Twenty-four-year-old MC Cory Gunz was arrested Saturday (Jan. 28) for carrying a loaded firearm. He has since been released -- his father, rapper Peter Gunz posted the $30,000 bail on Monday (Jan. 30) -- and is speaking out about the ordeal.

"This was a big mistake on my part," Cory Gunz told The New York Daily News. "I didn't have any intentions of harming anyone or committing a criminal activity. So many young people look up to me and I need to fight though this."

The newspaper reports that the Young Money entertainer, who appeared in Lil Wayne's '6 Foot 7 Foot' video last year, was apprehended at 2:30PM in Soundview, a neighborhood in the Bronx, N.Y. Peter Gunz claims that his son was approached by plainsclothes police officers when he exited a cab. Cory thought he was being robbed as a result of how the cops "ran up on him." They searched a knapsack he was carrying, which contained an unregistered Taurus .9mm handgun.

"It's been really hard, really stressful," Cory Gunz said. "When the smoke finally clears people will understand what was going on."

The younger rap star and his father recently embarked on a campaign called "Gunz Against Guns," where they visited schools in the Bronx area and spoke to kids about the dangers of the deadly weapons.

Watch Lil Wayne's '6 Foot 7 Foot' Video Feat. Cory Gunz

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