Owners of Albuquerque pool hall plead guilty in tax case

Judges gavel

ALBUQUERQUE (AP) – Three brothers who own a billiards hall in New Mexico have pleaded guilty in a federal tax evasion case.

Prosecutors say 51-year-old Hrant Kostanian, 59-year-old Gayk Kostanian and 55-year-old Hrair Kostanian conspired to evade federal income taxes by maintaining false books and records and filing false tax returns.

The brothers all are naturalized U.S. citizens from Armenia and own Billiards Palace in northeast Albuquerque.

They were indicted last September on one count of conspiracy and four counts of tax evasion.

Prosecutors say the three men evaded about $263,600 in corporate taxes during tax years 2007 through 2010.

Each of the Kostanian brothers faces up to five years in federal prison when they’re sentenced and will have to jointly pay full restitution to the Internal Revenue Service.

KRQE.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s