NY Rep. Michael ‘I’ll Break You In Half’ Grimm Indicted On 20 Counts Of Fraud

NY Rep. Michael “I’ll Break You In Half” Grimm Indicted On 20 Counts Of Fraud (ZeroHedge, April 28, 2014):

NY Republican Congressman, and former FBI agent (ironically), Michael Grimm – who became infamous for threatening an NY1 reporter “I’ll throw you off the fucking balcony… I’ll break you in half” – has been indicted on campaign finance charges as well as mail, wire, and healthcare fraud. Oh and since he seemed such a trustworthy and honest chap after his apology for the prevous threats, he is also being charged with perjury after lying about all the other shit he did… Welcome to American politics… As AP reports, he has pleaded not guilty to the 20-count federal indictment.

 

As CBS Reports,

He’s charged with engaging in schemes to underreport wages for restaurant workers, including some who were in the country illegally. He’s accused of concealing more than $1 million in sales and wages.

“As a former FBI agent, Rep. Grimm should understand the motto: fidelity, bravery, and integrity. Yet he broke our credo at nearly every turn,” FBI Assistant Director George Venizelos said in a statement. “In this 20-count indictment, Rep. Grimm lived by a new motto: fraud, perjury, and obstruction.”

The alleged fraud occurred from 2007 to 2010 when authorities said Grimm was one of the owners and the managing member of an Upper East Side fast food restaurant called Healthalicious and oversaw the day-to-day operations of the restaurant.

Prosecutors said during that time, Grimm filed false state and federal tax returns to underreport over a $1 million in sales and wages by concealing gross receipts for cash purchases and paid workers hundreds of thousands of dollars off the books.

“Healthalicious was a small business and it sold casual food so many people used cash and it was this cash that Michael Grimm exploited making over a $1 million simply disappear,” Lynch said. “Grimm took the cash from the register, used part of it to pay the workers off the books, never reporting it to the taxing authorities.”

When it came to this restaurant, Michael Grimm never met a tax he didn’t lie to evade,” Lynch added.

Authorities also say that when he was deposed by an attorney representing former employees in a lawsuit, Grimm lied under oath about his allegedly fraudulent business practices.

“Rep. Grimm billed himself as a patriot and an American hero,” Venizelos said. “But Rep. Grimm was anything but an upstanding citizen. He cheated, evaded and then lied.”

2 thoughts on “NY Rep. Michael ‘I’ll Break You In Half’ Grimm Indicted On 20 Counts Of Fraud

  1. It is nice to see a bastard like him get nailed.
    Pity it isn’t one of the big bankers who have bankrupted millions and are raising rates to suck the next level of Americans dry. Not that I have any pity for them, they had plenty of time to pay attention and get out from under multiple properties with more than one mortgage on them. They had time, and they all sat there listening to US media lies and propaganda, refusing to look for the truth on line or around them, that there are no good jobs to fuel a housing recovery. Housing has pulled the US out of every recession since WW2…..this time, it isn’t there.

    I call them the wannabe greedy guts. Unlike the very rich who can pay off any debt immediately without much pain, their debt far exceeds their abilities to pay. They have been riding the low interest rates for years, carrying their multiple properties using credit cards at times to meet all the taxes………If one looks from the outside, they look good. But, inside, they live month to month, just like millions of others who have lost all, their homes, etc……
    but they have been using credit to stay in the game.

    They have personal worth statements in the low millions, but it is all debt. They owe more on the properties than they are worth, and interest rates have doubled over the past few months.
    Jumbo loans were at 1-3%. Then, firmly at 3%, now it is a shaving away from 6%. That will affect most of the wannabe greedy guts.

    Oh, did I mention all the mortgages are ARMs?

    For every point the interest on a loan rises, it adds 13% to the mortgage payment each month. The math will stagger you.

    But, it has been the wannabe greedy guts who have been shopping, buying cars (on credit, of course), properties where they could get financing, and the like.

    Now, the rug has been pulled out from under them, so they won’t be shopping, and more retail stores will close, less cars will be purchased……higher interest rates affect auto sales as well…….

    We are going to see a growing round of foreclosures and bankruptcies. It is really getting bad in America. I don’t know how much longer they can keep pumping the stock market………85% are high frequency skim and sell transactions, not real investment at all.

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