Ronald Devine, former NASCAR Cup Series team owner of the defunct BK Racing, has been indicted on federal charges, per the United States Attorney’s Office, Western District of North Carolina on Wednesday (Oct. 18).
Devine has been charged with four counts of failure to pay payroll taxes.
Per the release, Devine allegedly “caused BK Racing to fail to account for and pay over hundreds of thousands of dollars in payroll taxes.” The allegations also includes that he transferred “more than $2 million to other businesses and entities that he owned.”
The charge of failure to truthfully account for and pay over trust fund taxes carries a maximum penalty of five years in prison and a $250,000 fine for each of the four counts in the indictment.
About the author
Joy joined Frontstretch in 2019 as a NASCAR DraftKings writer, expanding to news and iRacing coverage in 2020. She's currently an assistant editor while continuing to write daily fantasy and news articles. A California native, Joy was raised as a motorsports fan and started watching NASCAR extensively in 2001. She earned her B.A. degree in Liberal Studies at California State University Bakersfield in 2010.
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