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FAT JOE’S MONEY WOES

June 14, 2010

The Detroit News Published the following:

http://apps.detnews.com/apps/blogs/taxingdetroitblog/index.php#ixzz0qeGNWPjh

Rapper Fat Joe looks like Sloppy Joe on taxes, mortgage

When rapper Fat Joe listed his $2 million Florida mansion for sale recently, the 39-year-old denied speculation the sale was spurred by financial woes. Yet he does have money problems, according to public records that reveal a recent $71,611 default judgment in a lawsuit filed by his bank and more than $139,000 in delinquent state and federal taxes since 2008.

Fat Joe, real name Joseph Cartagena, took out a $250,000 mortgage on the property in Plantation, Fla., through SunTrust Bank four years ago, according to this public record. The bank sued Cartagena on Jan. 20 in Broward County Circuit Court and won a default judgment against the rapper April 27 for $71,611, according to this Broward County Circuit Court record.

What else is owed:

* The state of New Jersey filed a $2,200 tax lien against Fat Joe and his Terror Squad Productions Inc. on March 18 in New Jersey State Superior Court.
* The IRS filed a $31,987 tax lien against Fat Joe on Feb. 2 with the Mercer County (N.J.) Clerk.
* The state of New Jersey filed a $105,000 tax lien against Fat Joe and Terror Squad on Aug. 14, 2008, in New Jersey State Superior Court.

His side:

Fat Joe could not be reached for comment and his music label’s publicist did not respond to a phone message and e-mail seeking comment.

One Comment leave one →
  1. nachol permalink
    June 16, 2010 12:49 am

    I knw fat joe ass is broke jus like all the other,we hav 2 rembr that the r human 2 and broke like every1 else,but the should also knw hw 2 handle ther buz 2

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