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Sen. Stevens Indicted
Submitted by E. Ross on Tuesday, 29 July 2008 – 9:57 AMNo Comment
U.S. Sen. Ted Stevens was indicted this morning by a federal grand jury, on seven counts of failing to disclose thousands of dollars in services he received from VECO Corp., an Alaska-based oil services company, and from its CEO, Bill Allen, over an eight-year period.
From May 1999 to August 2007, prosecutors said, the 84-year-old senator concealed “his continuing receipt of hundreds of thousands of dollars worth of things of value from a private corporation.”
During that time, the indictment says, Allen and other VECO employees were soliciting Stevens for “multiple official actions …. knowing that Stevens could and did use his official position and his office on behalf of VECO during that same time period.”
VECO’s requests included funding and other aid for the company’s projects and partnerships in Pakistan and Russia, and federal grants from several agencies, according to the indictment filed in U.S. District Court in Washington.
