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Tom DeLay convicted of money laundering charges
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Candidate
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| Contributor | COSDem |
| Last Edited | COSDem Nov 24, 2010 05:09pm |
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| Category | Scandal |
| Media | Newspaper - Houston Chronicle |
| News Date | Wednesday, November 24, 2010 11:00:00 PM UTC0:0 |
| Description | A Travis County jury today found former U.S. House Majority Leader Tom DeLay guilty of political money laundering charges relating to a corporate money swap in the 2002 elections.
The verdict came down five years after DeLay was forced to step down as the second most powerful Republican in the U.S. House. The charges also led DeLay to resign from his Sugar Land congressional seat in 2006.
DeLay was accused of money laundering and conspiracy to commit money laundering. On the conspiracy charge, DeLay faces a sentence of two to 20 years in prison and five to 99 years or life in prison on the money laundering count.
In preparation for the 2002 elections, DeLay cloned his Americans for a Republican Majority political committee as Texans for a Republican Majority. TRMPAC was designed to help Republicans win a state House majority in preparation for a mid-decade congressional redistricting in 2003. |
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