Senator Ted Stevens indicted on corruption charges.

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His misdeeds finally caught up with him.

http://tinyurl.com/5obwrn

The senior Republican senator allegedly failed to report home renovation gifts from an oil company. He denies any wrongdoing.

By Johanna Neuman, Los Angeles Times Staff Writer
12:53 PM PDT, July 29, 2008

WASHINGTON -- Sen. Ted Stevens, the longest-serving Republican senator and a storied figure in Alaska's political history, was indicted today on seven felony counts of making false statements in a corruption case.

Prosecutors said the 84-year-old Stevens, required to file financial disclosure forms with the Senate on gifts greater than $10,000, had accepted innumerable gifts valued at $250,000 from the oil services company VECO and its CEO from 1999 to 2006 without reporting them. The gifts included material and labor used in the renovation of Stevens' private vacation home in Girdwood section of Anchorage, including a new first floor, a garage, a wraparound deck, plumbing and electrical wiring, as well as a Viking gas grill, furniture and tools.

and from CBS News,

http://tinyurl.com/57khjm

Stevens has been the subject of a wide-ranging investigation -- and with this announcement -- Stevens becomes the highest level politician charged in the department's crackdown on alleged corruption, CBS News reports.

Prosecutors said Stevens "took multiple steps to continue" receiving things from oil services company VECO Corp., and its founder, Bill Allen. At the 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 oil services company's projects and partnerships in Pakistan and Russia. It also included federal grants from several agencies - as well as help in building a national gas pipeline in Alaska's North Slope Region, according to the indictment filed in U.S. District Court in Washington.