Ex. Sen. Espada Jr. pleads guilty to tax fraud

Former state Sen. Pedro Espada Jr. pleaded guilty today in Brooklyn Federal Court on the remaining federal charges of tax fraud.

Espada was convicted last spring of using Soundview Healthcare Network as a personal piggy bank, stealing $500,000.

But the jury had been deadlocked on remaining charges including those against his son, who also pleaded guilty today.

Espada faces 43 years in prison but, because of sentencing guidelines, he will most likely get seven years. His son faces no more than 24 months in prison.

Espada and his son will remain free on bail until they are sentenced on Feb. 22.

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