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Rep. Grimm returns to work on heels of federal indictment

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Albany/HV: Rep. Grimm returns to work on heels of federal indictment
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NEW YORK CITY -- Michael Grimm returned to work on Tuesday after pleading not guilty to federal criminal charges.

The Staten Island Republican was released on $400,000 bond after a 20-count indictment against him was unsealed in Brooklyn Federal Court. The charges include wire fraud, mail fraud, and perjury.

The charges are connected to a Manhattan restaurant run by Grimm between 2007 and 2010. Prosecutors said Grimm hid more than $1 million worth of income in an effort to evade taxes.

The former U.S. Marine maintains his innocence and said he will continue to serve his constituents.

House Speaker John Boehner says Grimm's decision to step down from his position on the House Financial Services Committee was the right one.

"I am discussing things with leadership but the main point is I'm back to work. And that's exactly what I said I was going to do, get back to work. I'm back to work doing what the people pay me to do, represent them. So that's what's going to continue going forward," Grimm said.

"I think all members should be held to the highest ethical standard. Mr. Grimm is under indictment, he resigned from his committee assignment and I think he made the right decision," Boehner said.

The Congressman said he has no plans to abandon his bid for re-election or resign from Congress.

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