Originally published on January 4, 2015, at NationofChange.org
After pleading guilty to a felony tax evasion charge and admitting to lying under oath, U.S. Congressman Michael Grimm announced he would resign on January 5, the day before the new Congress convenes. Known for underpaying his employees and threatening reporters, Grimm was elected to a third term this November even though he had been charged with a 20-count indictment by federal authorities for fraud, federal tax evasion, and perjury. Under pressure from House Speaker John Boehner, Grimm finally decided to resign instead of facing an investigation by the House Committee on Ethics.
A former U.S. Marine and undercover FBI agent, Grimm investigated white-collar crime before leaving the Bureau in 2006. Days after leaving the FBI, Grimm invested roughly $1 million of borrowed money in a luxury real estate development in Texas with former FBI Agent Carlos Luquis. At the time, Luquis was under indictment for state racketeering and fraud charges. Convicted for his role in skimming $2 million from Texans’ electric bills, Luquis served 18 months in prison before assisting Grimm on the campaign trail in 2010.