The son of former state Rep. Edward Acevedo was found guilty by a federal jury Monday of tax evasion charges that were an offshoot of the investigation into Commonwealth Edison’s alleged attempts to influence then-House Speaker Michael Madigan.
After a quick, three-day trial, the jury deliberated only about 45 minutes before finding Alex Acevedo guilty on two counts of willfully filing false tax returns that underreported his lobbying income by about $70,000 in 2016 and 2018, resulting in a total tax loss of about $20,000.Seated at the defense table wearing a mask, Acevedo, 37, showed no outward reaction to the verdict.
“However, when Acevedo’s truthful responses did not seem to align with what the government sought to hear, the IRS agent pivoted and began asking Mr. Acevedo questions about his 2016 and 2018 tax returns,” Meza wrote. Prosecutors alleged Alex Acevedo did most of the work on several of Apex Strategy’s contracts, including one with the Associated Beer Distributors of Illinois trade association and another with a Washington-based consulting firm working with AT&T.
“To work in the world of lobbying in consulting down in Springfield, where you’re trying to advance or defeat legislation, you have to be detail oriented,” Chapman told the jury in his closing argument Monday. Michael Acevedo, 36, pleaded guilty last month to failing to file tax returns documenting five years of revenues for Apex Strategy. He’s scheduled to be sentenced on March 15.charging the company with a yearslong bribery scheme involving jobs, contracts and payments to Madigan allies. Under the terms of a deferred prosecution agreement with the government, the charges against the utility giant will be dropped if the company continues to cooperate.. They’re scheduled to go on trial March 6.
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