KANSAS CITY, Kan. (AP) The former owner of a minor league basketball team has been sentenced to about four years in federal prison for tax evasion and bank fraud in Kansas.
Federal prosecutors say 52-year-old James Clark of Overland Park, was sentenced Monday to four years and three months after pleading guilty earlier to federal charges. He’s accused of withholding employees’ payroll taxes, but then failing to pay the money to the Internal Revenue Service.
Clark also admitted submitting false information to a bank when he applied and received a line of credit worth more than $1 million.
Clark owned the Kansas City Knights, who played in the early 2000s in Kansas City, Mo.
He’s also ordered to pay more than $1.3 million in restitution.
