The post Former BK Racing owner Ron Devine agrees to plea deal in federal payroll tax case appeared first on On3. Former ...
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Daily Express US on MSNFormer NASCAR owner ordered to pay $31m after court rulingA federal appeals court maintained its initial ruling mandating ex-BK Racing owner Ron Devine to pay $31 million after his team's bankruptcy and tax issues ...
The U.S. Court of Appeals has confirmed a staggering $31 million fine against Ron Devine, the former owner of BK Racing, following his indictment in 2023 for deliberately avoiding payroll taxes.
Matt DiBenedetto, driver of the #83 E.J. Wade Construction Toyota, and BK Racing owner Ron Devine - Source: Getty There has been a new development surrounding the BK Racing and its bankruptcy case.
The court found Devine used multiple corporations and family trusts as alter egos to siphon approximately $6.4 million from BK Racing. "The bankruptcy court exhibited extraordinary patience in the ...
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