Laundering Corporate Funds:Tom Delay faces up to life in prison

November 24, 2010 at 11:30 pm 2 comments

More unethical and fiscal irresponsibility representing big-business. 

By JUAN A. LOZANO

AUSTIN, Texas — Former U.S. House Majority Leader Tom DeLay — once one of the most powerful and feared Republicans in Congress — was convicted Wednesday on charges he illegally funneled corporate money to Texas candidates in 2002.

Jurors deliberated for 19 hours before returning guilty verdicts against DeLay on charges of money laundering and conspiracy to commit money laundering. He faces up to life in prison on the money laundering charge.

Prosecutors said DeLay conspired with two associates, John Colyandro and Jim Ellis, to use his Texas-based PAC to send $190,000 in corporate money to an arm of the Washington-based Republican National Committee, or RNC. The RNC then sent the same amount to seven Texas House candidates. Under Texas law, corporate money can’t go directly to political campaigns.

http://www.msnbc.msn.com/id/40362249/ns/us_news

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Entry filed under: Money, Politics. Tags: , , .

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2 Comments Add your own

  • 1. Jack  |  November 25, 2010 at 12:18 am

    So now a corporate donation of $190,000 equals the crime of a terrorist wanting to destroy the United States?

    No wonder the s lost so much power. They are clearly very dangerous people. Except if your name is Charles Rangle

    DISGRACEFUL!!

    Reply
  • 2. goearth  |  November 30, 2010 at 7:50 pm

    Ahh, the terrorist talking point. Terrorism – let’s count how many times that was mentioned.

    Defending illegal tampering with a foundation of our country – our elections – by calling up the memory of those who died at the hands of terrorists… now that is what is disgraceful.

    Reply

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