Terry Link, the state senator from Vernon Hills who resigned, was sentenced Wednesday to probation after he pleaded guilty to federal tax evasion for underreporting his income. Link, 76, of Vernon Hills, was charged in the U.S. Northern District Court of Illinois on August 13, 2020, with one count of filing a false tax return. […]
Tag: tax evasion
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Feds charge Lake Forest doctor in alleged scheme that defrauded IRS out of $1.6 million in taxes
A doctor from Lake Forest, who was convicted 20 years ago of Medicare fraud, is facing federal charges after prosecutors say he defrauded the IRS out of $1.6 million in taxes. A federal grand jury returned an indictment Friday charging Krishnaswami Sriram, 64, of Lake Forest, with tax evasion, filing false tax returns and assisting […]
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4 years in prison for Lake in the Hills man, owner of Denny’s restaurants, who defrauded state of $3M in tax revenue
A Lake in the Hills man, who is the owner of numerous Denny’s restaurants, has been sentenced to four years in prison for defrauding the state out of more than $3 million in tax revenue. Kenneth Kilberger, 53, of the 1000 block of Mason Lane in Lake in the Hills, was formally charged in McHenry […]
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2 years in federal prison for Libertyville business owner who evaded more than $2.4 million in taxes
A Libertyville business owner was sentenced to two years in federal prison on Tuesday for failing to report nearly $10 million in income and failing to pay more than $2.4 million in state and federal taxes. Anthony D. Panico, 68, of Libertyville, pleaded guilty to one count of tax evasion in May. On Tuesday, U.S. […]
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Libertyville business owner pleads guilty to evading more than $2.4 million in taxes
A Libertyville business owner pleaded guilty to tax evasion for failing to pay more than $2.4 million in state and federal taxes over a span of several years, prosecutors said. Anthony D. Panico, 68, of Libertyville, pleaded guilty to one count of tax evasion, which is punishable by up to five years in federal prison. […]
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Crystal Lake business owner pleads guilty to defrauding IRS out of over $1 million in taxes
A Crystal Lake business owner has pleaded guilty to federal tax evasion for defrauding the IRS out of more than $1 million, prosecutors said. Gary T. Petersen, 55, of Crystal Lake, pleaded guilty on Monday to federal income tax evasion in front of U.S. District Judge Iain Johnston. Petersen was president and sole shareholder of […]
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Former state senator Terry Link from Vernon Hills pleads guilty to federal tax evasion
Terry Link, the state senator from Vernon Hills who resigned last weekend, has pleaded guilty to federal tax evasion for underreporting his income. Link, 73, of Vernon Hills, was charged in the U.S. Northern District Court of Illinois on August 13 with one count of filing a false tax return. He pleaded guilty on Wednesday […]
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Longtime Illinois state senator from Vernon Hills charged with federal tax evasion
Illinois State Senator Terry Link, who serves the Lake County area and was on the General Assembly’s ethics commission, has been charged by the feds with tax evasion. Link, 73, of Vernon Hills, was charged in the U.S. Northern District Court of Illinois on Thursday. A charging document alleges that Link reported $264,450 in income […]