'Fast Eddie' admits to tax evasion

Former Chicago Alderman Edward R. "Fast Eddie" Vrdolyak pleaded guilty Thursday to a federal tax evasion charge.

His plea comes more than two years after the feds accused him of dodging taxes and impeding the IRS. A decade ago, he also pleaded guilty to fraud.

His sentencing hearing is scheduled for July 23. Assistant U.S. Attorney Amarjeet Bhachu said in court Thursday that Vrdolyak faces a maximum prison sentence of five years but is more likely to receive 24 to 30 months.

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