Thursday, October 2, 2008

This Week's IRS "Hall of Shame" Inductee: Helio Castroneves

As reported on Yahoo! News:

Helio Castroneves, the two-time Indianapolis 500 winner and TV “Dancing With The Stars” champion, was indicted Thursday on tax evasion and tax fraud charges, accused of using offshore accounts to hide millions of dollars in income from the Internal Revenue Service.

The 33-year-old driver is charged with 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.

Let me just say again... $5.5 million. WOW.

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