Name: Former Democratic lawmaker, two sons hit with tax charges in ComEd lobbying probe
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Former Democratic lawmaker, two sons hit with tax charges in ComEd lobbying probe

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AdvertisementBy Chicago TribuneFeb 25, 2021 at 8:14 pmFormer Democratic state Rep. Eddie Acevedo and two of his sons were indicted Wednesday on a series of tax-related counts spanning several years.Acevedo, a former Chicago police officer, that he had been interviewed by federal authorities investigating the lobbying practices of ComEd and Exelon.AdvertisementA six-count indictment against Acevedo alleged that he attempted to evade paying taxes he owed, including by depositing cash payments into his bank account to conceal the source of income.Prosecutors contended that his gross income in 2017 was more than $130,000, and he owed nearly $20,000 in taxes. But Acevedo allegedly had an accountant file a tax extension and claim the former lawmaker owed no taxes, prosecutors said. He allegedly followed a similar pattern in 2018 and failed to file returns in other years.AdvertisementA message left for Acevedo was not returned Wednesday night.Alex Acevedo, who failed in his own attempt to win a legislative seat, was charged with two counts, both alleging he understated his gross income for 2017 and 2018.Michael Acevedo faces four counts, with prosecutors alleging that he understated his income in 2015 and didn’t file tax returns in 2016, 2017 and 2018.All three family members have at various times been registered lobbyists of state government. The former lawmaker faces a March 5 arraignment.Eddie Acevedo previously told the Tribune he had worked as a consultant paid by former state Rep. John Bradley, a Democrat from Downstate Marion and a onetime contract lobbyist for ComEd. Acevdeo said he had been paid as much as $5,000 a month by Bradley.Before Bradley, Acevedo said, he had worked as a consultant for Shaw Decremer, a former Democratic House staffer and campaign operative ousted from then-House Speaker Michael Madigan’s political organization following complaints that he was abusive.Federal authorities subpoenaed the secretary of state last year for Eddie Acevedo’s lobbying records, as well as those of his two sons and their lobbying firm, Apex Strategy LLC.Last summer, ComEd agreed to pay a record $200 million fine as prosecutors charging the company with a yearslong bribery scheme involving jobs, contracts and payments to Madigan allies.AdvertisementProsecutors said the utility attempted to “influence and reward” Madigan by providing financial benefits to some close to him, often through a key confidant and adviser at the center of the probe. In November, that key confidant, former lawmaker Michael McClain, and three others .Madigan has not been charged with any wrongdoing and has denied doing anything improper. But the ComEd scandal helped end Madigan’s reign as the nation’s longest-serving speaker last month. In the last few days, Madigan also and as . Advertisement

AdvertisementBy Chicago TribuneFeb 25, 2021 at 8:14 pmFormer Democratic state Rep. Eddie Acevedo and two of his sons were indicted Wednesday on a series of tax-related counts spanning several years.Acevedo, a former Chicago police officer, that he had been interviewed by federal authorities investigating the lobbying practices of ComEd and Exelon.AdvertisementA six-count indictment against Acevedo alleged that he attempted to evade paying taxes he owed, including by depositing cash payments into his bank account to conceal the source of income.Prosecutors contended that his gross income in...

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The Chicago Tribune is a daily newspaper based in Chicago, Illinois, United States, owned by Tribune Publishing. Founded in 1847, and formerly self-styled as the "World's Greatest Newspaper" (a slogan for which WGN radio and television are named), it remains the most-read daily newspaper of the Chicago metropolitan area and the Great Lakes region. It had the 6th highest circulation for American newspapers in 2017.

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Former Democratic lawmaker, two sons hit with tax charges in ComEd lobbying probe

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