New York Representative Michael Grimm Indicted on Federal Fraud

New York Rep. Michael Grimm was indicted Monday on 20 counts of fraud and other charges relating to a Manhattan restaurant he owned and operated, accused by federal prosecutors of evading the IRS and making over $1 million in revenue "disappear."

The Republican congressman, who is a former FBI agent, was arrested Monday morning a few hours before Justice Department officials unsealed the indictment. He was transported to FBI headquarters in Manhattan.

"Michael Grimm made the choice to go from upholding the law to breaking it," U.S. Attorney Loretta Lynch said. "And in doing so, he turned his back on every oath he had ever taken."

The congressman has vowed to fight the charges. After learning that charges were forthcoming, Grimm's attorney William McGinley said Friday that the "government has pursued a politically driven vendetta against Congressman Grimm and not an independent search for the truth."

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