Ron Devine Guilty in Federal Payroll Tax Case
Ron Devine Guilty in Federal Payroll Tax Case

Ron Devine Guilty in Federal Payroll Tax Case

News summary

Ronald Devine, former owner of NASCAR's BK Racing, pleaded guilty in federal court in Charlotte, North Carolina, to failing to pay over $2 million in payroll taxes between 2012 and 2017, admitting to redirecting these funds to other businesses he controlled. Devine faces up to five years in prison and a $250,000 fine, with sentencing not yet scheduled. In addition to the tax case, he was recently ordered to pay $31 million stemming from bankruptcy proceedings and held liable for $2.5 million in a NASCAR charter dispute. BK Racing, which competed in the NASCAR Cup Series from 2012 to 2018, never won a race but achieved a best finish of sixth at Bristol in 2016. The team filed for bankruptcy in 2018 with millions in debts, and its assets were sold at auction. Devine has stated he still loves NASCAR and hopes to return to the sport.

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