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Helio Castroneves indicted on tax evasion charges

Helio Castroneves has known only success in pretty much everything he's ever attempted, whether it be open-wheel racing or his fancy footwork on Dancing with the Stars. But the Brazilian-born driver is going to need more than quick feet and a knack for racing to get the Internal Revenue Service off his back. The two-time Indy 500 champ, along with his sister/business manager and lawyer, is in a world of legal hurt after being indicted by the IRS on six counts of tax evasion, which could send the talented driver to prison for up to 35 years. Castroneves was allegedly using an offshore bank account to hide millions of dollars from the U.S. government, which is a really bad idea, especially if you get caught. He received a $1 million driver agreement and $5 million licensing agreement from Penske racing for 2000-2002, and he allegedly stuffed the $5 million into an offshore account via a deferred royalty plan for which he wasn't eligible. For its part, the IRS seems intent on making an example out of Castroneves, saying "This case sends a clear message that the IRS is committed to vigorously enforcing the lax laws and stopping offshore tax evasion."
posted : 10/5/2008 @5:54:25 PM
IndyCar Series signs new television deal with VersusIf you're keen to follow the reunited IndyCar Series, you may want to call up your cable or satellite provider and add Versus to your package. The channel has secured the rights to broadcast the series, moving the races over from ESPN.Although the lesser-known Versus reaches some 20 million fewer homes than ESPN, the network is expected to offer extended coverage, with pre- and post-race shows and the possibility of Indy-related programming in between races, as well. Meanwhile, ABC has renewed its contract with IRL officials to broadcast five races – including the Indy 500 – each season. While the deal with Versus might seem like a step backwards from ESPN, the stability of consistent and extended coverage could help put open-wheel racing in America back on the map.
posted : 8/30/2008 @4:54:40 PM

92nd Indy 500 ends with pole-sitter Dixon taking checkered flag

New Zealand's Scott Dixon led the field at this year's 92nd Indianapolis 500 going into turn 1 of Lap 1 and, after surviving 200 laps of open wheel mayhem at the Brickyard, crossed the finish line first, 1.75 seconds ahead of second-place finisher Vitor Meira. Unfortunately, no one on the Autoblog team witnessed the win, the allure of barbecues and time spent with family this past Memorial Day weekend being too strong to resist. Perhaps that says something about the popularity of open-wheel racing in the U.S., though we suspect the 250,000 in attendance and larger television audience of the Indy 500 this year would disagree.

While Dixon and Chip Ganassi Racing took the win, all eyes were still on Danica Patrick to see if she could pull out the first win for a woman at the Brickyard coming off her victory in Japan last month. Unfortunately, a win for Danica was not meant to be, as her left-rear tire was tagged by Team Penske's Ryan Briscoe coming out of the pits. The contact spun out Patrick and did mortal damage to her rear axle. She was more than a bit miffed (wouldn't you?) and began a determined walk down pit row towards Briscoe's pit box, but a track security officer stopped her and prevented what could've been the race's biggest spectacle.

So the IndyCar Series' most famous race is in the bag, and it was the first since the IRL and Champ Car series reunited. Things are looking up for open-wheel racing in the U.S. despite our own disinterest, and the 92nd running of this year's Indianapolis 500 sounds like it was enjoyable to watch. Maybe we'll sit down for it next year.

posted : 5/27/2008 @9:14:28 PM
Scott Dixon grabs Indy 500 pole

Scott Dixon, racing for the Target Chip Ganassi IRL team, is your pole sitter for the upcoming Indy 500. Scott took the front spot with a 4-lap average of 226.366 MPH, about 0.5 MPH faster than last year's pole sitter. Slotting in behind Dixon is his teammate, Dan Wheldon, just a fraction slower at 226.110 MPH.

The first 22 slots in the 32-car field have been decided. Dixon and Wheldon will be followed by Ryan Briscoe, Helio Castroneves, Danica Patrick, Tony Kanann and Marco Andretti as the top six. The final 11 slots will be decided this Saturday and Sunday. The 92nd Indy 500 takes place on Sunday, May 25.
posted : 5/14/2008 @9:43:18 PM

VIDEO: Danica Patrick hits crew member on pit lane at Indy

We are soooo glad Danica Patrick hearts Autoblog because during practice at Indy yesterday, she accidentally struck a pit crew member of a competing team. Dale Coyne Racing's Charles Buckman, the chief mechanic for Mario Moraes, suffered a concussion as well as scalp and facial cuts after being hit and then sailing over Danica's car in pit row.

According to several trackside eyewitnesses, the incident was completely not Danica's fault. Apparently, Indy's pit area was busier and more congested than usual due to a weather delay, and Buckman took one step too many to the right just as Danica was pitting. He was taken to Methodist Hospital and is expected to recover fully from his injuries. For his part, Buckman says he doesn't remember many details about the incident.

People at the track said Danica and her teammates were visibly shaken by the accident. Marco Andretti saw the accident happen, and told Sports Illustrated, "It's a dangerous situation; a crowded pit lane, a lot going on. You don't like to see that kind of thing but it's not Danica's fault. Stuff happens. Racing is dangerous. We're very concerned and hopefully it will turn out good."
more ...

posted : 5/10/2008 @7:15:09 PM

Strong entry list released for 92nd Indianapolis 500

Things are looking solid for this year's Indianapolis 500 after race officials released the entry list for the first running of this iconic open-wheel race since this country's two warring open-wheel racing series merged back together in February. 39 entries have been placed, putting the complete roster within spitting distance of the record 42-car grid set in 1933. Of those 39, a solid 32 have confirmed the drivers who will race the cars, putting the list just one short of a full grid over a month ahead of the race, which will take place on May 25.

Along with such stoic racing names as Foyt, Scheckter, Andretti and Rahal, former Indy 500 winners Helio Castroneves (2001 & 2002), Buddy Rice (2004) and Dan Wheldon (2005) will return in pursuit of a repeat performance. Jason Priestly's Rubicon team is not on the list, however all three female drivers who competed last year will be back again. Twelve rookies will race for the checkered flag at the reunited event this year – including former Indy Lights champions Jay Howard and Alex Lloyd – marking an eleven-year record since 1997, the year after open-wheel racing split.

posted : 4/16/2008 @12:05:48 PM

Jason Priestley builds IRL team with plans for Indy 500 runJason Priestley, best known for his deft portrayal of Brandon Walsh on "Beverly Hills, 90210", has entered into a partnership with Jim Freudenberg, the former general manager of Kelley Racing, to start a new IRL team called Rubicon Race Team. So far, the team has only one race in which it plans to compete: the Indianapolis 500. Priestley is known as an avid racer, though he hasn't been behind the wheel much since he hit the wall at Kentucky Speedway going 180 mph in August of 2002. He broke his back and both his feet, but not his fondness for speed.

The Rubicon Race Team advisory board also includes two pro football players: Indianapolis Colts tight end Dallas Clark and Carolina Panthers punter Jason Baker. Plans are to seat a high-profile veteran driver in Rubicon's open-wheel Indy car for the big race at the Brickyard in May, though no one's been signed yet.

We don't know what Priestley's been up to since his days in California's most famous zip code, but are astonished at how long the 90210 money has lasted him. He's done other acting work since his stint on the show, including a new series called "Side Order of Life" that debuted on the Lifetime network last July, but nothing that's come close to garnering the attention or compensation of his glory days standing next to Luke Perry.

posted : 2/2/2008 @4:12:25 PM
RIP: Lou Palmer, voice of Indy, 1932-2008

We're saddened to announce the passing of Louis A. Perunko, Jr., known to racing fans as Lou Palmer, who passed away this past Saturday, January 19, 2008 at the age of 75.

Palmer was born in Wheeling, West Virginia, and was raised in Syracuse, New York. He moved to Indianapolis in 1953 and began announcing for WIBC radio in 1958. He became famous for his regular interviews of each year's winner of the Indy 500 from Victory Lane at the Indianapolis Motor Speedway, and served as a reporter and anchor for the Indianapolis Motor Speedway Radio Network reporter from 1953 to 1989, as well as being its chief in 1988 and 1989. Palmer was also an announcer on the CART radio network in the mid-90s before retiring some 10 years ago.

A memorial service will be held this coming Saturday, January 26 beginning at 1:30pm at the Camby Community Church in Indianapolis. Our condolences to the family of the dearly departed.

posted : 1/24/2008 @1:47:53 PM
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