3Helio Castroneves – IndyCar Champion – Acquitted of $2.3 Million Tax Fraud Charges

via speedcafe.com

Helio Castroneves is one of IndyCar’s most successful drivers. He has 23 career wins including three at the Indianapolis 500, but the battle of his career took place in a court room. In October 2008, Castroneves was charged with six counts of tax evasion and one count of conspiracy. Castroneves

pled not guilty, while the IRS claimed he owed over $2.3 million in taxes. The charges centered on a contract Helio had signed with Penske Racing in the wake of driver Greg Moore’s death and a Panamanian company called Seven Promotions. After nearly two years in court, Castroneves was acquitted on all six counts of tax evasion and the remaining conspiracy charge was dropped.

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