Rapper Fat Joe was sentenced to four months in a federal prison today for failing to pay taxes on almost $3 million in revenue.
Back in December, Joe pleaded guilty to tax evasion and earlier this year, he told MTV he was prepared to pay up:
“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,”…”You gotta understand we hire guys who are supposed have Harvard degrees to take care of us.”
According to reports, Fat Joe remains free on $250,000 bail and must report to the U.S. Bureau of Prisons August 26 to begin serving his sentence.
The New York Times reported that “Federal prosecutors said he failed to pay about $700,000 in taxes on earnings of $3.3 million between 2007 and 2010. Though he lives in Miami Beach, Mr. Cartagena was prosecuted in New Jersey because he owns corporations based in Somerville from which he received income, including Terror Squad Productions Inc. and Miramar Music Touring Inc.”