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Mizrachi on the Up and Up

June 28, 2010

It was surprising to everyone when the poker world learned that Michael “The Grinder” Mizrachi allegedly owed the tax man an estimated $340,000 in unpaid taxes when his estimated poker winnings to date equate to about $6.7 million. Mizrachi’s financial woes have plagued him and his family for the last several months and flooded the media with the shocking news. Not to worry, however. The Grinder is on the up and up thanks to the 2010 World Series of Poker.

To settle the alleged unpaid income tax bill, Mizrachi reportedly had to sell his Hollywood, Florida home as well as his not-so-humble-abode in Miramar, Florida. Mizrachi claims that poor accounting is to blame for his financial woes. “They were doing a bad job,” he said, “I’m working on settling the liens.”

Not only is he settling the liens, but Mizrachi is living up to his nickname having clenched the first place win at the 2010 WSOP Poker Players Championship in May. At only the second event of the 2010 World Series of Poker, Michael Mizrachi won the gold bracelet and $1.6 million in cash. The best part about the win was he got to play the final table with his brother Robert, and he won his first-ever WSOP bracelet.

Commenting on the big win, Mizrachi’s wife Lily said, “It was such a big deal. It was the only thing he was missing. Winning a WSOP event was his dream, and he came so close last year in pot-limit Omaha, especially since Robert won the year before. He was really discouraged to not win that and keep it in the family.”

Mizrachi went on to win 6th place in the 2010 WSOP 7-card Stud World Championship worth $69,000; 8th place in the Limit Hold ’em World Championship worth $50,000; and a worthy 26th place in a mixed event worth only $6,300. Looks like he can pay his debts now and won’t have to worry anymore.

Written by Marcus · Filed Under Poker News 

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