TribLIVE

| News


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Fumo's children sue him for raiding $2.5 million trust

Daily Photo Galleries

By The Associated Press
Friday, July 12, 2013, 2:57 p.m.
 

PHILADELPHIA — A long-powerful Pennsylvania lawmaker is set to leave prison next month, but Vincent Fumo's children now accuse him of raiding their trust fund.

The 70-year-old Fumo netted more than $13 million from a family bank, and made millions more as a lawyer and senator. He's finishing a five-year prison term for stealing $4 million from the senate and two charities.

Fumo's assets are quickly dwindling, given millions spent on defense lawyers, restitution and back taxes.

Fumo's children had agreed to loan him $1.5 million from the $2.5 million trust. But in a lawsuit, they accuse Fumo of switching terms of the loan, and naming his fiance's brother-in-law to oversee the fund.

Vincent E. and Allison Fumo supported their father at his 2009 trial — but said in court this week they no longer trust him.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Penguins acquire defensemen Lovejoy, Cole in deadline deals
  2. Power play shines in Penguins’ home victory over Blue Jackets
  3. Pirates starting pitcher Worley is in right place, right time with team
  4. Icy roads bring numerous accidents in Western Pa.
  5. Penguins forwards struggle in loss to Avalanche
  6. No tag for Worilds; Steelers cut Moore
  7. Teacher conduct under spotlight in Pennsylvania
  8. Pirates sickened by pic of ‘Jihadi John’ wearing Bucs ball cap
  9. Passion for speed fuels Ligonier man’s slippery dash in winter rally
  10. Greensburg pair jailed in convenience store robbery
  11. Starkey: In defense of Mel Kiper Jr.