Helio Castroneves indicted on charges of Conspiracy to Defraud and Tax Evasion
Posted on October 2nd, 2008 by Hot Momma
This is really sad to hear. Race car driver Helio Castroneves who recently gained wider fame by winning “Dancing with the Stars,” is in big trouble with the IRS. He has been indicted today in Miami for allegedly not paying taxes on more than $5 million. Helio was indicted along with his sister, Katiucia Castroneves, and Alan Miller, Helio’s lawyer on charges of Conspiracy to Defraud the U.S. and Tax Evasion.
Helio and two others are accused of using “an offshore Panamanian shell corporation, Seven Promotions, to conceal and disguise the true and correct amount of Helio Castroneves’ income from the Internal Revenue Service.”
The three are charged with conspiracy “for the purpose of impeding, impairing, obstructing, and defeating the lawful government functions of the Internal Revenue Service.”
They are accused of trying to “conceal and disguise” Helio’s income. One of the charges is that Helio received $2 million in salary from a Brazilian trading company but made it appear that he only received $200,000.
The Conspiracy and Tax Evasion charges are each punishable by a maximum of five years in federal prison. Yikes!!
Source
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