Toobz Goin’ Down

August 15th, 2008at 11:42am Posted by Eli

Couldn’t happen to a nicer guy:

New information filed late Thursday by federal prosecutors says Sen. Ted Stevens made more than $100,000 in profit off a Florida real estate deal after a friend secretly loaned him $31,000 interest-free to buy a condominium.

(…)

Stevens failed to report the personal loan in the condo deal when he filed his 2001 Senate financial disclosure forms, prosecutors said in their motion.

Court filings filed late Thursday also reveal other new evidence that prosecutors intend to use to prove Stevens didn’t just make innocent paperwork mistakes when he failed to disclose the value of Veco’s renovations to his Girdwood home.

They say he also failed to disclose that Bill Allen, the former Veco CEO, installed a backup generator — at Stevens’ home and at the senator’s request — that Stevens never paid for.

In the same motion, prosecutors also allege Allen provided a new Jeep Cherokee to Stevens’ daughter in 2005 and that Stevens asked Veco for help getting a job for an unnamed son and grandson.

There are “multiple instances of Allen providing, at Stevens’ request, things of value to benefit two of Stevens’ children and one of Stevens’ grandchildren,” prosecutors say.

Prosecutors said other evidence they plan to introduce will include “communications between Stevens and a personal friend that demonstrates Stevens’ consciousness of guilt.”

Yeah, I’m starting to think Ted really might be toast.  Even if he doesn’t go to prison, I don’t see any way his campaign can survive all of these revelations of crookedness.  They certainly seem to be affecting his fundraising.

Entry Filed under: Corruption/Cronyism,Republicans


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