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Former House Majority Leader DeLay Found Guilty of Money Laundering in PAC Case
printAfter 11 days of testimony and three days of deliberations, a Texas jury found former House Majority Leader Tom DeLay guilty on Wednesday of laundering nearly $200,000 in illicit corporate donations. The conviction carries a penalty of up to 99 years in prison, according to published reports. Texas state prosecutors had argued that DeLay, the former Republican Majority Leader until his resignation in 2005, illegally funneled money from corporate donors to bankroll candidates in the 2002 Texas Legislature elections. Because the money movements violated state campaign finance laws, the transactions were technically in violation of Texas anti-money laundering laws, prosecutors...
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