Haas CNC Racing owner to plead guilty to tax charges: The owner of the nation’s largest maker of machine tools agreed yesterday to plead guilty to conspiracy in cheating the government out of $34.3 million in taxes through what the I.R.S. called “deceptive and elaborate tax evasion schemes.” The businessman, Gene F. Haas [owner of the Haas CNC Racing Nextel Cup teams #66 amd #70, Joe Custer is now listed as the owner of the teams], 55, of Camarillo, Calif., will be the fourth and last defendant to admit guilt in the case, which involves his company, Haas Automation, as well as several others. He is to change his plea to guilty on Monday. The plea agreement is subject to approval by a Federal District Court judge in Los Angeles. Back taxes, a $5 million fine, fraud penalties of 40% and interest will bring Mr. Haas’s total cost for cheating on his 2000 and 2001 taxes to more than $70 million. He also agreed to serve two years in prison. The criminal charges stemmed from three fake-invoice schemes that involved Mr. Haas’s main company as well as his NASCAR racing team and a land title company. The deception included creating a fake company in Nevada called Supermill. Mr. Haas paid three employees or associates, who have already pleaded guilty, 2 percent of what he avoided paying in taxes, according to court papers. The tax evasion apparently began with a patent infringement lawsuit against Mr. Haas. (New York Times)_
