“Defendant knew that the total income substantially exceeded that amount,” charging documents read. Link was charged with tax evasion in the US District Court in Chicago in August of this year.<\/p>\n
Link announced last month that he was stepping down as chairman of the Lake County Democratic Party, a post he held for 28 years. At the time, however, he asked his constituents to allow the legal process to play out.<\/p>\n
\nI can assure you that there is a lot more to the story. I respectfully request that you not be too quick to rush to judgment. Hopefully, in time, the entire true story will come out, and maybe everything will make sense and you will understand the truth,” Link explained.<\/span>\u00a0<\/span><\/p>\n<\/blockquote>\nIn his notice to the Legislature late last week, Link offered only a two-sentence declaration announcing his resignation. It ends his 24 years in the Illinois Senate.<\/p>\n
Democratic Party officials from Link’s 30th District will name his replacement. That person will serve out Link’s term, which expires in January in 2023.\u00a0<\/span><\/p>\nPotential Penalties<\/b><\/h2>\n
The IRS doesn’t pursue tax evasion cases against many people. But those who are investigated and charged face harsh penalties if convicted.\u00a0<\/span><\/p>\n“In order for charges to be levied, it must be determined that the avoidance of taxes was a willful act on the part of the taxpayer,” financial website Investopedia <\/i>explains.\u00a0<\/span><\/p>\nThose found guilty of tax evasion face prison time of no more than five years, and a fine of up to $250,000.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Longtime Illinois State Senator Terry Link (D-Waukegan) has resigned from office a month after being charged with filing a false income tax return. Link, 73, has long championed the legalization of commercial gambling. His wishes came true last year, when Illinois Gov. J.B. Pritzker (D) signed a sweeping law that authorized an integrated resort in […]<\/p>\n","protected":false},"author":25,"featured_media":148734,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,61],"tags":[],"acf":[],"yoast_head":"\n
Illinois Sen. Terry Link Resigns, Lawmaker Embattled in Gaming Bribery<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n