Fat Joe Admits He's Facing Jail Time For Tax Evasion

[thernbroom]

Khaled better come up with the money

Fat Joe blames his tax woes on "guys who are supposed to have Harvard degrees."

Though some artists brush off their legal issues, Fat Joe is acutely aware of just how serious his are.

After pleading guilty to tax evasion in December, the Bronx rapper didn't dance around the issue when discussing it with MTV's "RapFix Live."

"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," said Joe.

Ultimately, Joe took responsibility for having to pay the money, but didn't accept the blame for not paying the taxes on time. "At the end of the day, I'm paying all the money back that's owed — actually I have and I'ma just go like a man, stand up," he said, before qualifying, "You gotta understand we hire guys who are supposed have Harvard degrees to take care of us."

Joe explained that artists typically hire others to manage their finances, which is how artists can end up in trouble. "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."

Joey Crack faces up to two years in prison for failing to pay income taxes for the years 2007 and 2008, amounting to roughly $700,000.

 

[M617]

i wonder how much Fat Joe is actually worth.

i wonder if Fat Joe ever legit killed someone like he says in his raps.

i like Fat Joe but those questions id like answered honestly....

 

[mortuus est]

i wonder how much Fat Joe is actually worth.

i wonder if Fat Joe ever legit killed someone like he says in his raps.

i like Fat Joe but those questions id like answered honestly....

joe been here for years and is still here, plus his crib from a few years ago looked good

 

[⠀⠀⠀]

i remember when he was licking the bottom of all his new shoes on mtv cribs.



now he will be licking dudes asses in prison

 

[Kaydigi]

im surprised he doesnt have 700k.

 

[Rohiggidy]

im surprised he doesnt have 700k.

most rapper dont have that

 

[aRoMaN21]

Instead of making "i wont tell" in 07, he shoulda made one titled "I wont pay"

 

[Kaydigi]

most rapper dont have that

He crossed over for a good bit and cross over again during the latin pop explosion and was eating off of puns royalties.

Figured he had some chips stacked, not luda, jigga man status but enough to pay back taxes.

 

[lamont614]

i remember when he was licking the bottom of all his new shoes on mtv cribs.



now he will be licking dudes asses in prison

Man that shyt was vulgar

 

[mson]

These feds want me for some tax evasion
Now that the fact that somebody's gettin lucci that's not caucasian

 

[avon barksdale]

[ame=http://youtu.be/ZAYIemadE20]50 Cent Rushed To Hospital After Listening To Fat Joe | 50 Cent Music - YouTube[/ame]

 

[Omerta]

First Ja Rule and now Fat Joe.

Jadakiss better be thankful he made up with 50. He got them IRS dudes apart of G-Unit.

 

[Egomaniacal1]

In 2013 nikkas still ain't learned not to fukk with the I to tha Rra to tha S?!?!

 

[Mandarin Duck]

I would think by now rappers would understand they need to be more hands on with their finances other than when it comes to spending it. I have a feeling rappers rarely ask questions when it comes to their finances so these accountants take full advantage.

 

[Awesome Wells]

I hope he's able to figure out how to fix that situation.

For all of his success, and him being able to even have a 20 year career, it would be some sad shyt to end up locked over taxes.