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WSOP Finalist Michael ``The Grinder'' Mizrachi Works To Reduce Tax Lien

Written by:
C Costigan
Published on:
Aug/09/2010
Michael Mizrachi

 

2010 World Series of Poker finalist Michael “The Grinder” Mizrachi tells CBS 4 South Florida that he is working with an attorney on getting his $340,000 tax lien reduced.

``Sometimes you get into a hole, and you can't dig yourself out of it,' he told the news outlet.

Mizrachi's tax attorney, Steven Chung, says he will argue to the IRS that The Grinder exercised ``due diligence'' but did not always receive the best financial advice. ``I think he has a strong case,'' Chung said.

Gambling911.com had previously reported on Mizrachi’s South Florida home foreclosures, two of them.

That was a business decision, he says.

Mizrachi owed more than what the home was worth and decided to simply walk away.

Mizrachi estimates he lost between $600,000 and $1 million in the real estate market.

As CBS 4 points out, his fortunes have improved much faster than the financial market.  Mizrachi is guaranteed just shy of $1 million as a WSOP finalist but could end up with substantially more, up to several million in fact.  He had won the $1.56 million Players Championship this summer as well.

Why Settle For Crumbs When You Can Have The Whole Cake?  Cake Poker Is Offering Up To $650 In Free Cash When You Open An Online Poker Account Here Today.

Ace King, Gambling911.com

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