Ex-business owner convicted of tax fraud and sentenced to prison

Rapid City business owner Asher Wagh was sentenced to federal prison for withholding payroll taxes from his employees. The Ammunition Component Manufacturing Company co-owner failed to pay over $273,000 in taxes between 2015 and 2017, according to court documents. Chief Judge Roberto Lange sentenced Wagh to 14 months in federal prison followed by two years of supervised release.

Wagh pleaded guilty to one count of failure to withhold, properly account for, and pay over tax in October 2023. The company dissolved in July 2022, and Wagh faced a maximum of five years in prison, a $250,000 fine and up to three years of supervised release at sentencing. However, he is currently held at the Pennington County Jail awaiting transportation to a federal prison.

The Office of Attorney General reports that South Dakota crime statistics have been increasing steadily over the past few years. For more information about these statistics or any other topic related to crime in Rapid City, contact Shalom Baer Gee at sgee@rapidcityjournal.com.

By Editor

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