Advertisement Banner

Local News & Insights

Drake’s Former Manager has been Charged for Eight Months in Prison for Evading Tax!

Written by MKTLIST Blog Team Published On : April 17, 2018 266
Drake’s Former Manager has been Charged for Eight Months in Prison for Evading Tax!

In the past Monday, Drake’ former manager Derrick Lawrence, co-founder of the Aspire Music Group label, due to the allegations towards his tax evasion from 2009 to 2011, has been sentenced to eight months prison.

His did plead guilty for this act of tax evasions for consecutive three years in April 2017 but he also said in the court that he had no intentions of doing so, according to New York Daily News.

“It was never a disrespect to the government. It was a lack of knowledge,” Lawrence said, according to the Daily News. “It’s my fault for not following up with my accountants who I hired.”

It didn’t seem that he was going through some crises as a report said that he made around US$2.2 million in that three-year time interval and completed with a huge amount of US$750,000 in back taxes.

The bad time for Lawrence has just started. Maybe he should open her music studio in the jail at this time he has to serve the federal prison not a music industry. *huh* Also he has to pay around US$600,000 to the IRS.

His lawyer, Stacey Richman suspected that Lawrence was “good for the money” because he could “always get work.” She also said that he “wasn’t living big” and is “hardworking and respected in the industry.”

Lawrence used to manage Lil Wayne and Drake in 2008 and was also connected with some open complaints by James “Jas” Prince in 2015 for breaking of some verbal agreement.

He supposedly promised to give a fee for Drake and management position. The court case was then resolved in the favor of Prince with US$11 million in 2015.

Seems like the history is repeating itself with another face. No one can suspect what Lawrence would do now!

Keep clicking MKTLIST.

Be the first to Comment

Never Miss Anything Important!

Stay updated with latest property news:
News, Prices, Listings, Brokers, Index, Trends & Articles
We Don’t Like SPAM Either!

Recently Added PropertiesView All

Amazing Ready-To-Move-In Semi/ New Kitchen/ In East End Toronto, Toronto, Ca
Beds: 3
|
Bath: 2
$ 699,000
31-Jan-2019
Stunning 4+1 Bedroom In The Highly Sought After Wychwood Toronto, Toronto, Ca
Beds: 5
|
Bath: 2
$ 1,049,000
31-Jan-2019
3beds/1 Bath/2storey Wonderfully Spacious Semi In Toronto, Toronto, Ca
Beds: 3
|
Bath: 1
$ 799,000
31-Jan-2019
Homes For Sale In Bathurst, Toronto, Ca
Beds: 1
|
Bath: 1
$ 499,000
30-Jan-2019
Homes For Sale In McCowan/Finch, Toronto, Ca
Beds: 3
|
Bath: 1
$ 650,000
30-Jan-2019
Homes For Sale In Junction, Toronto, Ca
Beds: 2
|
Bath: 3
$ 790,000
30-Jan-2019
Homes For Sale In Derry/Atwood, Mississauga, Ca
Beds: 3
|
Bath: 2
$ 614,500
29-Jan-2019
Well Maintained & Move In Ready Condition Freehold W/ 3 Bedrooms, Brampton, Ca
Beds: 3
|
Bath: 3
$ 749,999
29-Jan-2019
Spacious Free Hold Luxury Townhome With Big Backyard, Brampton, Ca
Beds: 3
|
Bath: 3
$ 599,000
29-Jan-2019
TODAYS HOT DEAL

Never Miss Anything Important!

Stay updated with latest property news:

News, Prices, Listings, Brokers, Index, Trends & Articles

We Don’t Like SPAM Either!
Advertisement Banner
MKT List

Classified Platform For Property

MKTLIST.ca is Canada’s No. 1 real estate platform that has marvelously structured the way property is bought and sold in the country. Find the best place to live your moments!