A federal judge has sentenced an eastern Illinois man to a year and a day in prison for laundering more than $6 million from an illegal gambling operation and structuring bank deposits to avoid detection.
Federal prosecutors say 66-year-old Jimmy LaCost of Kankakee must report to prison on Jan. 7. His son, 43-year-old Michael LaCost of Kankakee, was sentenced to a year of probation in home confinement with electronic monitoring. The two men, along with LaCost Amusements, Inc., also were ordered to forfeit $4.3 million in illegal gambling proceeds, nine properties and 300 illegal gambling machines.
Jurors found Jimmy LaCost guilty of 54 counts of structuring financial transactions and one count of money laundering. LaCost and his son also pleaded guilty to conducting an illegal gambling business.
Saturday, May 25 2013 10:50 AM EDT2013-05-25 14:50:09 GMT
The tornado that struck Oklahoma on Monday took a devastating toll in the number of lives lost and property destroyed. But amidst the anguish and destruction there is another heart-wrenching tragedy.
The tornado that struck Oklahoma on Monday took a devastating toll in the number of lives lost and property destroyed. But amidst the anguish and destruction there is another "heart-wrenching" tragedy -- displaced pets.
Monday, February 25 2013 1:41 PM EST2013-02-25 18:41:37 GMT
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Saturday, May 25 2013 8:20 PM EDT2013-05-26 00:20:26 GMT
A northwest suburban Elgin woman faces felony charges for promoting the prostitution of a 17-year-old girl, following a three-month undercover investigation conducted by Aurora police.
A northwest suburban Elgin woman faces felony charges for promoting the prostitution of a 17-year-old girl, following a three-month undercover investigation conducted by Aurora police.
Saturday, May 25 2013 6:40 PM EDT2013-05-25 22:40:54 GMT
As it waits to hear if it'll receive a $7 million bailout to stay open, Roseland Community Hospital laid off almost 70 employees, and other hospital employees will take a pay cut.
As it waits to hear if it'll receive a $7 million bailout to stay open, Roseland Community Hospital laid off almost 70 employees, and other hospital employees will take a pay cut.
Saturday, May 25 2013 6:27 PM EDT2013-05-25 22:27:07 GMT
Portage Theater owner Eddie Carranza said the doors to the historic movie palace will stay closed for several months, or at least until he can transfer a license to a new operator.
Portage Theater owner Eddie Carranza said the doors to the historic movie palace will stay closed for several months, or at least until he can transfer a license to a new operator.
Saturday, May 25 2013 11:04 AM EDT2013-05-25 15:04:24 GMT
City residents sick of coupons piling up on their front doorsteps filed a civil lawsuit earlier this month urging the Chicago Tribune and Valassis Communications to stop distributing the mailings.
City residents sick of coupons piling up on their front doorsteps filed a civil lawsuit earlier this month urging the Chicago Tribune and Valassis Communications to stop distributing the mailings on their properties.
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