News: Fat Joe Could Lose One, Admits He Might Do Jail Time
Thursday, May 23, 2013 8:01AM
Terror Squad leader Fat Joe is reportedly looking at a potential jail bid for failing to pay $3 million in taxes dating back six years ago.
While unable to dish out many details, Joey Crack revealed his fate could be sealed at a court date next month.
"I can't really explain that 'cause I got a real court case going on, like facing jail time. But I guess after June 24. Hopefully, it goes well," Joe said on Wednesday (May 22) on "RapFix Live." You gotta understand we hire guys who are supposed have Harvard degrees to take care of us," he began to explain. "All the time you see artists, the first thing they did to you when you caught money was introduce you to a bunch of fancy guys with bow ties who are gonna take care of your money and all that and then you always see an artist or a celebrity or somebody like that goin' down for it and these guys never go down for it." (MTV)
Back in December, Joe's attorney Jeffrey Lichtman said he wanted 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 around mid-December.
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)
Initial plans were for him to get sentenced last month.
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)