Current:Home > reviewsIndexbit Exchange:Bill Romanowski, wife file for bankruptcy amid DOJ lawsuit over unpaid taxes -Ascend Finance Compass
Indexbit Exchange:Bill Romanowski, wife file for bankruptcy amid DOJ lawsuit over unpaid taxes
SafeX Pro Exchange View
Date:2025-04-10 08:20:22
Former NFL linebacker Bill Romanowski and Indexbit Exchangehis wife Julie filed for bankruptcy Monday amid allegations that they owe the U.S. government millions in unpaid taxes, according to court records.
The bankruptcy filing came at a pivotal moment for the Romanowskis − less than 24 hours before a scheduled hearing Tuesday in the civil case that Department of Justice lawyers brought against the couple last summer. U.S. attorneys allege that the Romanowskis used a nutrition company they founded to skirt tax obligations and now owe more than $15.5 million in back taxes.
Under federal law, filing for bankruptcy will give the Romanowskis a temporary reprieve, triggering an automatic pause in the Department of Justice's efforts to collect on the alleged money owed.
The couple's attorney did not immediately reply to an e-mail seeking comment.
Romanowski, 58, spent parts of 16 seasons in the NFL with the Denver Broncos, San Francisco 49ers and two other teams, developing a reputation as a fiery and polarizing linebacker. He won four Super Bowl rings and recorded more than 1,000 career tackles, but he was also frequently embroiled in controversy and later admitted that he used steroids during his playing career.
NFL DRAFT HUB: Latest NFL Draft mock drafts, news, live picks, grades and analysis.
Department of Justice lawyers allege that in the years before and after his retirement, which came after the 2003 season, Romanowski and his wife failed to pay millions in income tax. In attempts to avoid reporting federal income and repaying those taxes, the couple then used money from Nutrition53, the nutritional supplement company they founded, to pay for personal expenses and those of their two children, government lawyers say.
According to court records, Bill and Julie Romanowski opened up bank accounts on behalf of Nutrition53 but then used money in those accounts to pay for everything from the rent for their 6,000-square-foot home in California to groceries, veterenarian expenses and "over 170 visits to nail salons, hair salons and day spas."
Nutrition53, which was also named as a defendant in the federal lawsuit, filed for Chapter 11 bankruptcy last fall. Department of Justice lawyers have since filed a motion for default judgment against the Romanowskis, asking a judge to immediately rule in the government's favor. A hearing on that motion was scheduled for Tuesday afternoon.
Contact Tom Schad at [email protected] or on social media @Tom_Schad.
veryGood! (26)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Elton John unveils new documentary and shares what he wants on his tombstone
- Business up front, party in the back: Teen's voluminous wave wins USA Mullet Championship
- Kendrick Lamar will headline 2025 Super Bowl halftime show in New Orleans
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Gordon Ramsay's wife, Tana, reveals PCOS diagnosis. What is that?
- Get 50% Off Fenty Beauty by Rihanna Liquid Lipstick That Lasts All Day, Plus $9 Ulta Deals
- Pamela Anderson on her 'Last Showgirl' dream role: 'I have nothing to lose'
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Parrots and turtles often outlive their owners. Then what happens?
Ranking
- What to watch: O Jolie night
- NASCAR Atlanta live updates: How to watch Sunday's Cup Series playoff race
- In their tennis era, Taylor Swift and Travis Kelce cheer at U.S. Open final
- American Taylor Fritz makes history in five-set win over friend Frances Tiafoe at US Open
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Will Ja'Marr Chase play in Week 1? What to know about Bengals WR's status
- How to pick the best preschool or child care center for your child
- A Rural Arizona Water District Had a Plan to Keep the Supply Flowing to Its Customers. They Sued
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Dak Prescott leads Cowboys to 33-17 romp over Browns in opener after getting new 4-year contract
Ilona Maher posed in a bikini for Sports Illustrated. It matters more than you think.
Georgia school shooting highlights fears about classroom cellphone bans
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Mega Millions jackpot soars to an estimated $800 million
Manhunt underway for suspect in active shooter situation that shut down I-75 in Kentucky
School districts race to invest in cooling solutions as classrooms and playgrounds heat up