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Tax Evasion

(Credit: CBS)

Former Countryside Police Chief Facing Federal Charges

The former police chief of west suburban Countryside was indicted Wednesday on federal fraud and money laundering charges connected to a non-profit helicopter program he ran.

03/12/2014

Ty Warner, creator of Beanie Babies toys. (Photo by Chris Hondros/Getty Images)

Beanie Babies Founder Gets Probation For Tax Evasion

The billionaire creator of Beanie Babies avoided prison Monday, when he was sentenced to two years of probation for evading taxes by hiding millions of dollars in a Swiss bank account that contained more than $100 million at one time.

01/14/2014

Cook County Commissioner William Beavers arrives at court for his arraignment on federal tax charges on March 2, 2012. (CBS)

Judge Denies Beavers’ Bid To Stay Out Of Jail Pending Appeal

A federal judge has denied former Cook County Commissioner William Beavers’ request to remain free on bond while he appeals his conviction on tax evasion charges.

11/26/2013

FBI

Federal Informant Found Dead Of Apparent Suicide

Michael DiFoggio, 58, was found inside the office of his business in the 3200 block of South Shields Avenue, around 10 p.m. Tuesday, with an apparent self-inflicted gunshot wound to the head.

10/30/2013

court-generic-2

Beanie Babies Founder Cries, Pleads Guilty

The billionaire who created Beanie Babies has pleaded guilty to a tax evasion charge that could send him to prison for years.

10/02/2013

Cook County Commissioner William Beavers arrives at court for his arraignment on federal tax charges on March 2, 2012. (CBS)

Beavers Gets 6 Months, $10K Fine For Tax Evasion

Federal prosecutors had been seeking a sentence of nearly two years for Beavers, who was convicted in March of four counts of tax evasion.

09/25/2013

Ty Warner, creator of Beanie Babies toys.(Photo by Chris Hondros/Getty Images)

Beanie Baby Founder To Plead Guilty To Tax Evasion

Millionaire businessman Ty Warner, the creator of Beanie Babies, has agreed to plead guilty to tax evasion charges, federal prosecutors said.

09/18/2013

Jesse Jackson Jr. and Sandi Jackson arrive at the federal courthouse in Washington, D.C., ahead of their sentencing hearing on Aug. 14, 2013. (Credit: CBS)

Both Jacksons Going To Prison For Misusing Campaign Funds

Saying he used his campaign fund as “a personal piggy bank,” a federal judge sentenced former Congressman Jesse Jackson Jr. to 2 ½ years in prison for misusing $750,000 in campaign money to fund a lavish lifestyle.

08/14/2013

Cook County Commissioner William Beavers speaks to reporters at the Dirksen Federal Courthouse on March 11, 2013, as proceedings got underway in his trial on tax evasion charges. (Credit: CBS)

Closing Arguments Wrap Up In Beavers’ Tax Trial

Federal prosecutors told a jury Thursday there’s no evidence Cook County Commissioner William Beavers was taking out a loan from his campaign fund for personal expenses, but the defense argued the prosecution was trying to “bamboozle” jurors.

03/21/2013

Cook County Commissioner William Beavers speaks to reporters at the Dirksen Federal Courthouse on March 11, 2013, as proceedings got underway in his trial on tax evasion charges. (Credit: CBS)

Beavers’ Defense Rests Case At Tax Trial

Defense attorneys for Cook County Commissioner William Beavers rested their case at his tax trial on Wednesday, and the commissioner himself did not follow through on his promise to take the stand.

03/20/2013

Cook County Commissioner William Beavers arrives at court for his arraignment on federal tax charges on March 2, 2012. (CBS)

IRS Agent Links William Beavers’ Campaign Spending To Gambling Sprees

An IRS agent indicates he gave Commissioner Bill Beavers every possible break in figuring his tax liabilities, reports WBBM’s John Cody.

03/19/2013

Cook County Commissioner William Beavers speaks to reporters at the Dirksen Federal Courthouse on March 11, 2013, as proceedings got underway in his trial on tax evasion charges. (Credit: CBS)

Dramatic Opening For Defense In Beavers Tax Trial

During a losing streak at Hammond’s Horseshoe Casino in April 2007, William Beavers went back to the bank three times in less than five hours to cash a total of $6,000 in checks from his political campaign fund, prosecutors alleged as the Cook County commissioner’s trial began Thursday.

03/15/2013

Cook County Commissioner William Beavers arrives at court for his arraignment on federal tax charges on March 2, 2012. (CBS)

Judge Issues Gag Order After Beavers’ Attorneys Claim Jury Pool ‘Rigged’

Sam Adam Jr., an attorney for William Beavers, angrily told reporters Tuesday that he was “outraged” there were no black men in the 50-person jury pool. He suggested its composition was somehow fixed in advance. Beavers is black.

03/13/2013

Cook County Commissioner William Beavers (D-4th)

Beavers’ Jury Pool Has No Black Men; Defense Team Furious

At worse than 100 to 1, the odds of a randomly-selected jury pool in Chicago containing not a single black man might make even the most compulsive gambler cringe.

03/13/2013

Cook County Commissioner William Beavers arrives at court for his arraignment on federal tax charges on March 2, 2012. (CBS)

Judge: Prosecutors Can Mention Beavers’ 2005 Taxes At Trial

Judge James Zagel says prosecutors can broach a 2005 return that included a letter in which Beavers acknowledges $43,000 in campaign money as income. Zagel says it goes to prosecutors’ argument that Beavers understood the requirement to report such money.

03/12/2013

Cook County Commissioner William Beavers arrives at court for his arraignment on federal tax charges on March 2, 2012. (CBS)

Beavers’ Tax Evasion Trial Delayed Again, Until March

A federal judge has set another new date for a Chicago politician’s tax-evasion trial.

12/21/2012

Cook County Commissioner William Beavers arrives at court for his arraignment on federal tax charges on March 2, 2012. (CBS)

Beavers: ‘No Question About It, I’ll Be On The Stand’

Cook County Commissioner William Beavers vowed to take the stand in his own defense Monday as the first stages of jury selection got underway for his upcoming tax evasion trial.

12/03/2012

Cook County Commissioner William Beavers (D-4th)

Beavers Can Tell Jury He Repaid Borrowed Campaign Funds If He Testifies

A federal judge has barred Cook County Commissioner William Beavers from telling jurors at his tax evasion trial that he repaid campaign funds he borrowed after he learned of a federal investigation, unless Beavers takes the stand.

CBS Chicago–11/30/2012

Cook County Commissioner William Beavers arrives at court for his arraignment on federal tax charges on March 2, 2012. (CBS)

Judge: Beavers Can’t Tell Jury He Refused Request To Wear A Wire

A federal judge said Thursday that Cook County Commissioner William Beavers can’t tell the jury at his upcoming tax evasion trial that he shot down a request from federal prosecutors to wear a wire as part of an investigation of another prominent Chicago politician.

11/29/2012

1040 Federal Tax Return (credit: AP)

Tax Preparer Sentenced To 2 Years For Fraud

He wasn’t too smart about paying federal income taxes, and now Rimando Dumdum man is going to prison.

11/02/2012

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