Feds allege ex-state legislator Annazette Collins sold bogus insurance policies [Chicago Tribune]
Federal prosecutors revealed Friday that former state legislator
The disclosure came after lawyers for Collins told the judge she intended to testify in her own defense in her tax fraud case, which is now in its fourth day at the
The jury has heard evidence that Collins was fired “for cause” from
Assistant
Collins’ attorney,
After that ruling, Allen told the judge Collins had changed her mind and would not take the witness stand after all.
Instead, the defense plans to rest its case after a lunch break, followed by closing arguments and jury deliberations.
Collins, 61, who represented Chicago’s
While the charges involve Collins’ work as an insurance agent, they focus more on income from her lucrative lobbying and consulting firm,
Between 2014 and 2018, Collins vastly underreported her lobbying income on tax returns, including one return showing she’d made as little as
In all, prosecutors allege, Collins avoided paying
“(Collins) was a former
In his opening remarks, Collins’ attorney,
He said like most people clueless about tax laws, Collins placed her trust in a pair of accounting experts to file accurate returns, and that any discrepancies or failures to file rest at their feet.
Collins was indicted in 2021 amid the sprawling investigation into an alleged scheme by ComEd to bribe then-House Speaker
On Wednesday a series of prosecution witnesses testified about income Collins received as a lobbyist and consultant from 2014 to 2018, including more than
She was also paid thousands of dollars in 2014 and 2016 as a contract lobbyist by consulting firms run by staunch Madigan allies:
On Thursday, prosecutors presented consulting contracts showing
Testimony also showed Collins was paid
Also Thursday, IRS Special Agent
On cross examination, Allen asked Suba if their investigation wasn’t a bit overkill. “You subpoenaed Sea World!? I saw
Collins was a longtime state representative before being appointed to fill a vacancy in 2011 left by state Sen. Rickey Hendon’s abrupt resignation.
Records show Collins registered as a contract lobbyist for ComEd in 2014, a year after she left office. Her last year registered for the utility was in 2019, when news of the federal bribery probe began to surface.
©2024 Chicago Tribune. Visit chicagotribune.com. Distributed by Tribune Content Agency, LLC.


Insurance Commissioner Seeks Third Term
NABIP’s Legislative Conference focuses on health innovation, equity and market reform
Advisor News
- Election 2026: Which of Berkeley's 7 ballot measures will pass?
- How advisors can help frugal retirees finally enjoy their savings
- Wealth planning vs. estate planning: Honoring your client’s wishes
- What to discuss during the first retirement planning meeting
- Inflation, competing priorities and uncertainty erode retirement security
More Advisor NewsAnnuity News
- Equitable, Corebridge steam toward merger with strong Q3 annuity sales
- Jackson Announces New Annuity Offering for AARP Members
- National Life Group expands annuity portfolio
- AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
- USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
More Annuity NewsHealth/Employee Benefits News
- Missouri Department of Commerce and Insurance releases health insurances rates for 2027
- Austin workers weigh health coverage as insurance costs are forecast to rise
- My unhappy day in small claims court | Letters to The Republican
- Enrollment is open for Affordable Care Act coverage. What do New Mexicans need to know?
- A Smarter Approach to Employee Health Insurance Costs
More Health/Employee Benefits NewsLife Insurance News
- Unum Group Reports Third Quarter 2026 Results
- First American Financial Corporation Appoints Darryl D. Button to Board of Directors
- Corebridge Financial Announces Third Quarter 2026 Results
- MassMutual announces record $3.3 billion policyowner dividend for 2027
- Protective Completes Acquisition of Obsidian, Establishing Specialty Property and Casualty Business Line
More Life Insurance News