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• Jun 20, 2006 6:35 am US/Pacific
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  Haas Automotion Founder Arrested For Fraud

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Haas Automotion Founder Arrested For Fraud

OXNARD, Calif. (AP) ― The owner of an Oxnard-based company that's donated hundreds of thousands of dollars to local colleges is under arrest for allegedly trying to bilk the government out of millions in taxes.

Haas Automation owner and founder Gene Haas was arrested Monday on suspicion of conspiracy, filing false tax returns and witness intimidation.

Federal prosecutors say Haas orchestrated a plan to list $50 million in bogus expenses that it could write off as business costs.

The aim was to save the company $20 million in taxes.

Haas Automation general manager Robert Murray says the charges are bogus.

The company is one of the world's largest manufacturers of omputerized cutting machines.

(© 2006 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)