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. […]
Tag: tax evasion
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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 […]