General News

IRS Threaten to Seize O.J. Simpson's Property

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May 23, 2005 | 7:40am EDT

Sporting superstar O.J. Simpson is in danger of losing his Los Angeles estate and other property unless he pays the Internal Revenue Service (IRS) the $685,248 he owes in 1994 taxes, interest and penalties.

Simpson, who made his name playing football before becoming an actor, was infamously acquitted of the 1994 murders of his ex-wife Nicole Simpson and her friend Ron Goldman. However, a civil suit brought by the victims' families found him liable for their deaths.

Now, the IRS are looking into Simpson's financial affairs, following suspicions he's living off cash and hiding his assets in an attempt to get out of paying any of the millions he was ordered to pay the victims' families, writes British newspaper the Daily Star Sunday.

The IRS placed a lien on the 57-year-old's possessions earlier this month after several warnings, to guarantee payment.

IRS spokeswoman Laurie Keleman says, "What we're doing is ensuring that the property is not sold so that we can get the money that is owed to us. We can seize the property."

His ex-agent Mike Gibson, who is also being investigated by the IRS, claims he hid $1 million of Simpson assets and failed to declare another $1 million made from memorabilia sales.

Gibson says, "I am not going to jail for O.J. I told him, 'I'm going to tell the truth about where the money went and how much you received.'

Gibson also alleges the BBC paid Simpson in cash for a 1998 interview with Ruby Wax, which was never screened following a storm of controversy over the payment.

"The BBC agreed to pay O.J. £22,000 but he wouldn't take a cheque. They went to the bank and got the money in hundred dollar bills. I watched O.J. count every single bill before he'd do the interview."

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