Drake, the Ex-Manager Sentenced To Prison For Tax Evasion
Eight months in the bing.
Brooklyn, NY – Derrick Lawrence, one of the founders of Aspire Music Group, the label/management team that only pushes Drake, learned the result of his guilty plea for failing to file personal tax returns from 2009 to 2011.
The 48-year-old music mogul will serve eight months in prison for what he called an oversight.
"Never was a lack of respect for the government. It was a lack of knowledge," the NYDailyNews recorded Lawrence counting Brooklyn Federal Magistrate Judge Peggy Kuo on Monday, April 9.
"It's my fault for not following with my accountants that I hired," he continued.
Lawrence will also have to pay more than $600,000 to the federal government for back taxes.
His lawyer, Stacey Richman, said that there would be no problem to get the money taking into account the reputation that he built for himself in the music industry.
This is not the Aspire Music Group's first rodeo in a large amount of money legal snag. Jas Prince, co-accreditation for the discovery of Drake, the famous filed a multi-million dollar lawsuit in 2012 for royalty payments — a battle that is still ongoing to this day.