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Fumo

NEWS
December 4, 2012 | By Miriam Hill and Craig R. McCoy, INQUIRER STAFF WRITERS
Jailed former Pennsylvania State Sen. Vincent J. Fumo, already embroiled in multiple legal battles, faced a new adversary Monday: His 23-year-old daughter, Allison. Allison Fumo appeared before an Orphans Court judge to ask that the court bar her father from taking action that her lawyers say would hurt her interest in a trust that was worth more than $2 million. Judge Matthew D. Carrafiello granted her temporary relief, saying no changes could be made to the trust's assets until a new judge was appointed.
NEWS
November 9, 2012
A panel of three arbitrators has unanimously rejected as groundless a lawsuit filed by the son of former Pennsylvania State Sen. Vincent J. Fumo against a South Jersey businessman. Last year, Vincent E. Fumo 2d invested $55,000 in a Bassetts BBQ run by Andrew Cosenza in Audubon, Camden County. The restaurant closed after 11 months. Fumo said Cosenza had denied him access to the books and failed to send him revenues from the operation. Cosenza's lawyer, Joseph P. Grimes, said his client had shared the financial information and the business never made a profit.
NEWS
October 22, 2012 | By Craig R. McCoy and Miriam Hill, Inquirer Staff Writers
From his spare prison cell in Kentucky, former Philadelphia State Sen. Vincent J. Fumo is fighting one last high-stakes battle with federal prosecutors, and quarreling once more with former allies-turned-enemies. When convicted of corruption charges in 2009, Fumo had a net worth of $11 million. He has paid nearly $3.5 million in restitution since then, and now the feds want an additional $800,000. Lawyers for the onetime Democratic powerhouse are fighting the restitution increase in court.
NEWS
October 1, 2012 | By Craig R. McCoy, Inquirer Staff Writer
Former State Sen. Vincent J. Fumo was charged with spending "other people's money" when he went on trial in 2008 on corruption charges. He found a way to avoid using his own money to pay for much of his unsuccessful criminal defense, as well. Fumo, worth $11 million at the time of his trial, is now in federal prison for his conviction on charges of carrying out a $3.4 million fraud on the state Senate and two nonprofits. While under FBI investigation, the Philadelphia Democrat tapped his campaign fund to pay $1.1 million in fees to his initial defense lawyer in the case, Richard A. Sprague.
NEWS
September 14, 2012 | BY WILLIAM BENDER, Daily News Staff Writer
VINCE FUMO is no longer a state senator, and his felony conviction on federal corruption charges ensures that he'll never be one again. But Fumo, also known as inmate #62033-066 at the Federal Correctional Institution in Ashland, Ky., is embroiled in a nasty legal dispute over how the curiously named Fumo for Senate political-action committee has been spending money while he's locked up - and what will happen to the money that's still in the bank....
NEWS
August 30, 2012 | BY WILLIAM BENDER, Daily News Staff Writer
VINCE FUMO LOVED to spend OPM - his notorious acronym for "Other People's Money" - but he's not a big fan of letting other people spend his. The former state senator has filed a lawsuit in Philadelphia Common Pleas Court alleging that two New Jersey pals who ran his political-action committee "engaged in a scheme to take money from the campaign for their own personal use and benefit" while he's been locked up in Kentucky on 137 counts of conspiracy, fraud...
NEWS
June 26, 2012 | John Baer
And now, because some sagas never end, we face another round of the U.S. vs. Vince Fumo. The feds, after winning their case against the former political powerhouse in March 2009 and after losing an effort to greatly extend his prison time last November, are back again. They want about $800,000 more from The Vince in restitution payments; this after just getting another $1 million-plus from the sale of Fumo's Fort Lauderdale house. It sold in April for $2.3 million.
NEWS
May 10, 2012 | By Catherine Lucey, Daily News Staff Writer
He may be behind bars, but former state Sen. Vince Fumo is still casting a long shadow over Philly policy debates. As City Council contemplates how to provide protection for homeowners whose tax bills could soar under Mayor Nutter's proposed property-tax plan, a tax break passed by Fumo in 1988 may prove crucial. The bill Fumo ushered through the Legislature 24 years ago allows the city to give tax relief to longtime residents of gentrifying neighborhoods. But to use the power, Council had to decide how much relief to grant and which sections of the city would be eligible — and it never could reach agreement.
NEWS
April 9, 2012 | By Bob Warner, Inquirer Staff Writer
  Top officials at Philadelphia International Airport say they were never informed that the son of former State Sen. Vincent J. Fumo had acquired a share in an airport cheesesteak franchise, but they're not sure they care. "We probably will take a look at it," James Tyrrell, city deputy director of aviation, said in a telephone interview last week. "We really need to discuss it. I don't know if this is something we should be overly concerned about. " Vincent E. Fumo II filed suit in Common Pleas Court on March 29, complaining that he had paid $150,000 in 2009 for a 30 percent share of the cheesesteak business, but had received less than half the return promised - "a guaranteed return of $50,000 a year for every year that the restaurant was in business.
NEWS
March 31, 2012 | By Bob Warner, Inquirer Staff Writer
The son of former State Sen. Vincent J. Fumo has filed suit against a South Jersey restaurateur for allegedly breaching the terms of deals in which Fumo paid $205,000 for shares of two restaurants, one of them at Philadelphia International Airport. In complaints filed Thursday in Philadelphia Common Pleas Court, Vincent E. Fumo II said he had written a personal check for $150,000 to buy a 30 percent share in a new Philly cheesesteak venture, completed in 2009 in the connector between the airport's B and C Terminals.
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