The son of former Democratic state Rep. Edward Acevedo pleaded guilty Monday to federal tax charges loosely connected to the sprawling investigation of Commonwealth Edison’s alleged attempts to influence then-House Speaker Michael Madigan.
Acevedo, his brother Alex Acevedo and their father were all charged in separate indictments in 2021 with filing false tax returns in connection with the family’s lobbying firm, Apex Strategy LLC.According to Michael Acevedo’s plea agreement with prosecutors, after Apex was founded in 2015, he failed to file tax returns documenting the company’s revenues for five years, and misstated his income for a sixth year.
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