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.
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.
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.
The billionaire who created Beanie Babies has pleaded guilty to a tax evasion charge that could send him to prison for years.
Federal prosecutors had been seeking a sentence of nearly two years for Beavers, who was convicted in March of four counts of tax evasion.
Millionaire businessman Ty Warner, the creator of Beanie Babies, has agreed to plead guilty to tax evasion charges, federal prosecutors said.
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.
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.
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.
An IRS agent indicates he gave Commissioner Bill Beavers every possible break in figuring his tax liabilities, reports WBBM’s John Cody.
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.
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.
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.
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.
A federal judge has set another new date for a Chicago politician’s tax-evasion trial.
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.
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.
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.
He wasn’t too smart about paying federal income taxes, and now Rimando Dumdum man is going to prison.
Facing income tax evasion charges, Cook County Commissioner William Beavers lambasted federal prosecutors on Thursday, claiming he has evidence the charges against him are trumped up.