Haas sentenced to 2 years in Federal Prison-UPDATE
Quote selected text Published November 6th, 2007 in NASCAR News
UPDATE:
He is required to serve 85% of the sentence before being considered for release, so he will have to serve at least 20 months and 12 days in prison. Officials with the race team, which has hired Jeremy Mayfield and Scott Riggs as its drivers for next season, have indicated that it does not expect an impact from Haas’ pending imprisonment. The team is owned by Haas Automation.
When the plea bargain was agreed to in August, Haas’ attorneys released a statement indicating that Haas relied on the wrong people for financial and accounting advice and made a mistake in filing the erroneous returns.
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Haas CNC Racing team owner Gene Haas was sentenced today to two years in federal prison after pleading guilty to one count of tax fraud in August.
U.S. District Court Judge Christina A. Snyder issued the sentence Monday in accordance with guidelines set in the previously agreed to plea bargain in federal court in Los Angeles. Haas will begin serving his prison term Jan. 14, according to a news release from the U.S. Department of Justice.
Haas, who was arrested in June 2006 after a lengthy investigation, agreed to pay $34.2 million in back taxes for the years 2000 and 2001, as well as a $5-million fine. With statutory penalties and interest on the back taxes, Haas has paid more than $70 million to the government to resolve his tax issues for 2000 and 2001.
“Mr. Haas has now paid the government more than twice the amount of taxes he attempted to avoid paying,” said U.S. Attorney Thomas P. O’Brien in a statement. “This huge monetary penalty, as well as the two-year prison term, should reassure law-abiding citizens that tax evasion can and will be rooted out, and that there are significant ramifications.”
- Gene Haas starts prison term
- Former stripper sentenced in NASCAR fraud case
- Haas to plead guilty in tax plot, will serve prison time
- NASCAR driver agent pleads guilty to child sex charges, could face 75 years in prison
- Ex-NASCAR publicist pleads guilty of statutory rape
wow… that’s crazy.
I never understood rich people not paying taxes. I mean if I an average earning citizen can pay them then why shouldnt He be able to afford it.
well fisha think about it make more=higher taxes and besides i believe they tax rich even more
Still the dude has no excuse for not paying his taxes. He didnt pay them because he didnt want to pay them not because he couldnt afford it at the time.
Really though, who WANTS to pay taxes? Haas was an idiot to believe he could avoid paying $32 MILLION in taxes! Cash that large tends to get noticed. Guys like Gene Haas and Bobby Ginn are just like Angela Harkness…they are all cancers to the sport.
Wow, that is alot to not pay. At least he is paying now, ever notice that it is the rich that seem to not pay? Interesting…..
So whats happens to the HAAs racing team? and drivers and teams?
An owner going to jail for cheating the government doesn’t make it easy to attract sponsors. I bet Green and Sauter are digging this! He should get another 5 years added on for the way he runs his teams and chooses drivers.
WTF?!!! Why do celebrities and rich people decide when they get to serve their sentence. That’s crap. If I got sentenced I would be hauled off right then.
Steve wrote:
Carl doesnt actually own the team anymore. Sometime over the summer (around the Chicago race I think) he transfered ownership to somebody else.
He has a general manager, Joe Custer, that now runs the racing teams. Haas is still the owner. Like when Rick Hendrick got caught bribing Honda officials back in the 1990’s. He still owned everything, he just split it up.
Oh, so he went around paying his taxes, millions do this.
Hey, if the gov would round up all the non paying illegal Mexicons coming into this Tax paying Country we could balance the Federal budget buy Mexico, build that fence we need in Texas. Build more race tracks, feed the poor and hungry, and then some.
This is just one man in millions…………………………….