Fifth straight day with over 10,000 new cases if military medics aiding hospitals in texas and california. High gear this week this week we have eight dow components including ibm, cocacola microsoft, intel and american express. Analysts are expecting steep decline in earnings and revenue due to the coronavirus. On wednesday, investors have a close eye on tesla. Following ition electrifying rise and been the leadership in the market. Meanwhile futures kicking off the week in the red take look at where were looking at for the opening of trading this morning. Dow futures are lower by 31 points and nasdaq is up. 6 and a half, s p 500 futures right now down five points. Last week the dow and temperature s p were at for a third week in row but a nasdaq snapped two week winning streak last week as you can see. 2020 race is on about 106 days before election day 2020. New fox news poll show presumptive candidate joe biden holding lead over President Trump but race is narrowing. Were taking a l
Libertyville businessman admits to tax evasion
Updated 5/20/2021 5:21 PM
A businessman from Libertyville pleaded guilty in federal court Thursday to evading more than $2.4 million in income taxes, according to a news release from the U.S. attorney s office for the Northern District of Illinois.
Anthony D. Panico, owner of the Libertyville-based AP Capital Management LLC, pleaded guilty to one count of tax evasion, which is punishable by up to five years in federal prison.
Between 2010 and 2017, Panico received more than $9.2 million in income he should have filed returns and paid taxes on.
Panico said he concealed his income by creating multiple business entities, misidentifying the use of funds he obtained from banks, and paying personal expenses from corporate accounts, among other methods, according to the news release.