Popular Big Meech, also known as Demetrius Flenory, is an American convicted drug dealer. His most notable achievement was co-founding the Black Mafia Family, one of the most powerful cocaine trafficking organisations in the United States. By 2022, Big Meech’s net worth is expected to be close to $100 million.
Big Meech was apprehended in 2005 and sentenced to 30 years in prison after pleading guilty to drug trafficking and money laundering charges. Meech will be released in 2028 after his sentence was reduced to three years by United States District Judge David M. Lawson.
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Big Meech’s Personal Life
Demetrius Flenory, better known as Big Meech, was born on July 21, 1968, in Cleveland, Ohio. He was raised in a low-income family, and as their financial situation worsened, Big Meech and his brother Terry began selling narcotics to make ends meet.
During his high school years, he and his brother began peddling cocaine on Detroit’s streets for $50. He also has a sister, about whom little is known. He never went to college.
Big Meech, according to rumors, is married. According to reports, after Demetrius was apprehended, his wife began pleading for a reduced prison sentence. However, information about his marriage is scarce. He also had a romantic relationship with Sabrina Peterson, who interviewed him to promote their relationship.
Big Meech, who had been imprisoned during the COVID-19 epidemic for ten years, was the target of an attempt by his family to condemn him last year. Judge David Lawson of the U.S. District Court, however, declined to release Meech on compassionate grounds during the pandemic. On June 14, 2021, however, the U.S. District Judge decided to shorten his sentence from 360 to 324 months. Because of the ruling, he will now be freed from Sheridan FCI in 2028 rather than on November 25, 2031.
Big Meech’s Career
In the beginning, Big Meech sold drugs. Because of his line of work, he has engaged in numerous unlawful actions. He also owns BMF Entertainment, a record company. In 1989, the Black Mafia Family was founded, and they distributed drugs across the USA.
Their drug supply is based in LA and has connections to a couple Mexican cartels. Two primary centres made up the BMF. One was run by Big Meech in Atlanta, and the other was handled by his brother Terry in Los Angeles.
Around 2,500 kilogrammes of cocaine were sold by the BMF’s Atlanta operations both inside and outside of Atlanta. The BMF, led by Big Meech, joined the music business, where they had previously exploited narcotics sales as a means of money laundering.
They have supported a number of well-known hip-hop artists, including Young Jeezy. The brothers’ communication was secretly recorded by the government for five months, following which they pleaded guilty to operating a criminal enterprise. The brothers were indicted by the Drug Enforcement Administration in 2005, and they were given 30-year prison terms.
BMF: The Rise and Fall of Big Meech and the Black Mafia Family is a novel by Mara Shalhoup based on the lives of the brothers. In 2020, Terry, the sibling of Big Meech, was released in an effort to stop the COVID -19 virus from spreading. The production company G-Unit Films created a documentary series that is being distributed by the Starz network based on the most recent news.
According to accounts, the Black Mafia Family television series is based on the lives and exploits of the Flenory brothers. According to some reports, Demetrius Flenory Jr., the son of Big Meech, portrays his father in the television show. Da’Vinchi is seen portraying Terry Flenory, his brother.
Big Meech’s Crime
Demetrius Flenory, also known as Big Meech, was detained on November 11, 2003 in connection with the shooting deaths of Anthony “Wolf” Jones, a former P. Diddy guardian, and Lamont “Riz” Girdy at Club Chaos. Demetrius wasn’t charged, though, because he was shot in the back and was able to defend himself. Sources claim that in 2005, the Drug Enforcement Administration (DEA) brought cases against members of the Black Mafia Family under the Continuing Criminal Enterprise Statute, finally concentrating on the Flenory siblings. The siblings acknowledged running a criminal enterprise in November 2007.
In September 2008, the two brothers received a 30-year prison term for running a nationwide cocaine distribution network between 2000 and 2005. Over 1000 members of the organisation were eventually identified via the subsequent arraignments. Demetrius Flenory, on the other hand, requested his release under the same conditions, but a government judge denied the request, stating that it would be premature to grant his release because his jail record shows he has not changed and continues to advance himself as a head of the pharmaceutical industry. The judge also stated that his disciplinary record includes violations, such as the ownership of a firearm, and that it would be premature to grant his release.
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Big Meech’s net worth
The estimated net worth of Demetrius Flenory, also known as Big Meech, is $100 million. Meech is a drug dealer, businessman, and American citizen. He rose to fame after joining the Black Mafia Family (BMF), a group notorious for its involvement in narcotics trafficking and money laundering.
His annual salary is $2 million or higher as of 2022. His unlawful enterprises, including the distribution of entertainment labels and the trafficking of drugs, are the main sources of his income. When he and his brother were detained in 2005, the police and the investigation team took more than ten homes, $21 million in cash, jewellery, automobiles, and more.
At the height of its expansion, his narcotics gang, the “Black Magic Family,” made almost $270 million. About 500 persons were employed by the company. His organisation provided cocaine to every city in the US.
What is net worth?
Wealth is measured by net worth. A person’s or a company’s net worth is the total of all of their assets, less any liabilities or commitments.
The methodologies for determining an individual’s net worth and a company’s net worth are slightly different. The sum of all assets less all obligations equals both numbers. The value of assets is based on their current market value rather than original purchase costs for determining a person’s net worth. The value of assets is determined by the company’s net worth rather than by its current market value.
A person’s net worth equals the value of her estate when she goes away. Any debts owed by the deceased are settled during probate, and any remaining assets are given to heirs. The inheritor’s net worth will then include any inheritance.
The carrying value or open market value of an asset is what is used to describe it in the context of enterprises. In a competitive auction, this is interpreted as the price an asset would fetch. Mark to market, fair value, and fair market value are other terms that are used synonymously with carrying value, albeit they might have distinct meanings depending on the situation.
When a person or company’s obligations outweigh their assets, they have negative net worth. Either the assets owned lose value over time or the liabilities grow over time as additional debt is taken on causes this.
How to calculate net worth
Take an inventory of your possessions and debts to determine your net worth. And when we say our own, we mean possessions like a car or a house that you might still owe money on.
You can increase your net worth by $50,000, for instance, if you have a mortgage on a home with a market value of $200,000 and the remaining balance on your loan is $150,000.
In essence, the formula is:
ASSETS – LIABILITIES = NET WORTH
What are assets and liabilities?
Assets are things you own that you may sell for cash, such as cash in your checking, savings, and retirement accounts, as well as things like automobiles, real estate, and investments. These are commonly known as liquid assets.
Some fixed assets may also be included in your assessment of net worth if you have the ability to sell them or would do so in an emergency. Your house, for instance, would be considered part of your net worth if you were willing to use it as collateral for a home equity line of credit or to sell it if necessary.
Liabilities include any money you owe to another individual or organisation. This covers the outstanding sums on personal, auto, payday, and title loans as well as revolving consumer obligations like credit card bills. Your mortgage is a burden if you are counting your house as an asset.
