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Green Oaks Restaurant Owner Gets 2-Years For Tax Evasion

(Chicago, IL)  A Lake County business owner is off to federal prison, after pleading guilty to income tax evasion. Anthony Panico admitted that he failed to file proper tax returns for about 9-years, in turn hiding some 10-million-dollars in unreported gains. The 68-year-old, who owned a Green Oaks restaurant, said he used the hidden money for personal expenses like college tuition for his kids. The Libertyville resident’s attorney argued for a sentence of probation, but a US District Judge decided on a two year prison term.

Tim Vander Tuuk, WXLC News (10-27-21)

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