Welcome to the conclusion of our two-part mini-series on the
impact of taxes on NFL players. Today,
we take a look at some former NFL stars that have had some—shall we say—issues
with handing over their hard-earned money to the government. Some have even tried to use the system to con
money out of the government. Two of
these names you’re sure to recognize; others you may be hearing for the first
time. Either way, they all have
something in common: each found out that
you can run, but you can’t hide from the tax man.
The Juice at his sentencing in 2008 |
O.J. Simpson: The former NFL running back (and murder
defendant) allegedly owes the State of California $1.44 million in taxes; a tax
lien was filed in his case in September 1999.
Simpson’s state of residence is now Florida, though he currently resides
in the Lovelock Correctional Center in Nevada.
In 2008 he stood trial and was found guilty for robbery charges stemming
from an incident in which he took sports memorabilia at gunpoint from a man in
Las Vegas hotel.
Lawrence Taylor: The Hall of Fame linebacker, who was featured
in Naptime Huddle’s “Stars and Legends” series, has had
his fair share of financial troubles. He
lost a significant amount of money as a victim of a scheme involving the short
sale of stock in a company he started at the end of his NFL career. His troubles didn’t end there, however. He pleaded guilty to filing a false tax return for
1990 and in 2000 was sentenced to three months of house arrest, five years of
probation and 500 hours of community service.
Of course, you may also be aware that his legal troubles have continued,
as in 2011 he pleaded guilty to sexual misconduct and patronizing an underage
prostitute. He is currently serving a
sentence of six years’ probation.
Jeffrey L. Walker: Jeffrey Walker was an offensive lineman for
the San Diego Chargers and New Orleans Saints over a six-year period in the
late 1980s. In October 2011, he pleaded
guilty to charges of wire fraud and tax evasion; he admitted two charges and
ten others were dismissed. His crime? He bilked investors in four states of at least $2.2 million
dollars. He told investors they were
buying shares in a resort project in China.
Instead, he spent the money on himself, buying luxury cars and
recreational vehicles. He also made
false statements in his federal tax returns from 2004 to 2006. Walker’s sentencing has been delayed to give
prosecutors time to identify and notify possible victims.
"Yo, Dawg! Thanks for letting me file your tax return!" |
Freddie L.
Mitchell, Jr.: The former
first-round pick wide receiver had a fairly lack-luster NFL career with the
Philadelphia Eagles on the field. Off the field, he made a habit of insulting
opponents and making his discontent over his limited role on the team public. He only lasted four years in the NFL, and his
post-football career hasn’t panned out too well, either. In 2008, he bought a barbecue restaurant in
his home town of Lakeland, Florida, but it closed in 2009. Mitchell turned himself in to authorities
last month under an indictment for federal tax fraud charges. He is accused, along with two partners, of
recruiting professional athletes to hire them to file their returns; they would
then file phony returns in the athletes’ names claiming financial losses for
businesses that didn’t exist. Nice way
to make friends, huh?
Darick Holmes: Darick Holmes is a former running back who
played for the Buffalo Bills, Green Bay Packers and Indianapolis Colts in the
late 1990s. After his retirement, he
bounced around from job to job, never really finding his calling. In August 2010, Holmes was sentenced to three
years’ probation, including one year of house arrest (a lenient sentence
compared to the recommended one year prison term), after pleading guilty to 15
counts of felony tax fraud. He had
teamed up with another man in Buffalo to teach people how to defraud the Earned
Income Credit program, which is intended to be tax relief for the poor. The pair got portions of the refunds their
“clients” received from the government.
Darick’s brushes with crime haven’t been limited to fraud, though. In February 2009, he was robbed and shot
several times while he was delivering money for a friend’s marijuana buy. His light sentence for the tax fraud was due
in large part to the testimony the judge heard about Holmes’ commitment to
mentoring at-risk youth, and guiding them away from gang membership.
So, as you get ready to file your tax returns on Monday, be
sure to keep these cautionary tales in mind, lest you be tempted to find a way around
the tax man…
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