Posted at: 02/21/2013 7:54 PM
By: The Associated Press
ALBUQUERQUE, N.M. (AP) - The former director of an economic development project for the Navajo Nation has pleaded guilty to federal tax evasion.
New Mexico prosecutors say 62-year-old Hak Ghun entered into a plea agreement Thursday with the U.S. Attorney's Office.
They say Ghun will be given a prison sentence of 12 to 18 months and must pay nearly $250,000 in restitution to the Internal Revenue Service.
Ghun, of Durago, Colo., was accused last April of evading nearly $368,000 in federal taxes in 2005 to 2007.
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.
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