
James F. McDonough
Of Counsel
732-568-8360 jmcdonough@sh-law.comFirm Insights
Author: James F. McDonough
Date: February 25, 2013
Of Counsel
732-568-8360 jmcdonough@sh-law.comThe Platinum-selling rapper served most of his two year sentence for possessing illegal firearms, and was recently escorted by U.S. Marshals to another institution to serve the remainder of his sentence for tax evasion. The Associated Press noted that the rapper still has time remaining on his 28-month sentence for tax evasion, which ran concurrently with his gun crime. Ja Rule has been in protective custody during this jail stint due to his celebrity status, and may be eligible for transfer to a halfway house after six months in prison, the AP reports.
The rapper currently owes the Internal Revenue Service roughly $1.1 million in back taxes, penalties and interest. Once he is out of prison, he will also face one year of supervised release, the AP said.
Ja Rule plead guilty to illegal gun possession in 2010 after a .40-caliber semi-automatic gun was discovered in his vehicle during a traffic violation. One year later, he also plead guilty for failing to pay nearly $3 million in income taxes between 2004 and 2006.
“I in no way attempted to deceive the government or do anything illegal,” he told the judge, according to the AP. “I was a young man who made a lot of money – I’m getting a little choked up – I didn’t know how to deal with these finances, and I didn’t have people to guide me, so I made mistakes.”
Ja Rule is included with a number of celebrities residing in New Jersey who have been prosecuted for failing to meet their tax law obligations, such as Lauryn Hill and, most recently, Mary J. Blige.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Corporate consolidation involves two or more businesses merging to become a single larger entity. The result is often a stronger and more competitive company that can better navigate today’s competitive marketplace. What Is Corporate Consolidation? Corporate consolidation closely resembles a basic merger transaction. The primary difference is that a consolidation creates an entirely new business […]
Author: Dan Brecher
Business law plays a critical role in nearly every aspect of running a successful enterprise, from negotiating a commercial lease to drafting employee policies to fulfilling corporate disclosure obligations. Understanding what is business law and your legal obligations can help your business run smoothly and build productive relationships with clients, business partners, regulators, and others. […]
Author: Dan Brecher
Corporate transactions can have significant implications for a corporation and its stakeholders. For deals to be successful, companies must act strategically to maximize value and minimize risk. It is also important to fully understand the legal and financial ramifications of corporate transactions, both in the near and long term. Understanding Corporate Transactions The term “corporate […]
Author: Dan Brecher
Ongoing economic uncertainty is forcing many companies to make tough decisions, which includes lowering staff levels. The legal landscape on both the state and federal level also continues to evolve, especially with significant changes to the priorities of the Equal Employment Opportunity Commission (“EEOC”) under the Trump Administration. Terminating an employee is one of the […]
Author: Angela A. Turiano
While filing annual reports may seem like a nuisance, failing to do so can have significant ramifications. These include fines, reputational harm, and interruption of your business operations. In basic terms, “admin dissolution for annual report” means that a company is dissolved by the government. This happens because it failed to submit its annual report […]
Author: Dan Brecher
Antitrust laws are designed to ensure that businesses compete fairly. There are three federal antitrust laws that businesses must navigate. These include the Sherman Act, the Federal Trade Commission Act, and the Clayton Act. States also have their own antitrust regimes. These may vary from federal regulations. Understanding antitrust litigation helps businesses navigate these complex […]
Author: Robert E. Levy
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!