Nextel Cup Team Owner Haas Arrested on Tax Fraud
Quote selected text Published June 20th, 2006 in NASCAR NewsNextel Cup team owner Gene Haas was arrested Monday on federal tax fraud charges, according to a news release from the U.S. Department of Justice.
The charges allege that Haas orchestrated a scheme in which approximately $50 million of bogus expenses were put on his Haas Automation’s books in an attempt to avoid the payment of more than $20 million in federal income taxes.
Haas is the owner of Haas Automation and owns Haas CNC Racing, which operates the No. 66 Nextel Cup car with driver Jeff Green and the No. 00 Busch Series car with driver Johnny Sauter.
“We believe that Mr. Haas is innocent of any and all charges,” Haas Automation general manager Robert Murray said in a statement. “These IRS issues revolve around the activities of a former Haas Automation employee, and we are certain that, in the days ahead, the charges against Mr. Haas will be determined completely unfounded.
“It is well [known] that Mr. Haas has paid millions of dollars in taxes over the past years. While these current circumstances are very frustrating for Mr. Haas, they will have no impact on the day-to-day or long-timer operations of Haas Automation Inc.”
Haas was being held without bail after his arraignment in U.S. District Court in Los Angeles, according to a story in The New York Times.
- Haas not looking to sell team despite legal woes
- Former NASCAR Busch owner arrested for fraud
- One Count Dismissed in Court Case for Gene Haas
- Judge denies NASCAR team owner Haas’ motions
- Haas sentenced to 2 years in Federal Prison-UPDATE
Show me the law………. where it says “we must pay taxes” Anyone seen this?
http://www.fourmilab.ch/ustax/www/t26.html
26 USC TITLE 26 - INTERNAL REVENUE CODE 01/19/04
is that law enough for ya?
like we always say.. alli hafta do is stay the color we are.. pay taxes and die. Even tho paying taxes IS almost like dying..
what i found astounding…is that “we the people” depend on “big brother” for utter survival. we dont want them looking through anything we own but its ok to take social security when we retire. social security is socialism, if we dont want taxes we dont want services. i am certainly ready to take care of myself with growing and hunting food. i am amazed at those that want the government to stay out but still want their food to be safe and for them to provide power. cant have one without the other. anyone heard of “personal responsibility”? and the law hes referring to is “the income tax law”. them specifying thats it ok to collect taxes is not enough reason to put money into the government interest coffer, which is what they do.