DMX FACING 44 years in Prison For Tax Evasion

DMX FACING 44 years in Prison For Tax Evasion

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Earl Simmons, Better known as DMX had been hit with 14 counts of tax evasion earlier this week. On Thursday night, X turned himself in to New York City authorities.

After he turned himself in, the following morning DMX subsequently posted $500,000 bail on Friday morning. Read on…

DMX FACING 44 years in Prison For Tax Evasion

CelebNMusic247.com has learned the reason why he had to wait until Friday morning is that he reportedly needed two co-signers to come up with the money.

The bail amount was $500,000.

Nicholas Biase, a spokesman for the U.S. District Attorney’s Office said DMX will have travel restrictions that require him to remain in the New York City area.

X will also undergo strict drug testing and will not be allowed to carry any firearms while on bail.

HHDX reports:

A court document says DMX concealed his income between 2002 and 2005, and owes $1.7 million to the IRS. According to the indictment, the veteran rapper earned bundles of money in the early 2000s stemming from multiple hits like “X Gon’ Give It To Ya.” A red flag was put on DMX when he allegedly listed his income in 2011 and 2012 as “unknown.” it was reported that he made $353,000 and $542,000, respectively. In 2013, he reported an income of $10,000, but earned $250,000 that year according to FEDS.

Acting U.S. Attorney Joon H. Kim said:

“For years, Earl Simmons, the recording artist and performer known as DMX, made millions from his chart-topping songs, concert performances and television shows. But while raking in millions from his songs, including his 2003 hit ‘X Gon’ Give it to Ya,’ DMX didn’t give any of it to the IRS. Far from it, DMX allegedly went out of his way to evade taxes, including by avoiding personal bank accounts, setting up accounts in other’s names and paying personal expenses largely in cash. He even allegedly refused to tape the television show ‘Celebrity Couples Therapy’ until a properly issued check he was issued was reissued without withholding any taxes,”

Kim continued:

“Celebrity rapper or not, all Americans must pay their taxes, and together with our partners at the IRS, we will pursue those who deliberately and criminally evade this basic obligation of citizenship.”

DMX faces 44 years in prison if he’s convicted.

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Carlos Menzo is one of CelebNMusic247.com contributing writers covering the world of sports, fitness and pop culture. From the MLB, NBA, NFL, NHL, WNBA to the techie report, politics and art, Menzo covers it.
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