Back in December, Fat Joe pleaded guilty to tax evasion. He is currently facing jail time for failing to pay around $700,000 in income taxes for 2007 and 2008. While on MTV RapFix yesterday, he appears ready to take full responsibility for his actions.

"I can't really explain that 'cause I got a real court case going on, like facing jail time. But I guess after June 24. Hopefully, it goes well," Joe said.

Joe wasn’t going to accept the blame without clarifying a few things. The Terror Squad leader says there were other people involved that contributed to his financial problems. More specifically, Joey notes “fancy guys in bow ties.”

"You gotta understand we hire guys who are supposed have Harvard degrees to take care of us," he said. "All the time you see artists, the first thing they did to you when you caught money was introduce you to a bunch of fancy guys with bow ties who are gonna take care of your money and all that and then you always see an artist or a celebrity or somebody like that goin' down for it and these guys never go down for it."

The most recent cases are Lauryn Hill and Mary J. Blige who are dealing with tax evasion problems. Fat Joe could face up to two years in prison.

[via MTV]