Source- http://www.justice.gov/usao/nm/pr/2013/2013-02-21_ghun_pr.pdf
ALBUQUERQUE – Hak Ghun, 62, of Durango, Colo., pled guilty this morning to a
federal tax evasion charge under a plea agreement with the U.S. Attorney’s Office. Under the
terms of the plea agreement, Ghun will be sentenced to prison for a period of 12 to 18
months. He also will be required to pay $249,567 in restitution to the Internal Revenue Service
(IRS).
Ghun was charged on April 10, 2012, in a three-count indictment with evading an
aggregate of $367,809 in federal taxes during tax years 2005, 2006 and 2007. According to the
indictment, Ghun was the chief executive officer of BCDS Manufacturing, Inc. (BCDS), a
manufacturing company located in Shiprock, N.M. In 2003 and 2004, the Navajo Nation
invested economic development funds in BCDS and became the majority owner of the company,
and in 2006, obtained a $2.2 million loan for the purpose of expanding the BCDS facility in
Shiprock. The indictment alleged that, between 2005 and 2007, Ghun used BCDS funds to pay
his personal expenses and evaded his personal tax obligations on those funds by concealing his
conduct from BCDSDs corporate accountant and by filing false corporate tax returns on behalf of
BCDS.
During today’s proceedings, Ghun entered a guilty plea to Count 2 of the indictment
charging him with evading federal income taxed in 2006. In his plea agreement, Ghun admitted
that, during 2005, 2006 and 2007, he was the chief operating officer of BCDS, a company that
sought military procurement contacts as a source of economic development for the Navajo
Nation, and had access to the company’s bank accounts. Ghun also admitted withdrawing funds
from BCDS’s bank accounts and spending a significant portion of the funds for himself. Ghun
used the funds to make support payments to his ex-wife and paying for luxury cars, hotels stays
and casino gambling. Ghun acknowledged that the funds he misused were taxable as personal
income and that he failed to pay taxes on that income.
More specifically, Ghun admitted receiving gross income of $207,726 in calendar year
2005 and willfully evading approximately $29,197 in federal income taxes. He also admitted
receiving gross income exceeding $620,361 in calendar year 2006 and willfully evading
approximately $145,156 in federal income taxes, and receiving gross income exceeding
$251,435 in taxable income in 2007 and evading approximately $65,214 in taxes.
************************************************************************
Report IRS Tax Fraud by Calling 1-888-482-6825 or by visiting
No comments:
Post a Comment