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Latest News : Drake’s ex-manager will get eight months in jail for tax evasion
A hip hop supervisor linked to stars like Drake and Lil’ Wayne booked a brand new gig — eight months in jail for failing to pay his taxes.
Derrick Lawrence acquired the sentence Monday after pleading responsible final yr for not submitting private tax returns from 2009 to 2011. The Aspire Music Group co-founder additionally has to pay again some $600,000 he nonetheless owes the feds.
A yr forward of his tax omission, Lawrence’s firm inked Drake to a management deal. From 2009 to 2011, the rapper’s former supervisor made $2.2 million, however the IRS didn’t get the returns.
“It was by no means a disrespect to the federal government. It was a lack of understanding,” Lawrence, 48, instructed Brooklyn Federal Justice of the Peace Choose Peggy Kuo. The returns have now been filed, Lawrence mentioned, and “it’s my fault for not following up with my accountants who I employed.”
His lawyer, Stacey Richman, mentioned Lawrence was good for the cash as a result of he might at all times get work. Lawrence wasn’t residing large, Richman insisted, and is hardworking and revered within the trade.
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