April 29 - Republican Congressman Michael Grimm steps down from the House Financial Services Committee after being indicted on fraud charges. Gavino Garay reports.
Republican Congressman Michael Grimm is back at work a day after he was indicted on fraud charges in connection with a Manhattan fast-food restaurant he partly owned. Grimm - who represents Staten Island and part of Brooklyn, New York - has since stepped step down from the House Financial Services Committee. (SOUNDBITE) (English) NEW YORK REPRESENTATIVE MICHAEL GRIMM SAYING: "The main point is, I'm back to work and that's what I said I was going to do, I'm back to work doing what people pay me to do, which is to represent them. I don't want any distractions. There are a lot of things going on in that committee that are extremely important to me. We passed flood insurance bill and the president signed that into law and that's huge but I don't want any of this to distract from what the committee has to do. This is temporary and I'll be back on the committee as soon as this is over" House Speaker John Boehner welcomed the decision to step down. (SOUNDBITE) (English) SPEAKER OF THE HOUSE OF REPRESENTATIVES JOHN BOEHNER SAYING: "I think all members should be held to the highest ethical standards. Mr. Grimm is under indictment, he resigned from his committee assignment, and I think he made the right decision." Prosecutors said Grimm and the health food restaurant, Healthalicious, under-reported wages paid to workers, many of whom did not have legal status in the United States. Free on a $400,000 bond - he faces up to 20 years in prison, if convicted.