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  1. #1
    Atomic Punk chefcraig's Avatar
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    03.07.10 @ 05:18 AM
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    Default Winner of Indy 500 And DW/T Stars Castroneves Charged With Income Tax Evasion

    Helio Castroneves faces tax evasion charges


    Helio Castroneves -- winner of both the Indianapolis 500 and reality TV show Dancing with the Stars -- will soon be doing the tango with the IRS over multimillion-dollar tax-evasion charges in Miami federal court, U.S. authorities said.

    The famed Brazilian driver, who owns a Coral Gables mansion sporting his auto-racing trophies and two checkered flags from his Indy 500 victories, will make his first appearance in court Friday afternoon after being indicted along with a relative and a Michigan attorney.

    The 33-year-old Team Penske star is charged with failing to pay taxes on more than $5 million in income over a four-year period. His sister, Kati Castroneves, and his lawyer, Alan Miller, are accused of assisting him in the alleged tax-evasion scheme.

    The three defendants are expected to surrender to authorities and secure bonds on Friday afternoon so they won't have to spend the weekend at the Federal Detention Center in downtown Miami.

    They used an offshore corporation set up in Panama to pull off the scheme, according to an indictment filed Thursday.

    ''It is particularly pernicious when individuals with access to offshore accounts use that to avoid paying taxes,'' said Miami U.S. Attorney R. Alexander Acosta.

    Castroneves' attorney, Mark Seiden, said his client didn't knowingly violate any laws.

    ''Mr. Castroneves is a professional racing driver. He relied on the advice of tax lawyers and accountants in doing his tax planning,'' Seiden said. ``It is our position that he has not violated any laws and that he relied upon their advice in good faith.''

    But Acosta said Castroneves lied to his tax preparers, claiming he had no control over the Panamanian company when he actually did.

    Castroneves was born in Sao Paulo. Race car driving has made him a rich man.

    He won the Indianapolis 500 in both 2001 and 2002. He was the fifth driver to achieve that milestone in consecutive years. He also finished second to teammate and countryman Gil de Ferran in 2003.

    He become a bona fide American celebrity last year after winning the fifth season of ABC's reality TV show Dancing with the Stars with partner Julianne Hough.

    At his Coral Gables home, he keeps three large trophies on three stone columns in front of a window overlooking his front patio.

    ''My Dancing with the Stars trophy is the one in the middle. I love that disco ball,'' Castroneves recently told a Miami Herald reporter.

    After that wave of publicity, Castroneves started drawing as much interest in his love life as his racing career. He denied dating his dance partner.

    ''No, I'm not dating Julianne,'' Castroneves said last December when he announced he and his longtime girlfriend Aliette Vazquez had called off their engagement.

    On the race track, Castroneves has been more of a runner-up than a winner this year.

    In the IndyCar Series, Castroneves won for the first time in 30 races at the Sonoma, Calif., Grand Prix in late August. Until that victory, he had finished runner-up seven times.

    Castroneves screamed with joy when he crossed the finish line, hollering, ``Bring it home, baby.''

    He has been nicknamed Spider Man for his fence-climbing celebrations. In Sonoma, he jumped out of his No. 3 Dallara Honda at the finish line and scaled a short fence behind the pits to celebrate with fans.

    'They kept telling me, `Push, push, push.' That was fun, a lot of fun,'' Castroneves said. ``Oh my God, this is awesome. We've been close so often. We never lost faith.''

    For Castroneves, it was his 13th IndyCar Series victory.

    In early September, Castroneves finished second in the Detroit Grand Prix, closing the gap between himself and his first 2008 IndyCar Series driver championship. However, he wound up finishing second to series champ Scott Dixon of New Zealand.
    "The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man."
    George Bernard Shaw

  2. #2
    5150 HuBBs5150's Avatar
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    05.26.15 @ 04:03 PM
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    i love how they spent more time talking about his whole career than they did about his tax evasion. brilliant writing.

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  3. #3
    Atomic Punk smithjc's Avatar
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    06.20.18 @ 09:29 PM
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    How anybody can have income and think they can avoid taxes is something. And off-shore accounts don't sound good for much at all, at least to me. One thing's for sure, you can't hide from the tax man.

    That's too bad for the guy but I don't see how he thought he could get away with it. I know I wish I could get out of paying taxes but I'm not much of a jailbird.
    RIP - Classic Van Halen

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