Thursday, December 13, 2007

This Week's IRS "Hall of Shame" Inductee: Don King

You know him as the most reknown boxing promoter of all time. His hair has been the fuel for many jokes. He has represented some of the best fighters that this world has had to offer. And he too felt the mighty blow of the IRS.

In 1985, Don King was charged with 29 counts of tax evasion and fraud charges. Prosecutors alleged he and a partner had conspired to divert over $1 million in corporate receipts to their personal use. At the end of the fight, Don King remained standing in the center of the ring being acquitted of all charges.
"Only in America."

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