Ron Devine Indicted for Payroll Tax Evasion

    Jan 20th, 2025

    Summary

    Former NASCAR team owner Ron Devine faces serious legal issues, recently indicted on four counts for failing to pay payroll taxes exceeding $390,000 to the IRS. His financial troubles stem from his time as the owner of BK Racing, a team that declared bankruptcy in 2018. The U.S. Court of Appeals has upheld a ruling mandating that Devine pay $31 million in back wages related to the team's bankruptcy, showcasing the significant financial mismanagement that plagued the organization.

    The bankruptcy process revealed egregious conduct on Devine's part, with a total of 78 claims against BK Racing amounting to over $44 million. Many employees were reportedly unpaid as the team's operations wound down. Additionally, the indictment includes allegations of failing to pay over $176,000 in payroll taxes, putting Devine at risk of substantial penalties, including a maximum of five years in prison and a potential $250,000 fine per count. Despite attempts to reach a plea deal addressing some charges, the cumulative weight of civil judgments and criminal allegations paints a troubling picture for Devine within the NASCAR community.

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