KANSAS CITY, KANSAS (AP) – The former owner of a minor league basketball team has pleaded guilty in Kansas to tax evasion and bank fraud.

The U.S. Attorney’s office says 52-year-old James Clark, of Overland Park, entered the pleas Wednesday in federal court in Kansas City, Kansas.

Clark owned the Kansas City Knights, who played in the early 2000s at Kemper Arena in Kansas City, Mo.

Clark admitted withholding more than $500,000 in payroll taxes from employees of his company, SWISH Holding Corp., but failing to pay the money to the Internal Revenue Service. He used the money for other purposes, including operation of the basketball team.

Clark also admitted submitting false information to a bank when he applied and received a line of credit worth more than $1 million.

Sentencing is set for July.