Richard Rubin Pleads Guilty, Faces Likely Prison Term

Richard Rubin, with his attorney David Bogenschutz at his side, was contrite in federal court as he pleaded guilty to a tax evasion charge. 

An emotional Rubin, who is the husband of criminally charged former Broward County Commissioner Diana Wasserman-Rubin, admitted to Judge William Zloch that he knowingly failed to report more than $100,000 in real estate commissions -- the bulk of it coming from a land deal he brokered for the Town of Davie in 2004. 

Rubin, 65, said in court that he and his wife faced financial burdens from damage done to their home by Hurricane Wilma and also owed on a loan he could not repay, prompting his decision to cheat the government. 

Wasserman-Rubin was not present in court with her husband.

The question: How did the couple blow through the million dollars Rubin was paid by Southwest Ranches so fast?  

Rubin is scheduled to be sentenced on June 29 and faces a $250,000 fine and a maximum of five years in prison. Sentencing guidelines, however, call for ten to 16 months behind bars. 

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