spot_imgspot_img

Illinois quick hits: ‘Tylenol murders’ suspect dies; man convicted of fraud; Illinois’ economy slows

spot_img

‘Tylenol murders’ suspect dies

The main suspect in the Tylenol murders in the Chicago area in the 1980s has died. James Lewis died at his suburban Boston home at the age of 76. In September 1982, seven suburban residents died after taking Tylenol laced with lethal doses of potassium cyanide. Lewis was later convicted of extortion after he sent a letter to Johnson & Johnson that said he would stop the killings if the company paid him a million dollars. He was recently interviewed again last fall, but was never tied to the killings.

Man convicted of fraud

A Grundy County man has been convicted of scheming to fraudulently raise $130 million from more than 500 investors. Kenneth Courtright, of Minooka, was found guilty of seven counts of wire fraud, each carrying up to 20 years in prison. Prosecutors said Courtright owned a business called the Income Store, which falsely promised investors a guaranteed income stream of 50% of the advertising revenue generated by websites built or acquired by his company. In reality, the payment of returns to investors was primarily funded through money raised from new investors.

Illinois’ economy slows

The University of Illinois Flash Index, a measure of the state’s economy, fell slightly to 103 from 103.2 in May. Any index value above 100 indicates expansion. June Illinois state tax revenues were all down compared to the same month last year. According to the Illinois Institute of Government and Public Affairs, the rate of inflation continues to decrease although not as fast as the Federal Reserve would like.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

‘We’re not out of the woods yet’: Seattle budget OK’d amid lurking challenges

(The Center Square) – The Seattle City Council approved...

Jury awaits ex-alderman’s secret recordings of Madigan at corruption trial

(The Center Square) – The bribery and racketeering trial...

Transportation secretary projects high volume of travel

Travel is expected to be high for the Thanksgiving...

Forecast is positive for state revenue from busy holiday travel

(The Center Square) – Despite the fifth-highest tax in...

Spokane officials propose $200k extension to save police nonprofit

(The Center Square) - Spokane COPS, a local police...

Report finds Louisiana state funds doubled in last four years

(The Center Square) — Louisiana's state-dedicated funds saw over...

Greene-DOGE collaboration draws snark from Democrats

U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., slammed a Republican colleague's...

More like this
Related

‘We’re not out of the woods yet’: Seattle budget OK’d amid lurking challenges

(The Center Square) – The Seattle City Council approved...

Jury awaits ex-alderman’s secret recordings of Madigan at corruption trial

(The Center Square) – The bribery and racketeering trial...

Transportation secretary projects high volume of travel

Travel is expected to be high for the Thanksgiving...

Forecast is positive for state revenue from busy holiday travel

(The Center Square) – Despite the fifth-highest tax in...