WASHINGTON — The Cicero Local Development Corp. was sentenced last week by a federal judge to pay a $390,000 fine and dissolve itself after pleading guilty to providing false information to the Internal Revenue Service. But federal officials are not optimistic the fine will be paid considering the New York agency defaulted on $15 million of bonds in 2003 and 2004 due to a dearth of funds.

Chief Judge Norman A. Mordue in the United States District Court for the Northern District of New York sentenced the corporation on Aug. 7 to a steeper fine than requested by the prosecution, which asked for $250,000, well below the $400,000 to $1.0 million in estimated tax losses. The CLDC was facing a maximum fine of $500,000 under the law.

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