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Oleg Tinkov pleads guilty to vast tax fraud

The colourful Team Tinkoff owner confessed to concealing more than US$1 billion in assets.

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Oleg Tinkov, former owner of the Tinkoff-Saxo cycling team, is currently battling extradition to the US on tax fraud charges. Tinkov appeared before Westminster Magistrates Court last Thursday, where he paid a £20 million bail to avoid jail-time as he fights extradition. US prosecutors have accused him of financial deception – specifically submitting a false …

The post Oleg Tinkov battles extradition to the US on tax fraud charges appeared first on CyclingTips.

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