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Celebrity That Lost A Fortune: Ron Isley

Midnight Man

By Midnight Man

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Isley is an American recording artist, songwriter, record producer, and actor, and is best known as the lead singer and founding member of the family music group the Isley Brothers. He reportedly declared bankruptcy and failed to pay taxes several times during a three-year period. Afterward, the IRS seized cars, a yacht and property in 1997. His money problems eventually caught up to him then he was sentenced to three years in prison for tax evasion in 2006.

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