Hip-Hop Artist DMX Pleads Not Guilty to Tax Evasion

DMX arrested on tax fraud charges, accused of dodging $1.7 million due to the IRS

DMX arrested on tax fraud charges, accused of dodging $1.7 million due to the IRS

DMX "went out of his way to evade taxes, including by avoiding personal bank accounts, setting up accounts in other's names and paying personal expenses largely in cash", said Joon H. Kim, the acting USA attorney for the Southern District of NY.

"We don't worry with Murray", DMX rapped, referring to his lawyer, Murray Richman, who left court carrying a copy of The Post. "When the government trying to bury you, you good-early!"

"With Murray on the case, we're optimistic, that's all I'm saying", an upbeat Simmons added, surrounded by personal assistants, body guards and other personnel.

He's been indicted on 14 counts, including tax evasion.

Lowe's Companies, Inc. (NYSE:LOW) Stake Reduced by Access Financial Services Inc
On average, equities analysts predict that Lowe's Companies, Inc. will post $4.62 earnings per share for the current fiscal year. The stock has actually made sharp losses in the past year, as the company has gathered a -8.1% return in the past twelve months.

DMX, whose given name is Earl Simmons, appeared before a judge Friday and pleaded not guilty to the charges.

Asked what it's like being Simmons' father, Richman jokingly replied "It's a b--h".

IRS Special Agent James D. Robnett noted that "Mr. Simmons alleges various tax crimes, including that he failed to file personal tax returns for several years and did not pay his fair share of taxes".

"People who like his music are going to understand this situation, people who don't like his music aren't going to", he said, "but neither will matter in court".

Should You Buy Regal Entertainment Group (NYSE:RGC) On Current Analyst Views?
Equities research analysts forecast that Regal Entertainment Group will post $1.12 earnings per share for the current year. Uss Invest Management Ltd holds 0.09% or 25,342 shares in its portfolio. 15 funds opened positions while 24 raised stakes.

An upbeat and cheerful Simmons spoke freely with reporters, including about his night at the Manhattan Correctional Center after he turned himself last Thursday. The unsavory "bullpen sandwiches" were two separate pieces of bread; one was topped with a single slice of bologna while the other was topped with a single slice of cheese, he said.

DMX's next court hearing is scheduled for September 6.

Simmons, who said he was treated well at MCC, lamented the food.

Tower Semiconductor Ltd. (NASDAQ:TSEM) Achieve New Highs
Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The business had revenue of $330.10 million during the quarter, compared to analysts' expectations of $330 million.

Recommended News

  • Comcast Corporation (NASDAQ:CMCSA) Position Boosted by Genesee Valley Trust Co

    Hudson Canyon Invest Counselors Limited Liability holds 0.39% or 3,870 shares in its portfolio. 3,092 are held by Iberiabank Corp. The Massachusetts-based Northeast Inv has invested 0.24% in Comcast Corporation (NASDAQ:CMCSA). (NASDAQ:GUID) for 1,290 shares.
    Federer, Muguruza attend Wimbledon Champions Ball

    Federer, Muguruza attend Wimbledon Champions Ball

    He later revealed that he had sustained his injury during his four-set semifinal against big-serving American, Sam Querrey. Federer was full of praise for his opponent: "It is cruel sometimes, but he fought well and is a hero".
    'Smart glove' can translate sign language

    'Smart glove' can translate sign language

    Based on these resistance signals, the circuit assigns a digital bit to each knuckle, 0 for relaxed and 1 for bent. The letters D and Z, for instance, have the same gesture but the hand zigzags for Z while it remains still for D.
  • The Freeport-McMoran, Inc. (NYSE:FCX) Rating Lowered to Hold at ValuEngine

    The Freeport-McMoran, Inc. (NYSE:FCX) Rating Lowered to Hold at ValuEngine

    FBR & Co restated a "hold" rating and set a $13.00 target price on shares of Freeport-McMoran in a report on Wednesday, April 5th. Finally, Clarkson Capital reiterated a "neutral" rating on shares of Freeport-McMoran in a research report on Monday, July 10th.
    Ryan Giggs: 'Romelu Lukaku will be under constant scrutiny at Manchester United'

    Ryan Giggs: 'Romelu Lukaku will be under constant scrutiny at Manchester United'

    The Red Devils finished sixth in the Premier League but won the EFL Cup and Europa League last term. He'll know how things work and it's just about dealing with the pressure.
    North Koreans hit hard by sanctions, report says

    North Koreans hit hard by sanctions, report says

    Fresh US sanctions would be aimed at sending a message to Beijing of Washington's resolve to act further on its own. The administration has yet to see what it considers a sufficient response from China.
  • Bayern end bid to sign Arsenal's Sanchez

    Bayern end bid to sign Arsenal's Sanchez

    Arsenal have had several offers for the 21-year-old turned down this summer. "People have a big imagination". We've embraced him, everyone has embraced him at the club, so I am confident. "No, that's not the case".

    The Tullow Oil plc (TLW)

    TRADEMARK VIOLATION NOTICE: This report was first reported by Sports Perspectives and is owned by of Sports Perspectives. Macquarie downgraded BP p.l.c. from a "neutral" rating to an "underperform" rating in a report on Wednesday, June 21st.
    Korean bishops' conference backs South Korean leader's peace goal with North

    Korean bishops' conference backs South Korean leader's peace goal with North

    Tensions continue to escalate on the Korean Peninsula as North Korea conducts missile tests with increased frequency. One US official said it is likely the Chinese spy ship was near Alaska to keep tabs on the missile defense test.
  • Eight killed by flash flooding in US

    Eight killed by flash flooding in US

    An intense thunderstorm sent water, mud, and debris rushing down a mountain into the river below flooding the narrow canyon. Rescuers got to the four victims quickly after the crew heard their cries while they were nearby helping an injured hiker.
    Norway Savings Bank Holds Position in Digital Realty Trust, Inc. (DLR)

    Norway Savings Bank Holds Position in Digital Realty Trust, Inc. (DLR)

    Since May 4, 2017, it had 0 buys, and 5 sales for $1.27 million activity. 1,141,118 shares of the company's stock were exchanged. Mitsubishi UFJ Financial Group initiated QTS Realty Trust Inc (NYSE:QTS) on Wednesday, April 26 with "Overweight" rating.
    MSNBC's Joe Scarborough Calls Fox News' Hannity A 'State Run' TV Show

    MSNBC's Joe Scarborough Calls Fox News' Hannity A 'State Run' TV Show

    Hannity did not appear pleased to be called "state-run television", an accusation Scarborough likely made due to Hannity's strident and longstanding public support for Trump.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.