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Entries in Money Laundering (1)

Monday
Nov012010

Money-Laundering Trial Gets Underway for 'The Hammer'

Photo Courtesy - Ben Sklar/Getty Images(DALLAS) -- Opening statements are expected to be heard Monday in the money-laundering trial of former House Majority Leader Tom DeLay.

The Texas politician, once known as "The Hammer," is charged with illegally funneling corporate contributions to individual political candidates.  In 2002, prosecutors say DeLay directed $190,000 in corporate donations to state legislative candidates. 

The 63-year-old calls the charges against him a political vendetta and says he's ready for the trial to start.  If convicted, DeLay could face up to life in prison.

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