Castroneves still awaiting full verdict

Helio Castroneves' future remains uncertain after the jury in his tax evasion trial at Miami Federal Court returned only a partial verdict

Castroneves still awaiting full verdict

The jurors have now been deliberating the case for five days, having asked for various additional clarifications during the week to help unravel the complex tax legalities at the heart of the charges.

Yesterday the jury said it had reached a verdict on two of the seven charges against Castroneves but remained hung on the others.

Judge Donald Graham kept the verdicts sealed and ordered that urged the jurors to find common ground on the remaining issues. They continued deliberating into the afternoon and will resume this morning.

The prosecution alleges that Castroneves failed to declare income from sponsorship and licensing deals worth $7 million between 1999 and 2004, having placed the money in a Panamanian company.

The defence has argued that the money was deferred income which Castroneves would not have received until later this year, and would then have paid all due tax on. His attorney has suggested that Castroneves relied on advisors to handle his finances and had no control over the company in question.

The double Indianapolis 500 winner's Penske team has always insisted that Castroneves can immediately return to its IndyCar Series programme if he is exonerated, and would have run him in this weekend's Long Beach event had a not guilty verdict come through earlier this week.

Will Power is currently deputising for Castroneves alongside St Petersburg race winner Ryan Briscoe at Penske.

shares
comments
Power: Long Beach tough for Indycars
Previous article

Power: Long Beach tough for Indycars

Next article

Castroneves acquitted in tax trial

Castroneves acquitted in tax trial
Load comments
Ranking the top 10 IndyCar drivers of 2021 Plus

Ranking the top 10 IndyCar drivers of 2021

In an enthralling 2021 IndyCar campaign, the series bounced back from its COVID-19 truncated year prior and Alex Palou defeated both the established order and his fellow young guns to clinch a maiden title. It capped a remarkable season with plenty of standout performers

IndyCar
Nov 21, 2021
How F1's other IndyCar exile finally unlocked his potential Plus

How F1's other IndyCar exile finally unlocked his potential

Romain Grosjean's swashbuckling rookie year in IndyCar captured the imagination of many in 2021. But another ex-Formula 1 driver whose potential was masked by five years of toil in, at best, middling machinery also enjoyed a breakout year in 2021 - winning twice and finishing sixth in points. Here's how Marcus Ericsson finally delivered on his promise

IndyCar
Nov 16, 2021
How Ganassi's relentless new champion outfoxed IndyCar's best Plus

How Ganassi's relentless new champion outfoxed IndyCar's best

IndyCar sophomore Alex Palou stunned by overcoming team-mate Scott Dixon and the rest of a white-hot field in 2021. He was consistently fast and crucially showed a level head, rebounding well from setbacks to put himself in a near unassailable position entering the final round

IndyCar
Nov 4, 2021
Have Harvey and RLL formed IndyCar’s next winning match-up? Plus

Have Harvey and RLL formed IndyCar’s next winning match-up?

Despite appearing to have an IndyCar job for life with Meyer Shank Racing, Jack Harvey’s departure and move to Rahal Letterman Lanigan Racing sparked plenty of debate. However, Harvey's and RLL's combined strengths could prove to be a winning combination - if they get the balance right

IndyCar
Oct 17, 2021
Remembering Dan Wheldon and his last and most amazing IndyCar win Plus

Remembering Dan Wheldon and his last and most amazing IndyCar win

Saturday 16 October marks the 10th anniversary of Dan Wheldon’s death. David Malsher-Lopez pays tribute, then asks Wheldon’s race engineer from 2011, Todd Malloy, to recall that magical second victory at the Indianapolis 500

IndyCar
Oct 16, 2021
Why Kyle Kirkwood is America's new IndyCar ace-in-waiting Plus

Why Kyle Kirkwood is America's new IndyCar ace-in-waiting

Kyle Kirkwood, the record-setting junior formula driver, sealed the Indy Lights championship last weekend. But despite an absurdly strong junior career and scholarship money, his next move is far from clear

IndyCar
Oct 6, 2021
Why IndyCar title glory is just the start for Ganassi's new star Plus

Why IndyCar title glory is just the start for Ganassi's new star

Newly-crowned IndyCar champion Alex Palou has been lauded as a complete driver and veteran-like in only his second season. The 24-year-old is still in the early days of his career, but the parallels are there for all to see with his six-time champion Chip Ganassi Racing team-mate who has been CGR's team leader since 2014

IndyCar
Sep 28, 2021
Why Grosjean's oval commitment shows he's serious about IndyCar Plus

Why Grosjean's oval commitment shows he's serious about IndyCar

One of motorsport’s worst-kept secrets is now out in the open, and Romain Grosjean has been confirmed as an Andretti Autosport IndyCar driver in 2022. It marks a remarkable turnaround after the abrupt end to his Formula 1 career, and is a firm indication of his commitment to challenge for the IndyCar Series title  

IndyCar
Sep 24, 2021