Tax

Top Chicago lawmaker indicted on federal tax charges

Reuters News
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Posted: Feb 23, 2012 3:53 PM

CHICAGO (Reuters) - A top Chicago lawmaker was indicted on Thursday on federal tax charges for allegedly diverting campaign funds and other monies for his own personal use and failing to report it to the Internal Revenue Service as income.

The four count indictment alleges that Cook County Commissioner William Beavers paid himself more than $225,000 between 2006 and 2008 from campaign funds and a county expense account and that he used at least some of the money for personal purposes, including gambling.

Beavers served as a member of the Chicago city council from 1983 until 2006, when he was elected as a county commissioner.

(Reporting by James Kelleher; Editing by Tim Gaynor)