There are some things that just must be seen in person at least once. I think that one of those is the Indianapolis 500. It’s called the greatest spectacle in auto racing for good measure. If you get the chance head to Indy over Memorial Day and catch the race.
If you went in 2001 or 2002 you would have watched Brazilian-born Helio Castroneves win back to back races. Mr. Castroneves is a Brazilian but has been residing in the United States since 1997. That means he must pay US income taxes. Mr. Castroneves apparently didn’t like that idea.
While most of us don’t like it but pay he allegedly decided on a different course of action. Mr. Castroneves received $6 million in pay. Of that, $5 million allegedly moved through a Panamanian shell company to evade US taxes. At least, that’s what the government alleges in a seven-count indictment against Mr. Castroneves, his sister Katiucia, and his attorney, Alan Miller. There’s one count of conspiracy and six counts of tax evasion.
Among the other items contained in the indictment are allegations that Mr. Castroneves lied to his tax attorney and accountant, that Mr. Miller and Mr. Castroneves lied to another law firm, and that the trio allegedly prepared false tax returns. If found guilty they’ll be watching a few Indy 500s at ClubFed and he’ll miss participating on Dancing with the Stars (which he won last year).