home NEWS Just In: Look Who Is Facing Federal Charges on Tax Evasion -Facing 44 years in Prison!!

Just In: Look Who Is Facing Federal Charges on Tax Evasion -Facing 44 years in Prison!!

According to New York’s U.S. Attorney’s Office, rapper DMX has been concealing his true income for years. DMX, whose real name is Earl Simmons, is reportedly $1.7 million in debt to the IRS, and has been charged with 14 counts of tax evasion.

He turned himself in to authorities Thursday evening but was released Friday, after two-co-signers helped him post a $500k bond. According to reports, DMX  is required to stay in the New York City area, and abstain from carrying firearms, while out on bail. He’s also going to be monitored for drug use.

The indictment indicates DMX was earning very good money in the 2000’s, after a string of hit records. Prosecutors say his 2011 and 2012 income was listed as “unknown,” but he reportedly made $353k in 2011 and $542k in 2012.

According to DMX, his income was only $10k in 2013, a year he actually reported income, but the feds say that report was seriously low. They say he made closer to $250k that year.

Authorities also say DMX has avoided using personal bank accounts, relying on surrogate accounts and using cash.

If DMX is convicted on all 14 counts, he could be facing 44 years in federal prison.

H/T dennismichaellynch.com