Fat Joe Pleads Guilty to Tax Evasion

Dec. 21, 2012  10:05 AM ET

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fat joeAccording to the Associated Press, rapper Fat Joe faces up to two years and a fine of $200,000 after pleading guilty for failing to pay taxes on a $3 million income.

The platinum-selling artist, whose real name is Joseph Cartagena, is recognized for his 2002 song, “What’s Luv” with singer Ashanti.

Fat Joe, 42, was charged with four counts and for failing to file a tax return with the Internal Revenue Service for the years 2007 through 2010. Prosecutors said the total tax loss for those years were $718, 038.

He entered two pleas to two counts covering years 2007 to 2008, but the government’s total tax loss will be taken into account at Fat Joe’s April 3 sentencing.

The rap artist admitted receiving a gross income of more than $1.3  million in 2007, more than $1.4 million in 2008, more than  $320,000 in 2009 and more than $680,000 in 2010, according to  authorities.

U.S. Magistrate Judge Cathy Waldor in  Newark set Fat Joe’s bail at $250,000 and released him before his sentencing.

Fat Joe’s lawyer, Jeffrey Lichtman, said his client “had already taken steps to resolve this situation” before he had been charged.

Fat Joe is said to hopefuly pay back the taxes by the time of his sentencing April 3.

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One thought on “Fat Joe Pleads Guilty to Tax Evasion

  1. Pingback: Fat Joe Up The Creek On Tax Evasion? « Just Spit it Out Already!

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