X gon' give up
DMX pleaded guilty to tax evasion on Thursday. The rapper admitted that he used several bank accounts and cash payments to hide his true income from the IRS. ABC News reports that prosecutors said that this “multi-year scheme” hid “millions of dollars” from the organization.
“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,” said Joon H. Kim, acting United States attorney for the Southern District of New York, according to ABC.
Though Kim made it clear that Simmons broke the law, he said that DMX opted to do the right thing by agreeing to a guilty plea.
“Simmons made a choice between ‘Right or Wrong,’ and did the right thing, admitting his guilt, and agreeing to pay his tax liabilities,” he said. “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 said that DMX’s finances were handled by others, but added that his client knows that it his job to make sure that they weren’t operating illegally on his behalf.
Ultimately, the IRS said that Simmons or his advisers failed to pay $1.7 million in taxes between 2002 and 2005.
“He’s of the opinion that he’s guilty because he didn’t properly supervise his own life,” he said. “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.”
DMX previously faced up to 44 years in prison for his numerous counts of tax evasion. With a guilty plea, he now faces up to five years and has agreed to pay restitution to the IRS.
The news is not all bad for Dark Man X. The trial actually forced him to reevaluate some parts of his life when he traded house arrest for a stint in rehab. DMX got clean for the first time in a long while and started to reach out to his children and their mothers in an attempt to turn his life around.
DMX even landed a reality TV show about his attempts to get it together. Tentatively titled In The Dog House, it plans to show X trying his best to get better.
“I’m just excited to get back out there and show my fans that I’m still a force to be reckoned with in hip hop, and invite them into my vast world of spirituality and growth,” DMX said of the show.
“Although DMX has been a lightning rod of controversy, he’s one of the greatest performers in all of music,” said executive producer Carlos King. “We’re thrilled to take this ride with him and look forward to helping him tell his story that we feel viewers will be intrigued by and startled to see.”
There’s no word yet on if the verdict changes the plans to release the show.
What do you think? Are you glad that DMX can finally start to put this chapter behind him? Do you think he can turn it around? Sound off in the comments and be sure to SHARE this article.