Alaskan federal corruption investigation finally touches Sen. Ted Stevens (R-AK)

[babylonsister]

http://www.tpmmuckraker.com/archives/003309.php

Extreme Makeover: Veco Edition
By Laura McGann - May 29, 2007, 12:24 PM

Sen. Ted Stevens (R-AK) jacked his house off the ground, inserted a new first story and placed the old first floor on top, thanks to the help of a top executive at local oil company Veco Corp. who hired at least one key contractor to complete the feat of a job.

Veco is entwined in a broad federal investigation that has led to the indictment of four current and former Alaska politicians and ensnared former Alaska Senate President Ben Stevens, son of Ted Stevens. Local press concluded that Stevens was state "Senator B," listed in the charging documents of two former Veco Corp. executives whopled guilty to federal bribery and conspiracy charges, saying they gave the younger Stevens $242,000 in illegitimate consulting fees.

Neither Stevens has been charged with a crime.

It’s unclear how the senior Stevens’ home doubling is connected to the broader investigation, but the Feds are now eyeing the construction job according to the Alaska Daily News , which noticed a line in the Veco executives’ plea bargains that could link the senator to the probe:

The sentence, preceded by a listing of a dozen Veco-related enterprises around the world, said: "Veco was not in the business of residential construction or remodeling."

[renate]

1. what a tool

Anything that means Ted Stevens is in trouble gets a K&R from me!