Rapper DMX caught slippin’ pleads guilty to fraud and tax evasion

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Hardcore rapper DMX has a ruff ride as of late, recently pleading guilty guilty in New York to tax fraud, admitting he concealed millions of dollars in revenues to dodge $1.7 million in taxes owed.

Caught slipping, the rapper also known as Earl Simmons, faces up to five years in prison when he is sentenced in Manhattan federal court.

Judge Jed Rakoff set sentencing for March 29, though the date is likely to be postponed as DMX continues rehabilitation for drug and alcohol issues. The 46-year-old hip-hop artist was arrested last summer.

Wondering where the hood is currently at, acting U.S Attorney Joon Kim said DMX evaded the Internal Revenue Service by insisting to be paid in cash whenever possible and by having royalty payments diverted to the accounts of financial surrogates.

Hopefully his rendition of Rudolph the Rednose Reindeer can keep tight with the Lord who’s trying to give him a sign.

Authorities said the IRS had been pursuing DMX since at least 2005.

Read the full story over at CTV News.

This story was summarized by Canadian Fraud News Inc.