Helio Castroneves Indicted for Tax Evasion

Posted by Veronica Santiago Categories: Sports, Television, Legal Issues,

UPDATE: Castroneves was acquitted on six counts of tax evasion. A mistrial was declared on the seventh count.

Have we learned nothing from Richard Hatch and Wesley Snipes?

Helio Castroneves, the former winner of Dancing with the Stars, was indicted today for federal tax evasion. According to the indictment obtained in Miami, the 33-year-old underpaid the government between 1999-2004.

Helio, along with along with his sister (Katiucia Castroneves) and lawyer, are currently being accused of hiding over $5 million of the race car driver’s earnings. The trio allegedly tried “to conceal and disguise the true and correct amount”  by using an offshore Panamanian shell corporation. Each defendant faces charges of conspiracy “for the purpose of impeding, impairing, obstructing, and defeating the lawful government functions of the Internal Revenue Service.”

According to the Miami Herald, all three are expected to appear in federal court tomorrow morning. Convictions on all counts could equate to approximately 30 years in prison per person.

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Miami Herald

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