By Curt Cavin, The Indianapolis Star
Two-time Indianapolis 500 champion Helio Castroneves is expected to appear in federal court today after he was indicted on multiple counts of tax evasion Thursday in Miami.
Castroneves, a 33-year-old Brazilian who owns a home in South Florida, is charged with failing to report $5.5 million in income to the Internal Revenue Service from 1999 to 2002. Also named in the indictment were his sister Kati, who serves as his manager, and attorney Alan R. Miller.
Castroneves won the 500 in 2001 and '02. He became a national celebrity last year when he won television's Dancing With the Stars competition.
Each of the counts — one for fraud and six for tax evasion — carries a maximum penalty of five years in federal prison. Today's hearing is set for 1:30 p.m. in 7th District Court in Miami.
"This case sends a clear message that the IRS is committed to vigorously enforcing the tax laws and stopping offshore tax evasion," IRS commissioner Doug Shulman said.
Full story can be read here.
Courtesy of USAToday.com
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