DMX Pleads Guilty To Tax Evasion
DMX’s tax evasion trial comes to an end.
On Thursday, DMX pled guilty to one count of tax evasion in a New York City federal courtroom. Back in July, X was arrested and charged with 14 counts of tax evasion for failing to pay $1.7 million in back taxes from 2002 to 2005.
Prosecutors also accused X of engaging in a multi-year scheme to avoid paying taxes to the Internal Revenue Service by paying for most of his purchases with cash and hiding royalty payments in accounts held by associates.
Yesterday, Joon H. Kim, the acting United States attorney for the Southern District of New York, stated the following, “Today, Earl Simmons admitted to systematically cheating on his taxes. By insisting to be paid in cash whenever possible and having royalty payments diverted to the accounts of financial surrogates, Simmons concealed hundreds of thousands of dollars of income from the IRS.”
Kim added, “Simmons made a choice between ‘Right or Wrong,’ and did the right thing, admitting his guilt, and agreeing to pay his tax liabilities. No matter who you are or whatever fame you may have achieved, the law applies equally to all, and no one is exempt from the shared obligation to pay our taxes.”
DMX’s attorney, Murray Richman, says he has accepted full responsibility of his mistakes, “He’s of the opinion that he’s guilty because he didn’t properly supervise his own life. He gave the responsibility of paying his taxes to others but he knows it was his responsibility. He’s owning up to it at this particular point.”
As part of his plea deal, X will pay restitution to the IRS. He is facing up to five years in prison.
Outside of the courthouse, DMX told reporters, “My life is in God’s hands.”
Breaking: #DMX pleaded guilty today in federal court. #HipHop artist could get five years in prison when sentenced in March. Feds say he hid million$ & didn't pay taxes. In July after his arrest, @DMX told me, he was keeping his head up & thanked fans. pic.twitter.com/QMBtiiD6XJ
— Dean Meminger (@DeanMeminger) November 30, 2017