Former Rep. Acevedo Pleads Guilty in ComEd Probe
Sources say Aurora Mayor Richard Irvin polled over the weekend gauging potential support to enter the GOP primary for Governor. A spokesman reiterated an October story claiming there is “no way” Irvin runs for Governor.
Former State Representative Eddie Acevedo has pleaded guilty to tax charges connected with the long running Commonwealth Edison probe.
More from the Chicago Tribune:
Acevedo, 58, entered his plea to one count of tax evasion during a hearing via videoconference before U.S. District Judge Matthew Kennelly. Preliminary sentencing guidelines call for up to a year in prison when he’s sentenced March 9, though Acevedo could qualify for probation.
Acevedo became the latest to be convicted as part of a wide-ranging investigation involving an alleged scheme by ComEd to bribe former House Speaker Michael Madigan to assist the utility with legislation it wanted in Springfield.
The relatively minor charges he was indicted on, however, made no mention of the ComEd bribery or Madigan. His plea agreement reached with prosecutors on Tuesday also does not contain any deal to cooperate in the ComEd investigation.
According to the agreement described in court Tuesday, Acevedo evaded taxes owed on income from his consulting business from 2015 to 2017, costing the Internal Revenue Service a total of about $37,000.
After Acevedo discovered he was under criminal investigation by the IRS, he had his accountants work up draft reports for the years in question that contained ”incomplete information” about his consulting business’ income and expenses, Assistant U.S. Attorney Amarjeet Bhachu said.
There is speculation the minor charge against Acevedo could be a sign he is cooperating in the investigation of Madigan, though authorities have not confirmed Acevedo’s cooperation.