DMX released on $500,000 bail after pleading not guilty to dodging $1.7 million in taxes

Rapper DMX has posted bail after he turned himself in to authorities on federal charges of tax fraud. The 46-year-old rapper – whose given name is Earl Simmons –...

Rapper DMX has posted bail after he turned himself in to authorities on federal charges of tax fraud.
The 46-year-old rapper – whose given name is Earl Simmons – is accused of owing $1.7 million in taxes.
He posted $500k bond after he was charged with multiple counts of tax evasion, according to TMZ on Friday.

He appeared in Manhattan Federal court on Friday, wearing a New York City hoodie.
Prosecutors say the Yonkers native engaged in a multi-year scheme to conceal millions of dollars of income from the Internal Revenue Service.
The rapper pleaded not guilty to 14 counts of tax evasion, according to the website.
TMZ says that Nicholas Biase, a spokesman for the U.S. District Attorney’s Office, told them that DMX has been given travel restrictions that will require him to remain close to his New York home.

He will also be subject to strict drug testing and is not allowed to have any firearms on him while on bail.
Prosecutors say Simmons raked in millions from his songs, including the 2003 hit X Gon’ Give it to Ya, and avoided paying taxes by setting up accounts in other’s names and paying personal expenses largely in cash.


They also allege that when Simmons participated in the reality show Celebrity Couples Therapy in 2011 and 2012, he was paid $125,000.

However, they claim that when taxes were withheld from the check for the first installment of that fee by the producer, the rapper refused to tape the remainder of the television show until the check was reissued without withholding taxes.
In 2015, Simmons spent more than two months in a New York jail for failing to pay child support.
Beginning in 1997, SIMMONS released a series of hip-hop albums that sold millions of records. Many of his albums went platinum and occupied the top positions on musical charts.

 
Source: Daily Mail

Featured Image: 360Nobs.com

Inset Image: Getty Images

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