Former Illinois State Senator Pleads Guilty to Federal Tax Charge | USAO-NDIL

CHICAGO — Former Illinois State Sen. TERRANCE P. LINK pleaded guilty today to a federal tax charge and admitted willfully underreporting his income for several years.

Link admitted in a plea agreement that he willfully underreported his income on his tax returns for the calendar years 2012 through 2016.  The conduct caused total losses to the IRS of at least $71,133, and to the Illinois Department of Revenue of at least $11,527, the plea agreement states.  For the calendar year 2016, Link admitted that he underreported approximately $93,859, approximately $73,159 of which was money from a campaign fund – Friends of Terry Link – that Link spent on personal expenses, the plea agreement states.

Link, 73, pleaded guilty to one count of filing a false tax return, which is punishable by up to three years in federal prison.  He agreed to pay restitution of $71,133 to the IRS, and $11,527 to the Illinois Department of Revenue.  

U.S. District Judge Robert M. Dow, Jr., did not immediately set a sentencing date.  A status hearing was set for March 30, 2021, at 9:00 a.m.

The guilty plea was announced by John R. Lausch, Jr., United States Attorney for the Northern District of Illinois; Emmerson Buie, Jr., Special Agent-in-Charge of the Chicago Field Office of the FBI; and Kathy A. Enstrom, Special Agent-in-Charge of IRS Criminal Investigation in Chicago.  The government is represented by Assistant U.S. Attorneys Christopher J. Stetler and James P. Durkin.

Source link

Author: Editor
Website is owned by STL.News, LLC. However, website is hosted, designed and maintained by WebTech Group, a web host, and design agency based in St. Louis, Missouri. USDOJ.Today focuses on aggregating content from the US Attorney's Offices around the country. STL.News uses this content to publish national news at www.STL.News.