Johnny Depp Returns a Favor to Nicolas Cage

Posted by K.C. Morgan Categories: Movies, Charity, Rumors

This is actually a great Hollywood story, but only if you can stop asking “really?” in regard to Nicolas Cage’s financial situation. There’s a lot of gossip surrounding the issue. Cage alleges that his business manager failed to do his job, resulting in the actor owing six million to the IRS (ouch, right?). However, different gossip points to Cage’s spending habits. The man owns two islands and almost as many cars as Jay Leno, people.

But, sure, if you extract all that it’s a pretty good story. A-list actor Johnny Depp, who evidently is better at managing his money, has decided to extend a helping hand. One movie star to another, right? As it turns out, Depp sort of owes his fame to Nicolas Cage (who owes his to Coppola, but that’s a different story).

Click to continue reading Johnny Depp Returns a Favor to Nicolas Cage

Read More | Perez Hilton

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Helio Castroneves Indicted for Tax Evasion

Posted by Veronica Santiago Categories: Sports, Television, Legal Issues

UPDATE: Castroneves was acquitted on six counts of tax evasion. A mistrial was declared on the seventh count.

Have we learned nothing from Richard Hatch and Wesley Snipes?

Helio Castroneves, the former winner of Dancing with the Stars, was indicted today for federal tax evasion. According to the indictment obtained in Miami, the 33-year-old underpaid the government between 1999-2004.

Helio, along with along with his sister (Katiucia Castroneves) and lawyer, are currently being accused of hiding over $5 million of the race car driver’s earnings. The trio allegedly tried “to conceal and disguise the true and correct amount”  by using an offshore Panamanian shell corporation. Each defendant faces charges of conspiracy “for the purpose of impeding, impairing, obstructing, and defeating the lawful government functions of the Internal Revenue Service.”

According to the Miami Herald, all three are expected to appear in federal court tomorrow morning. Convictions on all counts could equate to approximately 30 years in prison per person.

Read More | Miami Herald via E! Online

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