NASCAR JACKETS

2007-08-28 - Owner of Haas CNC Racing pleads guilty

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A NASCAR team owner pleaded guilty Monday to defrauding the government of more than $34 million in taxes.

Gene Haas, the 54-year-old owner of Oxnard-based Haas Automation and NASCAR's Haas CNC Racing, agreed to pay a fine, back taxes and interests totaling more than $70 million, the U.S. Attorney's office said.

Haas pleaded guilty to a felony conspiracy charge for orchestrating a plan to list bogus expenses that could be written off as business costs and save Haas Automation millions in taxes.A NASCAR team owner pleaded guilty Monday to defrauding the government of more than $34 million in taxes.

Gene Haas, the 54-year-old owner of Oxnard-based Haas Automation and NASCAR's Haas CNC Racing, agreed to pay a fine, back taxes and interests totaling more than $70 million, the U.S. Attorney's office said.

Haas pleaded guilty to a felony conspiracy charge for orchestrating a plan to list bogus expenses that could be written off as business costs and save Haas Automation millions in taxes.

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