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B.G. was arrested, along with two other men in November 2009, after he was caught with a gun following a routine traffic stop.
A search of his vehicle turned up three guns, two of which were reported stolen, long with loaded magazines and two extended clips.
The recent report says that the rapper tried to get one of the men arrested that night, Demounde Pollard, to claim ownership of the guns. Pollard reportedly signed a false affidavit that said the guns didn't belong to B.G., leading to the conspiracy charge.
Pollard, along with the other man, 29-year-old Jerod Fedison, have pleaded guilty in federal court on related charges.
If found guilty, B.G. could face up to 10 years in prison.