Fat Joe Admits He's Facing Jail Time For Tax Evasion

Fat Joe blames his tax woes on "guys who are supposed to have Harvard degrees."

Though some artists brush off their legal issues, Fat Joe is acutely aware of just how serious his are.

After pleading guilty to tax evasion in December, the Bronx rapper didn't dance around the issue when discussing it with MTV's "RapFix Live."

"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," said Joe.

Ultimately, Joe took responsibility for having to pay the money, but didn't accept the blame for not paying the taxes on time. "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," he said, before qualifying, "You gotta understand we hire guys who are supposed have Harvard degrees to take care of us."

Joe explained that artists typically hire others to manage their finances, which is how artists can end up in trouble. "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 bow ties 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."

Joey Crack faces up to two years in prison for failing to pay income taxes for the years 2007 and 2008, amounting to roughly $700,000.

RELATED: Fat Joe Pleads Guilty To Tax Evasion, Released On $250,000 Bond

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79 Comments

  • hh

    TALK ABOUT 50 ALL YOU WANT BUT I BUT HE GOT MORE MONEY THAN ALL OF YOU BROKE HATERS WITH YOUR 9 TO 5 JOBS EVER IMAGINED! AND HE PAYS HIS TAXES.HA HA HA HA HA! BROKE JEALOUS SUCKERS!

    • Afi K. James

      Because you are nothing but sheep and brainwashed, 5-0 sucks as a rapper and you are still sheep.

  • Anonymous

    "Fred Wilpon gave his investment banker friend Bernie Madoff over four hundred million to manage while Fred ran his sports team and real estate" Wilpon should go to prison for being that stupid.

  • IRS

    TAX THESE NEBREWS!!!!

  • PAY YO FARE COMB YO HAIR

    Hustling backwards.

  • Anonymous

    this fat joe fuck nigga stay losing i told people 50 won there beef he already murked ja the next nigga to get it is french montana

    • Anonymous

      french about to sell 50k opening week with 43 features and diddy and ross behind him. 50 could sell more blank cds than that opening week. LOL 50 behind french

    • IMhO

      the ja rule troll made him more famous that 50

    • Anonymous

      50 is less relevant than French in rap right now. Not that I even like French (think he's wack), but 50 ain't got shit on him.

  • Anonymous

    50 cent > ja rule 50 cent > fat joe 50 cent > french montana fuck all these broke one hit wonder niggas 50 the boss of this shit

    • Anonymous

      tupacnasfan is dat u?

    • Afi K. James

      All three of them suck, including 5-0 aka 50, yeah fat hoe got his karma for ruining terror squad and others, yet the sheep continues to support bullshit like 5-0 who has ruined NY Rap, used his own rappers as puppet and created the worst era of rap in U.S. Music history, such a sad joke.

  • Money FIrst

    The IRS is conducting a "Witch Hunt" right in front of the American public and many people are just accepting of it and not making noise. Bullshit!!! Time to stand up because if we don't it won't just stop here.

  • Anonymous

    "Can you really trust a man who builds his fortune on telling you how to spend your money?" You can if that's their profession in life. Fat Joe or any one of these rappers/celebrities should still know where their money is everyday. You don't just tell someone to manage your money then forget about what their doing.

    • Anonymous

      Fred Wilpon gave his investment banker friend Bernie Madoff over four hundred million to manage while Fred ran his sports team and real estate. Look at what happened to Fred, and Fred has accountants, and has to deal with accountants who are watching his accountants. You people just look at these rappers and you people know absolutely zero about the firm, lawyer, accountant, and their resume or their work efficiency.

  • Anonymous

    I'm sure this is Karma for screwing over Pun, Cuban Link, Armagedon, Remi, Tony sunshibne and seis. When selling out goes wrong.

  • Its Um

    See people learn your math so you can do your own shit.

    • Anonymous

      H&R got caught robbing people with the rapid refund loans and getting people audited for the shady paperwork

    • Anonymous

      thats what accountants are for though dawg shit just go to H&R Block you know fat joe aint making that much paper these days

    • Really?!!?

      Yeah it is easy to do your own shit when you are only making $27,000 a year. When you start making real money you see the value in wealth management.

  • Anonymous

    Whattup with everyone going to jail lately for tax evasion?

    • Anonymous

      It's who takes the plea deal, not the skin color. Martha Stewart and Willie Nelson went to jail, Nas and Wayne didn't. Wesley had a deal on the table and blew trial, Nicholas Cage took the deal. Lauryn took long, Lindsey too high to pay attention.

    • Anonymous

      ^^That's because the whiteys pay their taxes.

    • John-Boy

      IRS is targeting black artists in entertainment and putting them in jail. White entertainers almost never go to jail for tax evasion.

  • Anonymous

    Good thing he's tight with Officer Ricky. Officer Ricky Rape will have your back in prison

  • NO EXCUSES USE YOUR BRAIN

    PICK UP A BOOK AND DO THE MATH.

  • R(ill)istic

    Or you know you could just go the Immortal Technique route and say FUCK THE INDUSTRY!

  • Anonymous

    admit that shit right before the news exposed yo broke ass

  • They say I'm blessed but I forgot to sneeze

    BACK TO YOU: 6TH TRACK FROM I AM NOT A HUMAN BEING 2 Back to you is about longing and sex addiction. He's in love with that girl who's so different from her (he drinks tea, she drinks wine). He want to settle down with her but is not ready to commit. He doesn't feel comfortable around the girl parents and friends. They judge him... But he likes her yet he thinks that's not enough... They use sex as to stop their relationship from growing because they don't know if they're ready Best song ever

  • Anonymous

    only yourself to blame fat boy next...

  • JA RULE - "FUCK FAME" 2013

    JA RULE - "FUCK FAME" 2013

  • #JARULEARMY

    JA RULE ARMY 4EVER

  • Dras

    $700k aint jack to these rappers that can afford to talk about how many Bugatti, Phantoms and Maybachs they can buy...why is it sooo hard to pay back the government when they get on their asses... the difference in fakin it til you make it and the differences of being Rich and Wealthy on record -vs- reality.

  • #JARULEARMY

    JA RULE ARMY 4EVER

  • #JARULEARMY

    JA RULE ARMY 4EVER

  • #JARULEARMY

    JA RULE ARMY 4EVER

  • #JARULEARMY

    JA RULE ARMY 4EVER

  • Anonymous

    Hiphopdx tryin' to ban JARULE army. BUT WE STILL HERE

  • mike

    mmmmmm, Lets see, most rappers can't admit that they have tax problems, but joe did admit it and respect for that. These artist will either blame their friends or their accountants, but before it came to this, did they do their research to check if their guys are really paying tax? and the answer is probably no. They always talk of snitches but they trust these bow tie motherfuckers with huge amounts of money. Joe,no offence but you also have to take the blame.

    • foreal

      I agree, he does have to take the blame and is facing the problem head on. It does suck though, you hire some business 40 year old balding white dude to handle your cash and they mess up. While that white dude is going golfing, Joe will sit in a court room. Some advice. Get money, take a few finance classes at a near by college and learn how to handle it yourself. Can you really trust a man who builds his fortune on telling you how to spend your money?

  • Anonymous

    Ironically, he recently dropped a brand new single from his upcoming album titled ... "Ballin". So, (just like Jay-Z' asked from Jim Jones on "Brooklyn High") that's ballin? His hypocrisy was always the most irritating thing about him, by the way I never felt his music too in the first place. Dude always had A-list producers around him, and somehow managed to get top features as well but never actually delivered. Not just commercially (although he had a few huge hit), but more like musically. A lot of people told me how dope he was back in the day, but aside from a few highlights I never heard anything impressive from him. Granted I haven't checked every album he has, but still. When Darkside Vol. 1 dropped, I decided that this will be the very last chance I give him. If it's wack as usual, then I don't give a damn about Fat Joe any more. Surprisingly enough it was a really great project back to forth, I still bump it on occasionally.

    • Afi K. James

      I completely agree with the first Anon post. Personally, as shallow as this sounds, I really think he can afford this subpar-like career living off of Pun's pension/estate. at least joe did the right thing to never do anymore of pun's posthumous albums, because after the disasters of pac and biggie's legacy (especially pac's after better dayz) he knew that it would stink. Somebody even wanted him to do the big pun reggaeton album and he did the right thing to turn it down.

    • Confused Reader

      I completely agree with the first Anon post. Personally, as shallow as this sounds, I really think he can afford this subpar-like career living off of Pun's pension/estate.

    • Anon

      Compelling story, now what the fuck is your point?

  • Anonymous

    always other people to blame. typical for rappers. no responsebility

  • dentaldamboy

    see this is why u hire me n plz somebody fuck me raw in the booty

  • Anonymous

    Karma is a bitch. He shouldnt have done Pun and his family so dirty. Dirty skanless fat nigga

    • Anonymous

      what does karma have to do with him not paying his taxes. its 2013 and you still believe in voodoo

    • Ja Rule Army

      ^ Pun's wife is that you. I thought u got the proceeds from Pun's 2nd and that best of compo album u ungrateful bitch

  • Anonymous

    Rest In Peace, Pun

  • So Icy Boi!

    fat boy should follow Lil Wayne's tactic and he would be a millionaire. rappers nowadays are dumb as fuck. dats why dey are not business man. deze fools lose deir rap many fast. check Lil Wayne and Birdman. dey are millionaire. 700 million+... cuz dey are smart busniess men. lol at broke ass niggaz like Nas, Fat Joe, SLAUGHTERHOUSE. swag

  • Anonymous

    50 ethered ja rule, jadakiss, and fat joe

  • A

    Haha "They're supposed to have Harvard degrees" ? Or they DO have Harvard degrees? BIG DIFFERENCE

    • Anonymous

      you missed his point. he was saying they supposed to be smart but if they not doing their job then wtf they there for

  • Anonymous

    First Ja, now Joe..50 Cent has to be laughing his a** off somewhere!! follow at noles506

    • Anonymous

      50 Cent and Fat Joe made amends fucktard. Learn to catch up shit for brains smh. Go kill yourself.

  • Anonymous

    He's talking out of his a**... it comes down to something simple, living beyond your means.. spending money your not actually making... these idiots think they r gonna earn forever.They all know whats up..they know they have tax bills... aw I forgot to pay em.. lol...morons. follow at noles506

  • Anonymous

    Inb4 this douchebag starts comparing himself to Al Capone..... Pay your taxes asshole the rest of us have to, all those videos you did flossin and shit now you going to jail for owing money FOH they should add a charge of aggravated stupidity to the docket

  • Anonymous

    thats why you need an accountant for your accountant. I dont believe that all these entertainers that have gotten in trouble for tax shit, did it on purpose. They give all their trust to their accountant and then a few years down the line find out theyre over 500k in debt

  • Anonymous

    yeah who the fuck are these accountants?

  • method-cal

    Be interesting to see if joe goes to real prison population or protective custody cause he aint like wayne or ja rule he actually is a real street guy that dont need to hide behind others. He gets a lot of hate on the internet but he was a proper bronx thug back in the day

  • YESSIR

    FIRST PS: FUCK FAT JOE PUSSY BOY FUCK BOY FUCK NIGGA WHAAAT

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