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Dancing With The Stars: Helio Castroneves In Trouble For Tax Evasion

April 10, 2009 05:00 PM by Britteny Elrick

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Brazilian Helio Castroneves is a world famous Indy car racer, who has twice won the Indianapolis 500. He became even more famous when heanddance partner Julianne Hough won Dancing With The Starsin 2007. Lately, things aren’t looking so well for Helio…

According to Assistant U.S. Attorney Jared Dwyer, since 1999 Helio, his sister, business manager, and lawyer haveengaged in an “intricate pattern of deception and attempted to skip out on taxes that all must pay, regardless of how rich, regardless of how famous. We have proved that beyond a reasonable doubt.” Allegedly, Helio and others attempted to conceal the fact that he had ownership ofthe Panamanian shell company, Seven Promotions, and lied about his income.

The evidence suggests that Helio owes approximately $2.3 million in back taxes. The jury was supposed to commence this afternoon and if convicted, all of the them could face up to six years in prison on tax evasion and conspiracy charges.

Helio and his sister deny that they willfully evaded taxes and that their deductions were legitimate. He claimshehad other people in charge of handling his finances. He also says his father controlled Seven Promotions and that all income was his father’s and he was not responsible for the tax liability. His father has financed and promoted Helio’s career for over 10 years.

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Photo Credits: abc.com

Topics: ABC Reality TV Shows, Dancing With the Stars |

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