Even though the taxpayer was aware of and consented to the fraudulent inflation of the Schedule C expenses, the taxpayer was not aware of the addition of the charitable contribution.

FORBES: David Wallace Would Have Loved This

Although the state disclosed the pension holidays and other legislative amendments to the plan, Illinois did not disclose the effect of those changes on the contribution schedule and its ability to meet its pension obligations.

FORBES: SEC Nails Illinois For Misleading Pension Disclosures In Municipal Bond Offerings