Manny, bob, and Michael facing jail?

[checkhuk44]

It's possible boxing fans. Some of the most stringent laws in the world are tax related. Because of the amount of the principle, and the international aspect of the crime, Manny could be facing the toughest fight of his career. Criminal prosecution in the United States for tax fraud is an umbrella with many perquisites. The government only has to prove few elements for a conviction. They usually get some slack. Let's review some of them

1. Understatement of income
2. Inadequate records
3. Failure to file tax returns
4. Concealment of assets
5. Failure to cooperate with Tax authorities
6. Failure to make estimated tax payments

Manny according to reports is guilty of all threse That's a problem, let's put aside the 50 million he owes and focus on the 18 mil stateside. Here is what the peoples champion faces

- the CID, the scariest investigative team on the planet. They will tear his life apart . They will take their time, they will be public, they will expose him without emotion.
-criminal prosecution. Conspiracy charges are not far fetched. Due to the sheer size of thè principàl, multiple players, and years of concealment, this could get ugly.
-Jailtime, Pete Rose got 4 months, Chuck Berry got 5, Gucci got a year! Y'all don't want to know what they did to Willie Nelson
-Restitution, plus court fees, plus 5 years interest, the reallocation of his assets, the seizure if his American bank accounts and homes and cars
-IRS agents sitting ringside for the rest of time
-deportation if he is caught in the United States
-food for thought, Richard Hatch failed to pay taxes on the million he won on "Survivor", he got 51 months in federal prison!!!



The conspiracy charges hurt, in the USA one hand does not have to know what the other hand is doing for all hands to be guilty. This is bad for all parties. The CID could spell the end of mannys career. All they have to prove is intent, manny has to create reasonable doubt, don't see him winning that fight.

It is tragic to see this happen to the peoples champion, it makes me hate Arum even more , but Manny bears responsibility. This is of his own making, and now he has a $68 million dollar bill, and Uncle Sam nipping at his heels. God speed Manny

[Mr. David]

They're saying he owes back taxes. They're not accusing him of tax fraud.

-David

[.:: JSFD26 ::.]

I'm not informed on the whole issue but Bob would pay all that **** off before going to jail.


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[Dr Rumack]

Arum will have covered his own ass. Koncz who knows.

[BUNGALOWS]

Not a chance in Hell, Bob goes to jail. Koncz and Manny are the ones that would have to foot the bill.

Arum is a devil.

[KING MEAT]

what? IRS gonna send mercenaries to extract pac from the pines?

[Sugar Adam Ali]

arum is a harvard lawyer #1 in his class, and worked for the US treasury in the tax division..

I highly doubt he spends anytime in jail, the dude knows the ins and outs of the tax system and he is way too smart to get caught up and sent to jail for this..

Manny and koncz,,, who knows???

[mathed]

It's possible boxing fans. Some of the most stringent laws in the world are tax related. Because of the amount of the principle, and the international aspect of the crime, Manny could be facing the toughest fight of his career. Criminal prosecution in the United States for tax fraud is an umbrella with many perquisites. The government only has to prove few elements for a conviction. They usually get some slack. Let's review some of them

1. Understatement of income
2. Inadequate records
3. Failure to file tax returns
4. Concealment of assets
5. Failure to cooperate with Tax authorities
6. Failure to make estimated tax payments

Manny according to reports is guilty of all threse That's a problem, let's put aside the 50 million he owes and focus on the 18 mil stateside. Here is what the peoples champion faces

- the CID, the scariest investigative team on the planet. They will tear his life apart . They will take their time, they will be public, they will expose him without emotion.
-criminal prosecution. Conspiracy charges are not far fetched. Due to the sheer size of thè principàl, multiple players, and years of concealment, this could get ugly.
-Jailtime, Pete Rose got 4 months, Chuck Berry got 5, Gucci got a year! Y'all don't want to know what they did to Willie Nelson
-Restitution, plus court fees, plus 5 years interest, the reallocation of his assets, the seizure if his American bank accounts and homes and cars
-IRS agents sitting ringside for the rest of time
-deportation if he is caught in the United States
-food for thought, Richard Hatch failed to pay taxes on the million he won on "Survivor", he got 51 months in federal prison!!!



The conspiracy charges hurt, in the USA one hand does not have to know what the other hand is doing for all hands to be guilty. This is bad for all parties. The CID could spell the end of mannys career. All they have to prove is intent, manny has to create reasonable doubt, don't see him winning that fight.

It is tragic to see this happen to the peoples champion, it makes me hate Arum even more , but Manny bears responsibility. This is of his own making, and now he has a $68 million dollar bill, and Uncle Sam nipping at his heels. God speed Manny

My thing is how did he post pics of his taxes from the years in question if he never filed taxes? Case closed....

[Sugar Adam Ali]

My thing is how did he post pics of his taxes from the years in question if he never filed taxes? Case closed....

I think he filed his purse guarantees, but not the upside ppv revenue he collected,, I think that is what the IRS is after..

If he had an 8 million purse, arum probably took the taxes out, but if then received another 15 million thru ppv money, international broadcasts, etc and didnt claim it on his taxes, i think that is the issue manny is facing, and who knows if he ever even saw that money, but the IRS wont care if he was ripped off by koncz or arum, they just want the tax money

[-PBP-]

What did Bob do wrong? He reported his guarantee to the commission and took out 30% for tax like he was supposed to. He's covered.

This falls on Pac and Koncz I think.