Tuesday, July 29, 2008

Sen. Ted Stevens (R-Alaska) Indicted On Seven Counts

King of pork, author of the Bridge to Nowhere, and the corrupt poster child for all that was wrong with the Republican Party, has been indicted on seven counts by a grand jury in Washington, D.C.

This from McClatchy News:

Sen. Ted Stevens, the longest-serving Republican in the U.S. Senate and one of the chamber's most powerful members, was indicted Tuesday in Washington for failing to disclose more than $250,000 worth of gifts that he received from businessmen who were seeking his help on federal issues and projects.

The seven-count indictment charges Stevens with making false statements by failing to disclose things of value he received from the Veco Corp., an Alaska-based oil services compmany, and from its CEO, Bill Allen, over an eight-year period.

The indictment charges that among the undeclared items were substantial improvements to Stevens' home in Girdwood, Alaska; automobile exchanges in which he received new vehicles that were worth far more than the old ones he exchanged; and household goods, including a Viking gas grill.

At the same time, according to the indictment, Stevens received solicitations for official actions from Allen and and other Veco employees, and used his office on behalf of Veco.

The federal Ethics in Government Act requires all senators to file financial disclosures statements detailing their transactions during the previous calendar year, including the disclosure of gifts above a specified value and all liabilities greater than $10,000.

Allen, the former Veco CEO and Richard Smith, a former Veco vice-president of community affairs and government relations, pleaded guilty in May, 2007, to providing more than $400k in corrupt payments to public officials from Alaska.

A broad federal investigation of public corruption has been under way in Alaska for more than four years, . . .

Alaska's sole congressman, Don Young, is also under federal investigation.

Stevens' home in Girdwood was renovated in 2000. Those renovations doubled the size of the home and were overseen by Veco Corp. chief executive Bill Allen. Witnesses with knowledge of Veco's role have reported testifying before grand juries in Anchorage and Washington, D.C.

Stevens has said he paid all the bills he was presented, leaving open the question of whether he was billed the entire amount. . . .

Read the entire article. All I can say is, it's about time.

1 comment:

vinny said...

It's about time to remove the corrupted politicians, but I am not sure that a better alternative will come. In NY State we got rid of a despicable governor, but his replacement is far worse. We have a deaf and blind governor who actually brags about his affairs.