Joann Levitt and IRS agent testified this morning that the Indy 5000 winner Helio Castroneves owes at least $2.3 million Levitt is the final prosecution witness and the defense will present its case next week. The IRS is accusing Costroneves of of setting up a Panama-based shell corporation solely for the purposes of protecting U.S.-earned income from the IRS. Then they used stall tactics to keep royalty payments frozen until they come come up with a plan to have them delivered to an off-shore tax haven, most likely Monaco.
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