Fat Joe - Fat Joe Addresses Tax Issues
Rapper Fat Joe has opened up about his tax woes, insisting he fears he will end up behind bars for putting his trust in educated financial advisers.
The Lean Back hitmaker is facing two years behind bars after pleading guilty to two counts of tax evasion over allegations he owes nearly $718,038 (£463,000) in back taxes.
He is currently on bail awaiting his court hearing next month (Jun13), and while the star refuses to reveal specifics of his tax issues, he suggests his choice of money men may be the reason for his financial downfall.
In an interview with RapFix Live, he says, "I can't really explain that 'cause I got a real court case going on, like facing jail time. But I guess after June 24... Hopefully, it goes well. At the end of the day, I'm paying all the money back that's owed - actually I have, and I'ma (sic) just go like a man, stand up.
"You gotta understand we hire guys who are supposed have Harvard degrees to take care of us (stars). All the time you see artists, the first thing they did to you when you caught money was introduce you to a bunch of fancy guys with bowties who are gonna take care of your money and all that and then you always see an artist or a celebrity or somebody like that goin' down for it and these guys never go down for it."