KANSAS CITY, Kan. (AP) The former owner of the Kansas City Knights basketball team faces charges of evading federal taxes.
Prosecutors in Kansas City, Kan., allege James Clark, Leawood, owes nearly $503,000 in unpaid payroll taxes and penalties from 2002 to 2004.
The Kansas City Star reports the charges filed March 9 accuse Clark of withholding taxes from employees of the SWISH Holding Corp., a health care consulting firm, and failing to forward them to the Internal Revenue Service. He’s also accused of trying to secure bank credit in 2004 without notifying the bank that he’d sold SWISH’s assets.
Kevin Dellett, who represents Clark, said the charges have nothing to do with the Knights, a former American Basketball Association team. He said he’s reviewing records to determine the facts behind the fraud allegations.
