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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GOP 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.
Read more »
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.'
Read more »
Photos: 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,…
Read more »
Ad 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.
Read more »