Taxes

Rapper Fat Joe Pleads Guilty to Tax Evasion

Faces up to two years in prison

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Rap star "Fat Joe" faces up to two years in prison after pleading guilty Thursday to failing to pay taxes on nearly $3 million in income over two years.

The performer, whose real name is Joseph Cartagena, entered the plea in federal court in New Jersey because some of the companies he earns money from are incorporated there.