From the Pacific Business News:\u00a0 “According to the indictment, Ong, 51, failed to report income he earned from selling firearms to federal, state, county and military agencies as well as the public.”<\/p>\n
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http:\/\/pacific.bizjournals.com\/pacific\/stories\/2009\/10\/05\/daily40.html<\/p>\n
Wednesday, October 7, 2009<\/p>\n
Pacific Business News (Honolulu)<\/p>\n
A federal grand jury has indicted a Hawaii firearms dealer on tax crimes, charging him with setting up phony businesses to hide the money he made from selling weapons.<\/p>\n
Arthur Lee Ong, who owns Magnum Firearms in Honolulu, is charged with defrauding the federal government and six counts of tax evasion from 2000 to 2005, the U.S. District Attorney\u2019s office in Hawaii said Wednesday.<\/p>\n
According to the indictment, Ong, 51, failed to report income he earned from selling firearms to federal, state, county and military agencies as well as the public.<\/p>\n
He created multiple businesses, falsified tax returns to hide his income, and evaded more than $300,000 in taxes during the five-year period, according to the indictment.<\/p>\n
Ong, 51, will be arraigned on Oct. 14.<\/p>\n
Magnum Firearms, at 940 Queen St., describes itself as one of Hawaii\u2019s leading firearms dealers. In addition to its Kakaako showroom, it has a shooting range and is an NRA-certified training facility that provides mandatory firearms safety courses.<\/p>\n","protected":false},"excerpt":{"rendered":"
From the Pacific Business News:\u00a0 “According to the indictment, Ong, 51, failed to report income he earned from selling firearms to federal, state, county and military agencies as well as the public.” >><< http:\/\/pacific.bizjournals.com\/pacific\/stories\/2009\/10\/05\/daily40.html Wednesday, October 7, 2009 Feds indict Honolulu gun dealer on tax charges Pacific Business News (Honolulu) A federal grand jury has … <\/p>\n