CHICAGO (AP) — The owner of a bus company that formally held a Chicago Public School contract has been charged with cheating on her taxes by hiding income from the Internal Revenue Service.
The federal indictment handed up Thursday accuses 71-year-old Jewel Lockhart of lying on her taxes by “substantially” understating her total income.
The Chicago Sun-Times reports federal prosecutors accuse Lockhart of using the unreported income to renovate a home and illegally deducting the funds in U.S. tax filings.
The Sun-Times reports CPS paid Jewel’s Bus Company more than $75 million in the 11 years before the school district ended its contract with the company in July 2014.
A woman who answered the telephone at Jewel’s offices said Lockhart was not in.
