Friday, October 03, 2008

Helio Castronoves Heads to Court for Tax Fraud Case

From Yahoo News:

Two-time Indianapolis 500 winner and “Dancing With The Stars” champion Helio Castronoves was set to appear in court Friday to face allegations he used offshore accounts to hide millions of dollars in income from the Internal Revenue Service.

The 33-year-old driver was indicted Thursday on charges of conspiracy and six counts of tax evasion for purportedly failing to report to the IRS about $5.5 million in income between 1999 and 2004, according to court documents. Each count carries a maximum five-year prison sentence.

One of his attorneys, David Garvin, said he was disappointed that the tax dispute could not be resolved without criminal charges.

“Helio has always done the appropriate thing and hired accountants and attorneys he relied upon,” Garvin said. “We are of the strong belief that he did not do anything wrong. We’re looking forward to going to court.”

Blog Archive