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

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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.

 

 
 


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