A son of former state Rep. Edward “Eddie” Acevedo, caught up in the investigation of former Illinois House Speaker Michael J. Madigan, pleaded guilty Monday to cheating on his taxes to the tune of an estimated $137,000.
Michael Acevedo, 36, faces up to three years in prison for failing to file federal income tax returns for the years 2016, 2017 and 2018. Sentencing guidelines call for up to just under two years based on an early prediction in his plea agreement.Assistant U.S. Attorney Diane MacArthur told U.S. District Judge John Kness on Monday that Michael Acevedo also failed to file tax returns in 2019 and 2020 and filed a false return in 2015.
House Speaker Mike Madigan confers with Rep. Edward"Eddie" Acevedo on the bench behind the Speaker's podium in the House chambers at the Illinois State Capitol in Springfield on April 29, 2010. However, Edward Acevedo was further implicated in the Madigan scandal recently, when prosecutors expanded their case against the former speaker and his longtime confidant, Michael McClain.
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