CHARLOTTE — The former owner of the Charlotte Checkers is facing federal charges for tax fraud, according to an indictment unsealed on Thursday.
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Michael Kahn, 65, set up a nonprofit in 2010, held all leadership roles and transferred more than $4.5 million from the foundation to himself between 2020 and 2023, prosecutors said.
They said he did not report the earnings on income taxes.
A judge ordered Kahn to hand over his passport and was released on bond Thursday.
Kahn was charged with two counts of aiding and assisting in the preparation of a false tax return, and two counts of failure to file a tax return.
He could face up to eight years in prison.
Kahn brought the Checkers to Charlotte in 2006.
He sold the team in 2024 but remains a minority owner.
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