DMX has been arrested on charges stemming from unpaid taxes of 90’s hits.
DMX may be in some hot water with the federal government. It is reported the tv personality and rap artist DMX was arrested on Thursday following accusations of tax evasion. Federal prosecutors accused DMX of intentionally concealing $1.7 million in income from the federal government.
Joon Kim, the acting U.S. attorney for the Southern District of New York, said in a Twitter post:
“While earning millions from hits like ‘X Gon’ Give it to Ya,’ DMX didn’t give any of it to the IRS.”
In an indictment made available on Thursday in federal court in Manhattan, DMX was charged with tax evasion, evasion of assessment of income tax liability, corruptly endeavoring to obstruct administration of IRS laws and the failure to file a U.S. individual income tax return.
A lawyer for Simmons, Murray Richman, said by phone that Simmons plans to enter a not guilty plea at his arraignment on Friday. He said that while Simmons concentrated on music, he had been “charged over the failure of others to do what he hired them to do.”
Prosecutors said Simmons took extensive effort to evade his tax obligations by purchasing goods and services via cash only to not create a record of financial activity for the federal government.
Prosecutors accuse DMX of depositing royalty checks in accounts of his managers and filing bankruptcy listing his income for 2011-12 as unknown while receiving revenue in the amount of hundreds of thousands in said years.
If the 90’s rap legend is convicted of charges DMX faces a maximum of 44 years in prison.
FULL STORY: https://goo.gl/3mjfpj