TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Tuesday, November 14, 2006

On Way to Jail for Tax Fraud, Surfing Champ Says "Don't Trust Your CPA, Dude"

SurferWe previously blogged the case of Hawaiian "surf king" Sunny Garcia, the six-time winner of surfing's Triple Crown who won more than $1 million surfing, was sentenced to three months in federal prison for failing to pay taxes on the prize money.  The New York Times reports today (Ex-World Surfing Champion Looking for a Few Good Waves) that Garcia will be trying to win his seventh Triple Crown this weekend before he begins his jail sentence:

Perhaps Garcia, 36, can channel his latest troubles into success at the Triple Crown of Surfing, which begins this week — when the waves are right — in Haleiwa, Hawaii, on the North Shore of Oahu. Garcia has won the series a record six times, and this will be his last opportunity to compete before beginning a prison sentence for tax evasion.

What has Garcia learned?  "I learned one thing: Don’t trust your C.P.A., that’s for sure.”

http://taxprof.typepad.com/taxprof_blog/2006/11/surfing_champ_d.html

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