John McCauley, Jr. is the Deputy Speaker of the Rhode Island House. He’s not running for reelection. Given that he will be pleading guilty to one count of tax fraud and one count of conspiracy, that’s likely a good decision.
Mr. McCauley and his partner in an insurance adjustor business, William L’Europa, were accused of underreporting $1.8 million in their business. That equates to a tax loss of over $500,000 to the IRS. Mr. L’Europa will also be pleading guilty to the same charges.
Mr. McCauley is the sixth Rhode Island legislator to face criminal charges during 2012. It hasn’t been a good year in Providence.