"NASCAR Team Owner Ronald Devine Faces Federal Indictment and Potential Prison Time"
Originally Published 2 years ago — by WYFF4 Greenville
Former NASCAR team owner Ronald Devine has been indicted on federal charges for failing to pay payroll taxes. Devine, the owner and President of BK Racing, allegedly caused the team to fail to account for and pay hundreds of thousands of dollars in payroll taxes between 2012 and 2017. Instead, he transferred over $2 million to other businesses and entities he owned and used some of the funds for BK Racing's expenses. Devine faces a maximum penalty of five years in prison and a $250,000 fine for each of the four counts in the indictment.