HI company, president plead guilty to tax charges

AP News
Posted: Dec 23, 2009 11:26 PM

Hawaii Development Consultants Inc. and company President Stanforde K. Sagum have pleaded guilty to failing to file annual general excise tax returns for three years.

The state Tax Department made the announcement Wednesday.

According to the department, Hawaii Development was ordered to pay restitution of $31,415, while Sagum was assessed a $6,000 fine.

Tax officials say the company failed to file returns for the three-year period ending in 2007.