Philly mayor’s brother pleads not guilty to fraud

NBC News Clone summarizes the latest on: Wbna15972242 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.

The older brother of Mayor John F. Street pleaded not guilty Thursday to charges that he failed to pay taxes on $2 million in income and took consulting fees from companies that wanted city contracts.

The older brother of Mayor John F. Street pleaded not guilty Thursday to charges that he failed to pay taxes on $2 million in income and took consulting fees from companies that wanted city contracts.

Prosecutors said that soon after his brother took office in 2000, T. Milton Street Sr., 67, began working as a high-priced consultant to companies that later won city contracts. One firm paid Street, a longtime hot dog vendor, a $30,000-a-month consulting fee and required him to do no work, authorities said.

The mayor has not been charged.

His brother and two other businessmen face charges of mail and wire fraud, filing false tax returns and related counts.

One of the businessmen, Matthias Schwabe, plans to plead guilty to mail fraud and filing a false tax return and plans to testify against Street, his lawyer said.

The other man who was indicted, John Velardi Sr., 53, intends to fight the charge, said his lawyer, Guy Scioll.

×
AdBlock Detected!
Please disable it to support our content.

Related Articles

Donald Trump Presidency Updates - Politics and Government | NBC News Clone | Inflation Rates 2025 Analysis - Business and Economy | NBC News Clone | Latest Vaccine Developments - Health and Medicine | NBC News Clone | Ukraine Russia Conflict Updates - World News | NBC News Clone | Openai Chatgpt News - Technology and Innovation | NBC News Clone | 2024 Paris Games Highlights - Sports and Recreation | NBC News Clone | Extreme Weather Events - Weather and Climate | NBC News Clone | Hollywood Updates - Entertainment and Celebrity | NBC News Clone | Government Transparency - Investigations and Analysis | NBC News Clone | Community Stories - Local News and Communities | NBC News Clone