Former Charlotte Checkers owner Michael Kahn was indicted Thursday for tax fraud, according to the United States Attorney’s Office.
Kahn, 65, created The Michael A. Kahn Family Foundation in 2010 dedicated to advancing charitable, religious, and educational purposes. Kahn held all leadership roles and the organization had no other officers, board members, or employees.
Between 2020 and 2023, Kahn is accused of transferring over $4.5 million from his nonprofit to himself. Court records say he failed to report these funds as income on his 2020 and 2021 tax returns. Kahn also allegedly failed to file tax returns in 2022 and 2023.
Kahn is charged with two counts of aiding and assisting in the preparation of a false tax return and two counts of failure to file tax return. He was released on bond and faces up to eight years in prison if convicted on all charges.
Kahn bought the Checkers in June 2006. He sold it to Zawyer Sports & Entertainment in 2024 but remained a minority owner.
