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2 Oct 2008, 21:09 (Ref:2303062)
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#1 | ||
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Veteran
Join Date: Feb 2003
Posts: 3,809
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Helio in BIG trouble...
...being charged with tax evasion.
Up to 5 years inside if found guilty. Per charge. He faces seven charges. |
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__________________
Birmingham City FC. Founded 1875. League Cup Winners 2011. 
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2 Oct 2008, 21:12 (Ref:2303068)
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#2 | ||
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Racer
Join Date: Jul 2004
Posts: 296
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Welcome to Wesley Snipes hell.. similar amount of charges:
http://en.wikipedia.org/wiki/Wesley_...ax_convictions He got 3 years. Lets hope Helio isn't guilty. |
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2 Oct 2008, 22:09 (Ref:2303101)
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#3 | ||
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Veteran
Join Date: Jan 2003
Posts: 4,536
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wow NOT good press for the Indycar boys
and WTF? who would evade taxes how could anyone- you have to file... unless he isn't a US citizen then maybe he thought he got around it. fly to Brazil young Helio! |
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__________________
SuperTrucks rule- end of story. Listen to my ramblings! Follow my twitter @davidAET I am shameless ...
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3 Oct 2008, 00:15 (Ref:2303138)
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#4 | ||
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Veteran
Join Date: Oct 2006
Posts: 737
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This could be a very complicated situation. Is he still a Brazilian? What is his status in the US? Does he hold US citizenship. It involves offshore corporations and were the funds legally moved there. We all know the US tends to think that they are all powerful (they are) and International Law does not apply to them. Their courts do not always agree with this.
Where will Roger Penske stand in this? I am sure Helio had top notch legal and tax experts advice on what was done and possibly Penske's tax people were involved. Even the IRS would be nervous about taking on Roger. He may or may not be guilty. Maybe he will end up as cell mate to Lord Black of Cross Harbour! |
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__________________
I am really just like a little kitten. Just a baby Puma!
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3 Oct 2008, 11:02 (Ref:2303364)
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#5 | ||
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Veteran
Join Date: Dec 2003
Posts: 2,132
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I don't think the IRS would have proceeded with this in such a high profile case if they were not sure of a result. Probably be a plea bargain to reduce court time but i imagine that a some form of prison sentence (possible deportation, if he is not a US citizen) would be unavoidable (aka Wesley Snipes ). Penske/Philip Morris will have to release him from his contract to avoid negative publicity attaching itself to them. He may enjoy many tales of greed in prison with the credit crunching bankers, silly boy.
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__________________
"Racing is Life. Anything before or after is just waiting"
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3 Oct 2008, 12:03 (Ref:2303391)
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#6 | |||
 Race Official1% Club
Join Date: Dec 2002
Posts: 46,863
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Quote:
 
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__________________
Go woke, Go broke… Here’s hoping a random universe works out in your favour..
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3 Oct 2008, 12:33 (Ref:2303409)
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#7 | ||
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Veteran
Join Date: Jul 2007
Posts: 1,244
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Talk is that Penske (as in the Captain) could be implicated as well.
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__________________
"On a given day, a given circumstance, you think you have a limit. And you then go for this limit and you touch this limit, and you think, 'Okay, this is the limit.' And so you touch this limit, something happens and you suddenly can go a little bit further. With your mind power, your determination, your instinct, and the experience as well, you can fly very high." -Ayrton Senna
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3 Oct 2008, 12:59 (Ref:2303433)
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#8 | ||
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Veteran
Join Date: Dec 2003
Posts: 2,132
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You can find the indictment papers on the Internet. Roger P has not been indicted for any offence.
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__________________
"Racing is Life. Anything before or after is just waiting"
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3 Oct 2008, 18:30 (Ref:2303587)
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#9 | ||
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Veteran
Join Date: Jan 2003
Posts: 9,215
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He pleaded not guilty to all seven counts in Miami's federal Courthouse this afternoon.
Bail was set at $10 million and was made. According to TMZ, he was brought into the courtroom in cuffs and shackles and cried through the hearing. He had to surrender his passport, but he will be able to drive at the ALMS "Petit Le Mans" race on Saturday. |
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__________________
Finally... One American Open Wheel Series!
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3 Oct 2008, 18:36 (Ref:2303592)
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#10 | ||
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Veteran
Join Date: Dec 2003
Posts: 2,132
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Not going to Surfers then i guess,
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__________________
"Racing is Life. Anything before or after is just waiting"
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3 Oct 2008, 18:46 (Ref:2303596)
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#11 | ||
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Racer
Join Date: Jun 2005
Posts: 282
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Ah right so greedy pig banks can mess everything up then get bailed out ready to do it all again, but Helio has to do time because of a relatively tiny amount of worthless US$ in tax that would just help bail out the banks...ah such a justice filled world ain't it. I wonder how much tax Wal-mart, Tesco ec. avoid via offshore strategies? Are they being investigated thoroughly..NO.
/rant mode off |
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3 Oct 2008, 18:53 (Ref:2303602)
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#12 | ||
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Veteran
Join Date: Jun 2004
Posts: 1,527
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assuming he is banged to rights (and as you say, the IRS wouldn't pursue if they weren't pretty sure), he won't be going to any US series races for a while - would be risky PR for a team to hire him [don't forget he is well known even to the general public thanks to dancing with america's got talent on ice]
Meira/Montagny/Rossiter/Matos/Allmendinger... place your bets now |
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__________________
There's an old F1 adage, 'If you want to finish first, first you have to be a duplicitous little moaning git'
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3 Oct 2008, 19:49 (Ref:2303635)
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#13 | ||
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Veteran
Join Date: May 2006
Posts: 5,100
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If it's to do with offshore stuff remember that the US government think that they have juristiction everywhere but the courts do not always agree.
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__________________
Marbot : "Ironically, the main difference between a Red Bull and a Virgin is that Red Bull can make parts of its car smaller and floppier."
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3 Oct 2008, 20:36 (Ref:2303676)
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#14 | ||
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Llama Assassin and Sheep Botherer
Veteran
Join Date: Sep 2002
Posts: 4,212
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No jail will hold Spiderman.
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3 Oct 2008, 20:55 (Ref:2303690)
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#15 | |||
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Veteran
Join Date: Sep 2008
Posts: 1,561
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Quote:
If for some reason Helio doesnt race next season, maybe Sam Hornish will come back. Paul Tracy even. |
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__________________
" Danica Patrick -2012 Nationwide Series Champion "
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3 Oct 2008, 23:57 (Ref:2303765)
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#16 | |||
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Veteran
Join Date: Jul 2002
Posts: 5,073
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Quote:
The Lord giveth, and the Lord taketh away. What the IRL gained with Helio via "Dancin' with the Stars" it stands to lose and then some IF this turns out to be true. Not sure, DanicaFan, that the Captain has recovered from the loss of chassis' the last time PT was in his stable lo these many years ago. I bet he still has nightmares about replacement costs...PT just doesn't fit the Penske driver mold though - no pun intended. Hornish? Who knows - wouldn't mind seeing a hungry Allmendinger in a top ride. |
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__________________
"He's still a young guy and I always think, slightly morbidly, the last thing you learn is how to die and at the end of the day everybody learns every single day." - The Ever-Cheerfull Ron Dennis on Lewis Hamilton.
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4 Oct 2008, 00:10 (Ref:2303771)
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#17 | |||
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Veteran
Join Date: Jul 2002
Posts: 5,073
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Quote:
Hey, wait a tick! I get paid in those worthless dollars! Maybe I could talk to my boss about getting paid in Loonies at the least or perhaps Euros.... |
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__________________
"He's still a young guy and I always think, slightly morbidly, the last thing you learn is how to die and at the end of the day everybody learns every single day." - The Ever-Cheerfull Ron Dennis on Lewis Hamilton.
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4 Oct 2008, 00:59 (Ref:2303778)
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#18 | |||
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Racer
Join Date: Dec 2004
Posts: 374
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Quote:
 
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4 Oct 2008, 07:19 (Ref:2303852)
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#19 | |||
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Veteran
Join Date: Jun 2004
Posts: 541
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Quote:
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4 Oct 2008, 08:38 (Ref:2303864)
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#20 | ||
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Veteran
Join Date: Feb 2004
Posts: 1,065
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Look, everyone... this really isn't any of our business. This is all about his personal life. It has nothing to do with his racing ability.
What will more-than-likely happen is that as the trial goes on and it looks as if Helio may go to prison, then he may settle with an offer-and-compromise. That is where he will pay a lump sum to the IRS that both parties will agree to. BTW, 2112, funny picture! |
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__________________
Cuz trucks need love, too!
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4 Oct 2008, 11:02 (Ref:2303926)
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#21 | |||
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Veteran
Join Date: May 2001
Posts: 1,125
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Quote:
Id be suprised if Penske Team didnt take a hit of some sort |
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4 Oct 2008, 23:44 (Ref:2304412)
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#22 | |||
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Race Official 1% Club
Join Date: Dec 2002
Posts: 46,863
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Quote:
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__________________
Go woke, Go broke… Here’s hoping a random universe works out in your favour..
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5 Oct 2008, 02:07 (Ref:2304473)
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#23 | |||
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Rookie
Join Date: Apr 2006
Posts: 44
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Quote:
If your earnings are derived from employment in the US you are duty bound to pay taxes on those earnings. Why do you think most of the British F-1 drivers change their residence to MonteCarlo? That being said. Helio will most probably enter a plea agreement where he pleads guilty to most of the counts and pays a hefty fine. |
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5 Oct 2008, 12:22 (Ref:2304633)
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#24 | |||
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Veteran
Join Date: Jul 2002
Posts: 5,073
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Quote:
All anyone has to do is to recall what the antics of John Paul Sr did to the career of John Paul Jr. 'Nuff said about him. Or, see Thomas Enge. Helio is in some serious stuff and may well find himself unable to fulfill his contractual obligations to Penske. If this goes far enough down the road because he is after all innocent until proven guilty, sponsors that make it possible for Penske to do his thing may get nervous enough about further participation with Penske that the association with Helio may need to be re-evaluated. Whatever happens it is a darn shame. |
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__________________
"He's still a young guy and I always think, slightly morbidly, the last thing you learn is how to die and at the end of the day everybody learns every single day." - The Ever-Cheerfull Ron Dennis on Lewis Hamilton.
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5 Oct 2008, 14:26 (Ref:2304687)
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#25 | ||
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Veteran
Join Date: Oct 2006
Posts: 737
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Interesting that Helio could get 35 years if all charges are proven and no deal is cut.
First Degree murder in Canada calls for a maximum penalty of life which actually is a maximum of 25 years with no chance of parole for 25 years. Even then there is a clause that allows for a 'faint hope' parole earlier. Tax evasion in the US is more serious than murder in Canada! |
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__________________
I am really just like a little kitten. Just a baby Puma!
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