Fat Joe Pleads Guilty for Tax Evasion

Joseph Cartagena AKA Fat Joe, has plead guilty to not paying taxes on about $3M dollars of income between 2007 and 2008 for performances and music royalties. The 42 year old "Lean Back" rapper pleaded guilty on the charges and is facing up to 2 years in federal prison.

Jeffrey Lichtman, Cartagena's lawyer, said Cartagena had been taking steps to rectify the situation before his arrest.  He also said the rapper plans to pay back the taxes by the time of his sentencting in April.

The judge set bail at $250, 000. Cartagena could face up to two years in prison along with fines up to $200,000 plus IRS penaties.

He is currently out on bail awaiting sentence in April 2013.