View Full Version : Black music ex-executive pleads guilty to tax fraud

The Bobster
04-11-2017, 06:44 PM

Drake’s ex-manager pleads guilty to tax fraud
By Priscilla DeGregory
April 11, 2017 | 1:38pm

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Drake’s former manager pleaded guilty Tuesday to failing to file and pay federal taxes for three years — and now could face up to three years behind bars.

Derrick Lawrence, 47, cheated Uncle Sam by not paying taxes on the money he made in 2009, 2010 and 2011, according to Brooklyn federal prosecutors.

Lawrence made $591,612 in 2009, $652,174 in 2010 and $1,032,423 in 2011 and didn’t pay any taxes, the feds said.

He will back in court July 11 to face the music. As per sentencing guidelines, Brooklyn federal Judge Peggy Kuo could give him a maximum of three years in prison: one year for each that he stiffed the IRS.

The music executive — who has managed big names such as Drake and Lil Wayne — agreed to pay more than $750,000 in restitution, which he’s already started making good on.

Lawrence said Tuesday that he wants to take responsibility for not paying his taxes — but also blamed his accountant.

“I failed to pay my taxes, which I left in other people’s hands, which I realize was my responsibility,” he said. “I intend to rectify, and I intend to pay the consequences for my actions.”

He added: “I hired an accountant to do it, and I didn’t follow up, and it was my responsibility, but I was traveling.”

Judge Kuo pressed Lawrence: “Was there any good reason not to file taxes?”

Lawrence responded: “It was my responsibility, but I failed to.”

Kuo allowed Lawrence, who has homes in Brooklyn and Florida, to keep his passport. But he’ll need to ask the court’s permission to travel.

Lawrence’s lawyer, Stacey Richmond, said her client isn’t a flight risk because “he has two children who are graduating this year.”

Prosecutors had no beef with allowing Lawrence to travel with relative freedom.

“Because of his business, he needs to be able to travel which is fine,” prosecutor Brendan King said.

When Lawrence — free on $150,000 bond — left court, the music exec was asked if he still had any dealings with Drake or Little Lane,.

“He manages a lot of people,” Richmond answered for him. “He’s very responsible.”

She declined further comment.

Lawrence last worked as Drake’s manager in 2011, according to sources close to the R&B superstar.

04-11-2017, 07:17 PM
Former Drake Manager Pleads Guilty to Not Paying 3 Years of Income Tax (https://www.dnainfo.com/new-york/20170411/downtown-brooklyn/derrick-lawrence-drake-aspire-music-group)


Manager at label that signed Drake pleads guilty to tax evasion (http://www.***********.com/new-york/manager-label-signed-drake-pleads-guilty-tax-evasion-article-1.3043592)