Well…this sure isn’t going to help the godfather of the Corrupt Bastards Club win reelection.
Update: The indictment, returned by a federal grand jury, is for 7 felony counts of false statements (18 USC 1001). Sen. Stevens is accused of accepting gifts from VECO Corporation (whose executives were a big help to Mike! McGavick in his failed Senate race).
Essentially, VECO did extensive remodeling to Steven’s home. The house was raised and a new first floor was built. They finished the basement, added a first-floor deck, re-roofed the upper deck, rewired part of the house, added furniture and a new gas range, and even had some sort of “car exchange” to give Stevens a new vehicle. In total the gifts (or unpaid loans) were worth an estimated $250,000.
The problem for Stevens is that he did not disclose these as either gifts or as loans on his 1999-2006 Senate disclosure forms.