AllHipHop Reports

Ace Capone, the CEO of a Philadelphia-based Hip-Hop label who was convicted under Pennsylvania’s “Kingpin” law is now planning a “novel,” sources revealed to AllHipHop.com.

Ace Capone, born Alton Coles, was sentenced to life in prison last April, for his role in running a $25 million dollar drug ring in Philadelphia, New Jersey, Delaware and Maryland.

Capone used his label Take Down Records to collaborate with major Philadelphia artists like Gillie Da Kid, Freeway and Beanie Sigel.

The label was also a front for the drug ring, which moved over two tons of cocaine and a half-ton of crack between 1997 and 2005.

Sources told AllHipHop.com that Ace Capone, who is currently being held in a federal prison in Kentucky, is planning to release a book titled Cocaine Gang.

In his trial, prosecutors used a DVD Ace Capone and Take Down Records released titled New Jack City: The Next Generation to convict him.

Prosecutors argued that the DVD was an actual account of Capone’s attempt to muscle in on Philadelphia’s drug trade.

Coles was convicted of conspiracy to distribute cocaine, heading a continuing criminal enterprise that engaged in drug trafficking, conspiracy, wire fraud, money laundering and weapons offenses.