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Ex-S.C. treasurer guilty in cocaine case
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Contributor | The Sunset Provision |
Last Edited | The Sunset Provision Sep 06, 2007 11:02am |
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Category | News |
Media | Website - Yahoo News |
News Date | Thursday, September 6, 2007 05:00:00 PM UTC0:0 |
Description | Former South Carolina Treasurer Thomas Ravenel, once seen as a rising political star, pleaded guilty Thursday to a federal charge of possession with intent to distribute cocaine.
Ravenel, 45, admitted during a hearing that he bought cocaine from several different people and said he used the drug sometimes as often as once a week.
"I pled guilty today because I was guilty," Ravenel said in a statement after the hearing. "I'm looking very forward to putting this sad chapter behind me and moving forward. I'm very remorseful for my behavior."
Ravenel resigned a month after his June indictment. He faces up to 20 years in prison and a $1 million fine, though his plea agreement calls for a reduced sentence because he is helping prosecutors with their investigation.
Less than three months ago, the multimillionaire developer and son of a congressman was being encouraged by supporters to run against Sen. Lindsey Graham in next year's Republican primary.
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