BK Racing, during Devine’s tenure, operated a NASCAR racing team and held two NASCAR charters, which guarantee entry into races in the NASCAR Cup Series. The indictment points out that Devine had “sole signature authority” over BK Racing’s financial accounts and was the driving force behind its financial management. His decisions led to the non-payment of payroll taxes, causing the legal storm he now faces.
Penalties Loom Large
The U.S. Attorney for the Western District of North Carolina, Dena J. King, delivered the news of Devine’s indictment on Wednesday, shedding light on the dire consequences he might face. Each of the four counts carries a potential sentence of up to five years in prison and a fine of $250,000.
Devine’s first appearance in federal court is eagerly anticipated in Charlotte, North Carolina, a development that has kept the legal world on its toes. A sealed arrest warrant for Devine was discreetly entered into the court’s docket on Tuesday, further intensifying the anticipation.
