Good Government, Good Living, Good Business, and Tax Fraud
According to the website for Channahon, Illinois, one finds in the seemingly quaint village of 12,560 the following qualities: good government, good living, and good business. Sounds good.
In order to restore these qualities, the village’s leader will likely have to step down. As reported by the Chicago Sun-Times, Joe Cook, the Mayor and President of Channahon, Illinois, pleaded guilty to two counts of income tax evasion earlier today. Sounds not so good.
The plea agreement details Mr. Cook’s conduct. In short, he willfully failed to file both personal and corporate income tax returns. Each count carries a maximum sentence of one year’s imprisonment and a maximum fine of $100,000. He faces sentencing on January 17, 2012.
Apparently, Mayor Cook would not be legally compelled to resign as a result from pleading to the misdemeanors. Ultimately, his struggle to obtain forgiveness and regain trust from the village’s residents may prove to serve a larger punishment than the one to be delivered by a federal judge early next year.