Fumo and the IRS debate whether he was helping himself or his constituents

Brasil Notícia Notícia

Fumo and the IRS debate whether he was helping himself or his constituents
Brasil Últimas Notícias,Brasil Manchetes
  • 📰 PhillyInquirer
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 68%

Former State Sen. Vincent J. Fumo and the IRS are fighting in court over the agency’s demand that he pay about $3 million in back taxes and penalties.

Former State Sen. Vincent J. Fumo and the IRS began fighting in court on Monday over the agency’s demand that he pay about $3 million in back taxes and penalties stemming from the corruption case more than a decade ago that led to his fraud conviction, prison term and and fall from political power.

IRS lawyer Christine Rico told Judge Albert Laubert that Fumo tapped into taxpayer money to benefit himself, ignoring Senate guidelines to wildly overpay his legislative staff. This, Rico said, bought their loyalty as Fumo deployed them, as well as a coteries of highly paid consultants, to support his luxurious lifestyle, his campaign agenda and personal vendettas.

Rico said the tax agency’s overall demands were conservative compared to the financial benefits reaped by Fumo.Fumo funded Citizens Alliance in large part by striking a deal with Peco Energy under which the utility donated $17 million to the nonprofit organization and Fumo dropped his legislative opposition to its business plans. The secret held for five years until The Inquirer revealed the arrangement.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

PhillyInquirer /  🏆 81. in US

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

GOP Sen. Marshall Pushes Bill to Protect Citizens from ATF Gun ControlGOP Sen. Marshall Pushes Bill to Protect Citizens from ATF Gun ControlSen. Roger Marshall (R-KS) introduced legislation Thursday to protect Americans from the gun controls being put in place by the ATF via regulatory action.
Consulte Mais informação »

Sen. Rick Scott says there’s ‘arguments to do’ abortion restrictions ‘at the federal level’Sen. Rick Scott says there’s ‘arguments to do’ abortion restrictions ‘at the federal level’In an interview on NBC News' 'Meet the Press,' the Senate GOP campaign chair said, “I’m pro life as you know, I think we ought to have reasonable restrictions.'
Consulte Mais informação »

Photos: Sen. Robert F. Kennedy's visit to University of Arizona, 1968Photos: Sen. Robert F. Kennedy's visit to University of Arizona, 1968Sen. Robert F. Kennedy made a stop in Tucson in March, 1968, during his campaign for President of the United States. He spoke to crowds at Tucson International Airport and the University of Arizona. Kennedy was assassinated on June 6,…
Consulte Mais informação »

Ad Slams Sen. Hoeven for His Silence on Chinese Land Purchase in NDAd Slams Sen. Hoeven for His Silence on Chinese Land Purchase in NDAn ad slamming Sen. John Hoeven (R-ND) for being silent on Chinese land purchases in North Dakota was launched statewide in North Dakota.
Consulte Mais informação »



Render Time: 2025-03-04 20:28:09