Prison Doors Slam on Fat Joe for Tax Evasion | AccountingWEB

Prison Doors Slam on Fat Joe for Tax Evasion

By Teresa Ambord
 
The other shoe dropped last week on Rapper "Fat Joe" (Joseph Cartagena), not that it came as a surprise to him.
 
Last December, Cartagena pled guilty to charges of tax evasion on income of about $3 million earned in 2007 and 2008. The tax owed comes to roughly $1 million, and he was ordered to pay a fine of $15,000.
 
Since his conviction, he has been free on bail and making a concerted effort to pay off his debt, including releasing a mix-tape series. On August 26, as scheduled, the forty-two-year-old rapper reported to a Federal Detention Center in Miami. He'll spend four months there, followed by a year of supervised release.
 
"I did everything I possibly can to correct the situation," the rapper said. "I paid them back. It wasn't entirely my fault. I had a new accountant for like the last four years. And then you could see that my accountant that worked for me for the fifteen years prior to that always paid my stuff on time, always had it on time."
 
Cartagena's attorney, Jeffrey Lichtman, said in spite of the incarceration, his client is feeling upbeat and is looking forward to getting this behind him and returning home just before Christmas. 
 
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