Philadelphia rapper Freck Billionaire [click to read] has signed on to work with music label Philthy Rich Records. Besides giving him the benefits of a solo artist, the deal, spearheaded by the label’s founder Floyd Mayweather, Jr., [click to read] will make Freck co-CEO, and will give him the opportunity to promote his own label, CBL Entertainment Worldwide.

Although Freck has had multiple run-ins with the law, including being arrested 19 times in less than four years, and an arrest for allegedly selling crack this past March [click to read], Mayweather is excited to have him on the team.

What [Freck] raps about is what we really living. Because we’re family, we’re one family.

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In addition to signing the deal, Billionaire is also in the process of recording an album with Street Family, a group that will consist of Fabolous [click to read], Red Cafe, Paul Cain, and himself. Their debut album is scheduled for release sometime in early 2009 on the Island Def Jam Music Group.

Reported by Salima Koroma.