Ex-officer of NM project is sentenced to prison - CBS 5 - KPHO

Ex-officer of NM project is sentenced to prison

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ALBUQUERQUE, NM (AP) -

The ex-director of an economic development project for the Navajo Nation has been sentenced to a year and a day in prison for federal tax evasion.

New Mexico prosecutors say 62-year-old Hak Ghun also was sentenced Thursday to two years of supervised release and ordered to pay nearly $250,000 in restitution to the Internal Revenue Service.

Ghun, of Durango, Colo., pleaded guilty in February.

He was accused in April 2012 of evading nearly $368,000 in federal taxes in 2005 to 2007 when he was the chief executive officer of BCDS Manufacturing Inc. in Shiprock, N.M.

The tribe invested economic development funds in BCDS and became the majority owner of the company by 2004.

The indictment claimed Ghun used BCDS funds to pay personal expenses and filed false corporate tax returns.

Copyright 2013 Associated Press.  All rights reserved.

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