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A South Philly rapper pled guilty to three counts of failure to file federal income tax returns Tuesday.
Dwight Grant, better known by his alias Beanie Sigel, will be sentenced Nov. 18 and could face one to three years in jail, a year of supervised release, an $100,000 to $300,000 fine and a $25 to $75 special assessment, according to court records. The Point Breeze native was released on $150,000 bail that his property on the 2200 block of Mifflin Street along with a relative’s Upper Darby home secured Feb. 23.
Grant was to remain in the U.S. Eastern District at all times and submit to electronic monitoring between 10 p.m. and 7 a.m. at his residence on the 3900 block of Gateway Drive near FDR Park, according to court records. The traveling restriction and electronic monitoring were later revised due to his need to travel for live shows.
The Internal Revenue Service gathered that Grant, 37, earned about $1.5 million between 2003 and ’05 during which he was responsible for $348,077 in federal taxes, according to his plea memorandum. While his W-2 reported income totaled $14,970, he received $626,385 in royalties from the American Society of Composers, Hitco Music Publishing and State Property Licensing and $853,782 in 1099s, which report other income aside from wages, salaries and tips, from Sony BMG, Tommy Hilfiger, UMG Recordings and Warner. The musician’s total unreported income was more than $1 million.
Contact Managing Editor Amanda L. Snyder at asnyder@southphillyreview.com or ext. 117.
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