Fat Joe faces up to two years in prison after pleading guilty to federal tax evasion today (December 20).The 42-year-old native New Yorker entered the plea in front of a New Jersey federal judge, confessing that he failed to pay taxes on nearly $3 million in income over a two-year span. Joe (born Joseph Antonio Cartagena) earned more than $1.3 million in 2007 and an excess of $1.4 million in 2008, but did not file tax returns for either year, according to prosecutors.
The original allegation against the Miami Beach resident — who appeared in a Newark, New Jersey court because several companies he makes money from are incorporated in the Garden State — stated that he also dodged tax filings in 2009 and 2010, but thanks to a plea agreement, the “Pride N Joy” host is only being held accountable for the first two-year period. Prosecutors say the rapper, who is currently free on $250,000 bail, cheated the government out of more than $718,000.
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