Friday, August 15, 2008

Prosecutors lay out new information against Stevens


Anchorage Daily News

New information filed late Thursday by federal prosecutors says Sen. Ted Stevens made more than $100,000 in profit off a Florida real estate deal after a friend secretly loaned him $31,000 interest-free to buy a condominium.

The condo deal came to light in a motion describing what sort of evidence federal prosecutors plan to introduce in their case against him.

Stevens, 84, was charged last month with failing to disclose more than $250,000 in gifts from the former Alaska-based oil services company, Veco Corp. The trial is scheduled for September.

Stevens failed to report the personal loan in the condo deal when he filed his 2001 Senate financial disclosure forms, prosecutors said in their motion.

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