News: Fat Joe's $3.7 Million Tax Woes Exposed, Sentencing Date Revealed
Thursday, Dec 20, 2012 1:05PM
Terror Squad leader Fat Joe has reportedly pleaded guilty to multiple counts of failing to pay taxes on nearly $4 million of his income and now faces hefty time behind bars.
Joey Crack appeared in a New Jersey court Thursday (December 20) for tax evasion charges dating back to 2007.
Rap star "Fat Joe" has pleaded guilty to federal tax evasion. The performer, whose real name is Joseph Cartagena (car-ta-GEE'-nah) entered the plea Thursday to a charge of failing to pay taxes on more than $1 million of income in each of 2007 and 2008. The 42-year-old Miami Beach, Fla., resident appeared in federal court in New Jersey because some of the companies he earns money from are incorporated there. (SF Gate)
Although Joe posted a large sum for bail, he will get sentenced in April.
Joseph Cartagena, 42, of Miami Beach, was freed on $250,000 bail pending sentencing on April 3, 2013. He could go to prison for up to two years and face a fine of $200,000, in addition to the costs to the government of prosecuting him. Cartagena also must file accurate tax returns and pay the IRS all taxes and penalties owed. (Cliffview Pilot)
Earlier this year, State Property's Beanie Sigel paid the price for skipping out on taxes.
A hip-hop hero to many in the region, Beanie Sigel (Dwight Grant) is headed to prison. The South Philly-born Lansdale resident this afternoon was sentence to 24-months in prison by U.S. District Court Judge Jan E. Dubois for failing to file federal income tax returns, the U.S. Attorney's office in Philly has announced. The "All the Above" singer must report to prison on Sept. 12. Reportedly Sigel, 28, avoided a stiffer sentence by pleading guilty to the charge. Sigel also must pay all taxes, penalties and interests he still owes to the IRS. Prosecutors say Sigel owes the IRS $728,536 for tax years 1999 through 2005. (Philly)
In summer 2011, Joe's rap comrade Ja Rule got sentenced to over two years in jail for tax evasion.
Rapper Jeffrey Atkins, also known as Ja Rule, was sentenced Monday to 28 months in prison for failing to file tax returns with the IRS after admitting that he did not file his taxes for five years, the Justice Department said in a news release Monday. The 35-year-old performer from Saddle River, New Jersey, had pleaded guilty to three of five counts before U.S. Magistrate Judge Patty Shwartz, who imposed the sentence in Newark federal court. (CNN)
For the latest gadgets, gear and giveaways, check out GetFrush.com.