Thursday March 14,2013 : JERRY YANG'S WORLD SERIES OF POKER CHAMP'S BRACELET ON I.R.S. AUCTION?
Is the 2007 main event champ in trouble with the taxman?
Keen-eyed industry observers spotted an intriguing US Treasury notification this week advising the public auction of some expensive watches and jewellery that included a 2007 World Series of Poker main event winner's bracelet – the year Jerry Yang emerged as the champion.
According to the notice at http://www.treasury.gov/auctions/irs/saca_anti_6678.htm the auction is taking place under the authority in Internal Revenue Code section 6331, with the property described as being seized for non-payment of internal revenue taxes due from a taxpayer.
According to the government notice the following property will be sold off:
"Corum bracelet and Corum watch won at the 2007 World Series of Poker Main Event; Corum ladies watch; Wittnauer watches; Movado watches; Rockwell Timekeeper; Raymond Weil watch; Gold herring- bone necklace and bracelet; White gold bracelet with blue sapphires and diamonds; bracelet with “Mom” inscription; 14K man’s gold bracelet with “WSOP Champ;” Man’s gold necklace with an “A’s of Hearts” pendent with white embedded diamonds (10K); silver breast plate “Hmong” cultural jewelry."
In 2007 Jerry Yang took home the $8.25 million top prize in the main event after besting an entry field of 6,357 other hopefuls. Among his winnings was a Corum watch and the winner's bracelet.
Yang has yet to comment on the auction, which is scheduled for the morning of April 4 at 4330 Watt Avenue, Sacramento, California