Gene HaasGene Haas, a reclusive entrepreneur who built a multimillion-dollar company in Oxnard, surrendered to federal authorities Monday to begin serving a two-year prison sentence. The 55-year-old Camarillo resident was convicted of conspiring to cheat the government out of millions of dollars in taxes owed by his company, Haas Automation Inc., the country’s largest machine tool builder. Haas must serve the entire prison sentence because parole isn’t granted in the federal system.

He pleaded guilty in August to one of 11 federal charges brought against him. His plea deal also requires him to pay about $75 million in restitution and fines, which he has done. The company also owns Haas CNC Racing, which has competed in NASCAR since 2002. The race team currently fields two Sprint Cup Series teams with a 2008 lineup featuring drivers #66-Scott Riggs and #70-Jeremy Mayfield. On Monday, Haas checked into the Federal Correctional Institution, a low-security prison for male inmates near Vandenberg Air Force Base near Lompoc, according to his attorney Brian Hennigan.

Haas has long been regarded as an extraordinary success who founded his company in 1983 and built it into the country’s largest machine tool builder. Haas Automation remains one of Ventura County’s larger employers, with about 1,550 workers at a manufacturing complex at 2800 Sturgis Road in Oxnard. Haas also is known as one of the county’s more generous philanthropists. According to previous company statements, Haas has not been involved in the daily operation of the business for nearly a decade and the business has not been affected by the federal charges.

Ventura County Star

Related Stories: RULES FOR COMMENTING BELOW: Profanity, inappropriate comments, racial slurs and attacking others on this blog will not be tolerated. Breaking these rules will first get your posts removed and then you will be banned. In other words, spirited debate is always encouraged here but be respectful doing it. :)

6 Responses to “Gene Haas starts prison term”  

  1. 1 Anonymous

    And his teams (66/70) are having a hard time finding good sponsors! I hope Sauter and Green are having the last laugh now. Gene, What kind of a bird can’t fly? A jailbird. And also in your case a turkey.

  2. 2 Guest

    Don’t drop the soap big homie

  3. 3 Anonymous

    Maybe Green and Sauter will send him Soap On a Rope for his birthday? lol

  4. 4 Trey

    Ha, Gene Haas looks like George Jones.

  5. 5 Justin

    Hey Gene , tell Mike Vick my pitbull is patently waiting for him to get out.

  6. 6 hot rod todd Registered User

    now thats funny trey! he just needs the big glasses

Leave a Reply

Login or Register