News: Beanie Sigel Faces The Music In $348K Tax Case, Prosecutors Want Beans Behind Bars
Wednesday, Jul 11, 2012 3:20PM
Former Roc-A-Fella Records rapper Beanie Sigel's fate in a hefty tax fraud case will be known within 24 hours as he prepares for a scheduled court appearance.
According to reports, federal prosecutors are aiming to have Beans behind bars for three years.
This is what will make news in Philadelphia this week: COURTS Slammer for Beanie Sigel? Sentencing is scheduled for rapper Beanie Sigel, who pleaded guilty earlier this year to failing to file federal income-tax returns for 2003 to 2005. Federal prosecutors are seeking the maximum allowable sentence, which is three years. Sigel, whose actual name is Dwight Grant, earned in excess of $1 million in net income those years and owes approximately $348,077 in taxes, prosecutors said in a sentencing memorandum. He paid no taxes during those years. (Philly)
Prior to rescheduling, Sigel was previously slated to get sentenced in April.
A sentencing hearing on federal tax charges for rapper Beanie Sigel was postponed Thursday. Defense attorneys Fortunato Perri Jr. and Mark Cedrone told U.S. District Judge Jan DuBois on Wednesday that Sigel had not provided the financial information a probation officer requested or allowed a home visit by the officer. DuBois rescheduled sentencing for July 12. (Philly Tablet)
Initial reports claimed Beans faced up to 36 months in jail.
Sigel, whose real name is Dwight Grant, is awaiting sentencing for failing to file income taxes for tax years 2003, 2004 and 2005. Federal prosecutors are seeking the maximum sentence of three years. Sigel, 38, pleaded guilty to the charges in August. He is expected in federal district court for a status hearing Thursday. A government plea memo said that Sigel owes about $348,000 in taxes on net income of more than $1 million in the three years. (Philadelphia Inquirer)
Last August, the Philadelphia rapper confessed to not filing taxes in the mid-2000's.
Sigel entered his plea Tuesday in federal court in Philadelphia.U.S. prosecutors say he owes about $350,000 on $1 million of unreported income. But defense lawyer Fortunato Perri Jr. plans to challenge those calculations. (The Republic)
Check out some recent Beanie Sigel footage below: