Chicago Businessman Faces Tax Charges

Jaime Viteri, a prominent Chicago businessman, has pleaded guilty to two counts of willfully failing to file federal individual income tax returns. The shocking admission comes after a lengthy investigation by the IRS.

According to court documents, Viteri failed to file individual income tax returns for tax years 2007, 2008, and 2009. As president and chief executive officer of Viteri Inc., doing business as Chicago Latino Network (CLN), Viteri earned a substantial income of $270,000 in 2008 and $290,000 in 2009. Despite his lucrative earnings, Viteri willfully failed to report his income to the IRS.

Viteri’s actions are all the more egregious considering his role as an employee and managing director of the Bureau of Entrepreneurship and Small Business at the Illinois state government agency. His failure to pay taxes not only cheated the government out of revenue but also undermines the public’s trust in the system.

As part of his plea agreement, Viteri will pay restitution to the IRS. Sentencing is scheduled for November 5, 2014. If convicted, Viteri faces up to one year in prison per count, one year of supervised release per count, and a maximum fine of $100,000 per count.

Special agents from IRS-Criminal Investigation and prosecutors from the Justice’s Tax Division led the investigation and prosecution of Viteri’s case. The charges against Viteri are a stark reminder that tax evasion will not be tolerated and that those who break the law will face the consequences.

Viteri’s case serves as a warning to others who may be tempted to evade their tax obligations. The IRS will continue to crack down on tax cheats, and those who are caught will face the full force of the law.

Jaime Viteri’s guilty plea is a significant development in the ongoing effort to combat tax evasion and ensure that everyone pays their fair share of taxes. The Grimy Times will continue to follow this story and provide updates as more information becomes available.

RELATED: Rolls Royce & PPP Fraud: Sadler Admits $14M Scheme

RELATED: Chicago Businessman Mark Steven Diamond Guilty of $6M Reverse Mortgage Scam

MORE FEDERAL CRIME NEWS

White Collar Crime

Marcano Aguilera, Wire Fraud, Florida 2004

Jan 15, 2004

White Collar Crime

Robert W. Gannon, Contracting Kickbacks, Virginia 2015

Feb 4, 2016

White Collar Crime

Industrial Hygiene, Wire Fraud, Virginia 2002

Jan 15, 2002

White Collar Crime

Tabb Textiles Bleeds $344K in Prison Fabric Fraud

Feb 10, 2023