DMXCharged with Tax Evasion …Feds Say He Hid Millions
7/13/2017 4:38 PM PDT
DMX and the IRS have major beef … the feds just slapped the rapper with 14 counts of tax evasion.
The U.S. Attorney’s Office in NYC says DMX has concealed his income for several years and is now about $ 1.7 million in the red to the IRS. According to the indictment, X had cash pouring in during the early 2000s from a slew of hits. The feds even name checked “X Gon’ Give It to Ya” in the docs.
They say he was avoiding using any personal bank accounts, and using accounts of surrogates — including business managers — and lived mostly on cash.
Max sentence if convicted on all 14 counts is 44 years.
Story developing …