Chaka Fattah’s Son Could Face 411 Years in Prison Due to Bank, Tax Fraud Charges
Patricia Villaceran | | Aug 07, 2014 08:02 PM EDT |
U.S. Rep. Chaka Fattah's son, Chaka Fattah Jr., is facing charges of multiple counts of bank and tax fraud.
The investigation on Fattah Jr. started two years ago. He was told to expect an arrest, but years passed before it happened. Finally, on Tuesday at 2 p.m., a Philadelphia court called for the arrest of the younger Fattah.
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Fattah Jr. stood in the courtroom to hear charges filed against him.
The indictment included several charges, such as one count for bank fraud, one count of false statements to settle a loan, one count of failing to pay federal income tax, one count of theft from a program receiving federal funds, four counts of wire fraud, four counts of filing false federal income tax returns, four counts of false statements concerning loans insured by the Small Business Administration and eight counts of false statements to obtain loans.
In total, 23 federal charges were filed against Fattah Jr., and if he's convicted, he stands to face 411 years in prison with a fine of US$13 million.
The charges would faze anyone but Fattah Jr. told Forbes magazine's Kelly Phillips Erb that he was actually relieved when the indictments were released. He said the investigation went on "forever" and now that the court has stated the specific charges, he said he can begin to fight each of them.
Fattah Jr.'s fight will begin on Friday. He is set to meet Nina Spizer, one of the two public defenders appointed to him by the Federal Community Defender Office. Fattah Jr. qualified for a public attorney because of his present financial stand.
Fattah Jr. made his name as a consultant until he committed tax fraud and theft, according to investigators who raided his office.
Fattah Jr.'s case was investigated by members of the U.S. Department of Education, IRS Criminal Investigation and the FBI.
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