“Rep. Michael Grimm (R-N.Y.) pleaded guilty to one count of felony tax fraud on Tuesday.
Appearing in federal court in Brooklyn, New York, Grimm’s lawyers said the lawmaker would plead guilty to the fourth count of a 20-count indictment that federal prosecutors brought against the congressman in April.
Grimm’s guilty plea carries with it a maximum sentence of three years in prison, but whether or not he serves jail time will ultimately be decided by the sentencing judge in June.
The congressman’s admission of guilt marks the latest development in a long legal saga related to Grimm’s ownership stake in Healthalicious, an Upper East Side restaurant.”
Read More: http://www.huffingtonpost.com/2014/12/23/michael-grimm_n_6372524.html
Cenk Uygur (http://www.twitter.com/cenkuygur) breaks it down.