More Woes for Stevens
Seems that the deal-making Ted Stevens wasn’t active only in Alaska, but in Florida as well. According to new court documents filed by federal prosecutors yesterday, the six-term Republican allegedly failed to report a $31,000 interest-free loan he took out from an unnamed friend to buy a South Florida condo in 2001.
According to prosecutors (pdf), Stevens was required to put $36,000 down on the unbuilt Gold Coast unit — 10 percent of the $360,000 purchase price — but only dropped $5,000 himself. The remaining $31,000 was picked up by the friend.
But it appears the Stevens family never intended to live there, and a few months later, the property was sold for $515,000 (nice!). A few weeks afterwards, Stevens wrote two separate checks to the friend — one for $15,000 and another for $16,000. (The first was sent on Sept. 12, 2001, according to prosecutors, leaving some wonder as to why he wasn’t busy with other diversions that day.) Trouble was, the government says:
“„Although Stevens knowingly carried debt on a $31,000 interest-free loan from his personal friend for more than 10 months during 2001, Stevens did not list such a liability on his 2001 disclosure form.
But hell, maybe the constitutional separation of powers allows that as well.
Related
MA-Sen: 150 Conservative Bloggers Fan Out, Looking for Scandals
BOSTON -- The mysterious Election Journal blog, which first released the infamous 2008 video of two bumbling New Black Panther Party members waving nightsticks
MA-Sen: 66 to 19
BOSTON -- That, via Alex Isenstadt and Josh Kraushaar, is the number that defined the Massachusetts Senate race more than anything else. From the primary
MA-Sen: A Text Message From Scott Brown
BOSTON -- Having signed up for Scott Brown’s text message service for election day, I just got this text: Are you about to have lunch? It’s a great time to
MA-Sen: Loyal Democrats Grouse About Coakley
BOSTON -- A little while after noon, a steady crowd of Democratic voters streamed into the Cathedral High School Gymnasium to cast votes for their party’s
MA-Sen: Brown Wins
BOSTON -- At 9:20, the first rumors of Scott Brown’s victory in the Massachusetts Senate race started to work around the room. A moment later, Doug Flutie
MA-Sen Photos: ‘Paint the Town Red! Croakley’s Dead!’
Below are some photos of yesterday’s People’s Rally in Worcester, the rally that Brown held to counter-program the Obama rally in Boston. The crush of
MA-Sen: Out-of-Staters for Brown
BOSTON -- A surprising discovery at yesterday’s People’s Rally in Worcester was just how many people had traveled into the state to assist, in whatever way,
Menendez, Lautenberg to Continue BP-Lockerbie Investigation
Sens. Robert Menendez and Frank Lautenberg, both New Jersey Democrats, will continue to seek details about BP’s alleged involvement in the release last year of
Net Investors Bullish on Palin’s Prospects for Staying on Ticket
Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate.
No Experience Necessary
Gov. Sarah Palin’s a middle-class hockey mom, but does that really qualify her to be vice president?