Advertisement

Archive for Saturday, October 4, 2008

Driver pleads not guilty

Castroneves faces tax-evasion charges

October 4, 2008

Advertisement

— Two-time Indianapolis 500 winner and TV "Dancing With The Stars" champion Helio Castroneves pleaded not guilty Friday to charges that he used offshore accounts to evade U.S. taxes on more than $5 million in income.

The 33-year-old race car driver, who appeared in court in handcuffs and leg chains, was ordered released on $10 million bail. His lawyer, Mark Seiden, said Castroneves would depart later in the afternoon for a weekend race in Atlanta.

Terms of Castroneves' release allow him to travel for work in the United States, but not abroad.

A grand jury Thursday indicted Castroneves on charges of conspiracy and six counts of tax evasion for purportedly failing to report to the IRS about $5.5 million in income between 1999 and 2004, according to court documents. Each count carries a maximum five-year prison sentence.

Comments

Use the comment form below to begin a discussion about this content.

Commenting has been disabled for this item.