Jim Thorpe sentenced to one year in jail
Posted on 26. Jan, 2010 by Dana Nichols in Financial, Golf Crime, Pro Athlete
After pleading guilty for tax evasion in September 60-year-old Jim Thorpe has been served with a one-year jail sentence for the failure to pay more than $2M in income taxes.
A Florida court ruled that Thorpe must surrender to the Bureau of Prisons by the first of April for the start of his jail term.
During the 450+ tournaments that Thorpe played on the PGA Tour including three top-10 major finishes Thorpe has earned more than $13M in career earnings and did not file any tax returns during 2002, 2003 and 2004 until after he was confronted by Internal Revenue Service agents.
According to legal court documents the unreported income was $5.36M and $2.06M in tax losses.
Immediately following the one year jail term is a mandatory two year supervised release and 200 hours of community service. Thorpe is also required to make efforts to repay the tax during his supervised release.
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