Today, Fat Joe was sentenced to four months in prison, a $15,000 fine, and one year of supervised release for failing to pay taxes on nearly $3 million in income over two years. Last December, Joe previously admitted he failed to pay his taxes and blamed “fancy guys in bow ties” but ultimately vowed to pay what he owed.
According to the Cliff View Pilot, Joe owed $718,038 in back taxes from 2007 through 2010 but in the end, he only pleaded guilty for the two years. The report also claimed Joe made $1.18 million in 2007, more than $1.28 million in 2008, more than $265,000 in 2009, and more than $630,000 in 2010. In that four year stretch, Joe only had one Top 40 hit (the J. Holiday assisted "I Won't Tell" in 2007) and dropped three albums.
Joe is currently free on $250,000 bail but is set to begin serving his sentence on August 26.
Gotta say, fancy guys in bow ties? This is exactly why Biggie rhymed, "I got lawyers watching lawyers so I don't go broke." Best believe the IRS don't fuck around.
[via Cliff View Pilot]
