CNC Execs Charged

LOS ANGELES – Federal prosecutors here charged several current and former executives of Oxnard, Calif.-based Haas Automation – including the company’s owner – on tax-fraud charges in late June.
In a 52-page indictment, the government accuses Gene Haas, along with Denis Dupuis, a former general manager, and Robert Cable, a former salesman, of running an invoicing scheme to create false tax deductions. Prosecutors allege that the operation resulted in an underpayment of $12.5 million in Haas’ personal income taxes and $7.7 million in corporate federal taxes in 2000 and 2001
A statement from Haas Automation said that Haas is not guilty of the charges. Federal agents arrested Haas on June 19.
Prosecutors argued that Haas would be a flight risk and asked for bail to be denied. However, a federal judge released Haas on $10 million bond on June 23.
The indictment has no effect on the company, according to the statement from Haas Automation.