Ted Stevens largest recipient of tainted Veco campaign cash
by Arlen Parsa

The Washington Post today has some more details on the raid that the FBI and the IRS conducted on Senator Ted Stevens’ (R-AK) house yesterday. The scandal involving Stevens (and his son, a now former state Senator) has been simmering on the back boiler for a while, but this raid seems to have reignited questions about possible bribery:
Contractors have told a federal grand jury that in 2000, Veco executives oversaw a lavish remodeling of Stevens’s house in Girdwood, an exclusive ski resort area 40 miles from Anchorage, according to statements by the contractors.
[…]
The remodeling, which took place in 2000, involved putting the senator’s one-story house on stilts and building a new ground floor, making it two stories.Veco has received more than $30 million in federal contracts since 2000, according to a database search of FedSpending.org, which tracks contracts given to private companies. The largest contracts were for logistical services provided to the National Science Foundation.
[…]
In that period, Stevens and [Alaska’s Republican Congressman Don] Young were the top recipients of Veco cash, taking in $37,000 and $30,250, respectively.
Senator Tubes Stevens, you’ll recall is the longest-serving Republican Senator, and was the Senate President pro tempore until Democrats took control of the upper chamber last November, giving that seat to Robert Byrd (D-WV). Veco’s (now former) CEO has already plead guilty to bribery, in a scheme that the Post says involved “handing out wads of hundred-dollar bills in an effort to win favorable tax legislation in Alaska for a natural gas pipeline long sought by the energy industry and leaders of both political parties there.”
The Daily Background

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