ted stevens, ted stevens charges, stevens charged with hiding gifts
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Senator Ted Stevens

Alaska Senator Ted Stevens Indicted After Year-Long Investigation

July 29, 2008 05:46 PM
by Cara McDonough
The 84-year-old Republican senator was charged with concealing $250,000 worth of gifts from an oil services company, including renovation of his house.

30-Second Summary

The 28-page indictment says Stevens, who is the longest-serving Republican senator in history, “provided false information in financial disclosure forms filed with the Senate that required him to report items of value he had received.”

He is accused of receiving substantial improvements to property that he owns in Alaska, new vehicles in exchange for older ones and household goods from 2001 to 2006. The indictment says the Senator received gifts from oil services company VECO corporation and its top executive.

“Stevens knew the requirements of the financial disclosure forms and knowingly and intentionally sought to conceal and cover up his receipt of things of value,” the indictment said.

The charges may improve Democrats’ hopes of increasing their Senate majority, now at 51-49, and opens up the race for other Republican contenders. Stevens is running for his seventh term in November, but the charges mean his prospects for winning just “went up in smoke,” said Anchorage pollster Marc Hellenthal.

While the charges are good news for Alaskans who have been unhappy with Stevens for some time, many are critical that the case has dragged on for too long. July 30 marks the one-year anniversary of an FBI and IRS raid on Stevens’s home as part of a court-authorized search warrant.

The Alaska Report writes “It seems as though with Stevens under federal investigation, losing clout, and dropping in the polls, now would be a good time to answer some questions for the people he works for—Alaska families.”

Headline Links: Stevens charged with making false statements; the election ahead

Background: 2007 home raid

Opinions & Analysis: Alaskans ‘want and deserve real answers’

Reactions: Harry Reid

Related Topic: Stevens biggest pork spender last year


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