Ted Stevens guilty as sin, received more than $250,000 in gifts

Senator Ted Stevens of Alaska has been found guilty of lying to the senate about gifts received by contractor Bill Allen. The oil services company gave $250,000 in gifts (at least that was what was officially uncovered) to the Senator. It is interesting to see what sort of punishment the Senator will actually get…

AP: Sen. Ted Stevens, R-Alaska, was convicted on all seven charges of making false statements on Senate financial documents about gifts he received from contractor Bill Allen, oil services company VECO Corp., and others.

The Hill: Ted Stevens, the longest-serving Senate Republican in history and patriarch of Alaska politics, was found guilty of felony charges for making false statements.The verdict could spell the end of a 40-year Senate career for a man who rose to be one of the most dominant figures in the upper chamber and who helped transform Alaska in its 50 years of statehood. The verdict was reached after the jury deliberated since Wednesday and found the 84-year-old senator guilty of failing to report more than $250,000 in gifts from Bill Allen, the former head of Veco Corp., and other friends.