. … and have been doing so since 2008.

Rosemond was due in federal court in New York this afternoon to face charges.

In addition to the federal indictment, he was also named as the man behind the infamous Quad Studios shooting of Tupac Shakur in 1994, which would go on to spark the highly publicized east/west rap war between Death Row Records and Bad Boy Records.

Former Rosemond associate Dexter Isaac, who is currently serving life in prison, confessed to being the shooter that evening in hip-hop history, which left Tupac shot five times. Isaac claims Rosemond paid him $2,500 to rob the rapper.

His lawyer responded a day later, calling the incarcerated man’s claims a “flat-out lie.”