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.
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