Down the Tubes

Breaking:

Sen. Ted Stevens, the longest-serving Republican in the U.S. Senate and one of the chamber's most powerful members, was indicted Tuesday in Washington, a result of a year-long investigation into corruption in Alaska politics.

The indictment comes nearly one year after federal agents raided Stevens' home in Girdwood, a resort town about 40 miles south of Anchorage.

The charges will be released, according to the Reuters, at 1:20pm today.

Thanks, Gyslkdjfklasjeraw! (never can quite remember it...)

UPDATE (same McClatchy link):

The seven-count indictment, charges Stevens with making false statements by failing to disclose things of value he received from the Veco Corp., an Alaska-based oil services compmany, and from its CEO, Bill Allen, over an eight-year period.

The indictment charges that among the undeclared items were substantial improvements to Stevens's home in Girdwood, Alaska; automobile exchanges in which he received new vehicles that were worth far more than the old ones he exchganged; and household goods, including a Viking gas grill.