Jim Thorpe is GUILTY

Jim Thorpe, a 60-year old Lake Mary, FL based professional golfer plead guilty to federal tax evasion.

A case was brought up against Mr. Thorpe at the beginning of the year and his attorney Mark Horwitz insisted that Thorpe could take the case to trial. Horwitz stated "Mr. Thorpe has pleaded not guilty for these misdemeanors for not filing his tax returns timely and not paying his tax timely."

The federal prosecutors say that Thorpe earned more that $5 million from 2002 through 2004 and did not pay a penny in taxes on any of it and charged Thorpe with seven counts of tax evasion.

Since February Thorpe made a deal and plead guilty to two counts of failure to pay income taxes. For each of the two counts Thorpe faces a $25,000.00 fine and a year in prison. Thorpe also owes a little more than $2 million in back taxes.

After the hearing all Thorpe's lawyer had to say was "Mr. Thorpe has entered his plea of guilty uh... we will have other things to say... when sentencing occurs. We anticipate the sentencing uh... sometime in January."

Thorpe's sentencing probably won't happen for at least two to three months and getting back to The Champions Tour is on Thorpe's agenda.

Jim Thorpe is ranked 38th on the Champions Tour money list and has won an estimated $330,000.00 this year and more than $13 million in prize money throughout his career.