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Entries in Money Laundering (2)

Monday
Jan102011

Tom DeLay Sentenced to Three Years in Prison

Photo Courtesy - Getty Images(AUSTIN, Texas) -- Former U.S. House Majority Leader Tom DeLay was sentenced to three years in prison Monday for helping divert corporate funds into Texas candidates' coffers in 2002.

A jury convicted DeLay in November of money laundering and conspiracy to commit money laundering. A Texas judge on Monday sentenced DeLay to a three-year term on the conspiracy charge and five years for the money laundering charge, but allowed DeLay to accept 10 years of probation instead of the extra five years in prison.

DeLay, once one of the most powerful members of the U.S. House of Representatives, had faced up to life in prison.

After 19 hours of deliberation and a three-week trial, a jury concluded that DeLay illegally funneled $190,000 in corporate donations through the Republican National Committee to Republican candidates for the Texas legislature. Under Texas law, candidates cannot use private funds for campaigns.

The prosecution alleged that it was part of a strategy to ensure that Republicans were in charge of drawing the Texas district map that would favor the GOP in Washington.

DeLay's sentencing comes at the start of the year that is once again expected to feature a redistricting bloodbath as Republicans and Democrats fight over how to draw congressional and district boundaries.

Copyright 2011 ABC News Radio

Wednesday
Nov242010

Former Senator Tom DeLay Found Guilty

Photo Courtesy - Ben Sklar /Getty Images(AUSTIN, Tx.) -- Former Republican House Leader Tom “The Hammer” DeLay was convicted of illegally funneling 190-thousand dollars in corporate money to fund his favorite candidates for the Texas state legislature.

Assistant District Attorney Gary Cobb spoke outside the courtroom after the verdict was pronounced saying, “It's the outcome we expected; we thought the citizens of Travis County would see this case for what it was: a corrupt politician who was caught violating the laws of the state.”  Chief Prosecutor Beverley Matthews had this to say of the guilty verdict: “This case is a message from the citizens of the state of Texas that the public officials they elect to represent them must do so honestly, ethically and if not they'll be held accountable.”

For his part, DeLay remained defiant saying “I'm not gonna blame anybody.  This is an abuse of power; it's an abuse of justice...and I still maintain that I am innocent.”

The man who was once the second most powerful House Republican now faces five years to life in prison on the money laundering count and two to 20 on a conspiracy charge.


Copyright 2010 ABC News Radio







ABC News Radio