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.