MIAMI (AP) — Helio Castroneves' father says he was the one who set up a Panamanian company that prosecutors contend was used to dodge taxes.
Establishing who controlled Seven Promotions is a key issue in the driver's Miami tax evasion trial. Prosecutors say Castroneves secretly ran the company involved in managing his income and is therefore liable for more taxes than he paid.
But Helio Castroneves Sr. testified Friday that he set up Seven Promotions. Defense lawyers have said that because the father set up the company, the driver was paying the proper amount in taxes.
Katiucia Castroneves, the driver's business-manager sister, and his Michigan lawyer Alan Miller, are also being tried on charges the three conspired for the driver to avoid paying taxes on $5.5 million in income.
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