Helio Castroneves Not Guilty in Tax Case
His sister and business manager, Katiucia Castroneves and sports attorney Alan Miller were also acquitted. The jury was hung on one charge for Katiucia.
It marked the end to a six-week trial and more than six days of deliberation which included calls for a mistrial from Castroneves' defense team.
The three faced more than six years in prison if convicted. Castroneves was accused of failing to pay more than $2.3 million in taxes from licensing and sponsorship deals between 1999-2004.
The trial forced Castroneves to give up his seat in the IRL IndyCar Series for at least the first race of 2009 held two weeks ago in St. Petersburg, Fla. The series resumes action this weekend in Long Beach, Calif.
Check back with FanHouse for more details as the story unfolds this afternoon.