Rep. Grimm To Plead Guilty To Tax Evasion: Report

MarketWatch Pulse

Rep. Michael Grimm will plead guilty on Tuesday to a felony count of tax evasion, according to a report in the New York Daily News. Grimm, a New York Republican, will enter the plea in a federal court in Brooklyn, the report said. In April, Grimm was charged in a 20-count indictment with hiding more than $1 million in sales and wages at a Manhattan restaurant he co-owned before entering Congress. Grimm won re-election in November and is expected to argue he can keep serving in the House of Representatives despite his expected guilty plea, the report said.

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