alt.politics.usa.republican

Former house majority leader pleads guilty to income tax violations

KINGSTON — Former House Majority Leader Vincent Palumbo of Kingston has pleaded
guilty to willfully failing to file federal income tax returns.

The plea comes 16 years after Palumbo pleaded guilty to bank fraud and income
tax violations and was sentenced to more than a year in prison.

Palumbo, a Republican, ascended to the top ranks of the House leadership at a
young age and at one point planned to run for the position of House speaker.
But in 1989, when Palumbo was 33, he resigned from the House amid reports that
he misrepresented his educational history and his record as a businessman. Soon
after, he faced criminal charges.

Palumbo was found guilty of five criminal charges of "willfully" failing to file
federal income tax returns; each charge carries a maximum penalty of one year
in prison and a $250,000 fine, Assistant . Attorney Bill Morse said.

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There are only two kinds of Republicans: Millionaires and fools.