Rich Mendez, CEO of Rich Music, will begin serving a federal prison sentence on Jan. 8.
Rich Mendez attends the Billboard 2018 Latin Power Players at W South Beach on Nov. 1, 2018 in Miami Beach, Fla.
He is also hoping to get a reduction in the sentence through President Trump’s recently passed First Step Act, which allows inmates to participate in programs that can reduce their sentences. Regardless, he says, he plans to continue participating actively in Rich’s day-to-day, and during his time in prison, his son, business partner and Rich Music COO, Josh Mendez, will run the company.
“We have prepared for this and we are going to continue to produce spectacular music for our artists,” Rich Music general counsel Phil Reizenstein tells . “Everybody is committed, and the artists are all aware of this so we are prepared. He [Mendez] employs 40 people and we expect to double that next year. We are not going to let anybody down.”
“He entered into what he was told was an honest business […] When he realized what was going on, he stopped it, he took responsibility and he gave the money back. That’s not something criminals do,” he adds. “I thought it was over,” says Mendez. “Then five years ago, just a couple of months before the statue of limitations ran out, the feds came in and indicted me. When we got that call it was like a car wreck. It was crazy.”
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