The
former owner of the Kansas City Knights basketball team was sentenced
Monday to 51 months in federal prison for tax evasion and bank fraud.
James
Clark, 53, of Overland Park, pleaded guilty in April to keeping more
than $500,000 in payroll taxes from employees of his health care
consulting firm, SWISH Holding Corp., for his personal use. That
included running the Knights, a defunct American Basketball Association
franchise.
Clark
also used false tax returns to overstate the Knights’ profits on an
application for a $1.4 million line of credit from UMB Bank.
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