Rapper Beanie Sigel Pleads Guilty To Tax Fraud In Philadelphia

PHILADELPHIA (CBS) – Philadelphia rap artist Beanie Sigel has changed his plea to “guilty” on federal tax fraud charges.

Now, the 37-year-old entertainer born Dwight Grant is owning up to his obligations, according to his defense lawyer, Fortunato Perri Jr.

“Mr. Grant accepted his responsibility for his actions in failing to file his federal income tax returns,” Perri told reporters today.

The government says Sigel made more than $1.4 million from 2002 through 2004 but filed no tax returns for those three years.  Assistant US attorney Paul Gray says IRS calculations show the tax loss at $348,000.

But Perri says it’s well below that when expenses are factored in.

“We intend to raise some issues with the court that will probably change the overall tax loss numbers,” Perri said.

Prosecutor Gray says the six-year statute of limitations expired on earlier tax returns, so although the federal government alleges the overall tax loss approaches $750,000, Grant can’t be charged for those prior years.

When sentenced in November, Grant faces a maximum three-year prison term and a $300,000 fine.

Reported by Steve Tawa, KYW Newsradio 1060

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Comments

One Comment

  1. Hater says:

    Maybe he can write a “rap” to stop the flash riots or to help pay his taxes.

  2. Linda D Bryant says:

    The IRS will stay awake all night just to get people like Wesley Snipes and Beanie.

    Please pay your income taxes. Do not leave the responsiblity to an accountant–who is probably picking your pocket and not filing your tax forms.

    Finance and how to manage $$$ should be a subject taught from junior to high school age kids—so they know—because this could happen to anyone of us!!!

  3. Carolyn says:

    who really cares…

Comments are closed.

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