News: Fat Joe's Camp Addresses Tax Woes, Potential Jail Time
Friday, Dec 21, 2012 5:52PM
Terror Squad leader Fat Joe's defense attorney has confirmed reports claiming the New York rap veteran pleaded guilty to tax evasion charges this week.
Although attorney Jeffrey Lichtman did not go into detail, he did say Joey Crack wants to fully repay his debts.
The rapper -- who is is currently free on $250,000 bail -- will face up to two years in prison and a fine totaling $200,000 when he is sentenced on April 3, officials said. "Fat Joe," who was recently in the news because of a well-publicized beef with "50 Cent," maintains residences in both New Jersey and Miami Beach. "'Fat Joe' has taken responsibility for his tax failures. He hopes to repay his tax indebtedness," said the rapper's defense attorney, Jeffrey Lichtman. (NY Post)
Details of the hip-hop heavyweight's money woes surfaced online yesterday (December 20).
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)