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FBI, IRS Search Home of Sen. Ted Stevens

July 30, 2007 7:44 PM

Abc_nwo_stevens5_070730_main FBI and IRS criminal investigators executed a search warrant this afternoon at the Alaska home of Sen. Ted Stevens, R-Alaska. The search warrant is currently under seal.

A federal grand jury has been investigating the senator's ties to VECO, an Alaska oil services firm. VECO is in the middle of a statewide corruption investigation that has tarnished Stevens' son, Ben, a state senator. The FBI raided Ben's offices last August.

Stevens has denied he is the target of a federal investigation, but he acknowledged in June the FBI had asked him to preserve certain records.

In a prepared statement for the media, Stevens confirmed the raid on his Girdwood home but declined to comment on it, other than to urge his constituents "not to form conclusions based upon incomplete and sometimes incorrect reports in the media." 

In May, the Anchorage Daily News revealed the FBI was investigating whether the firm had paid for expansion work to Stevens' home in Girdwood, performed in 2000. Stevens has said he paid invoices for the work from his own pocket.

Ap_stevens_070730_mainStevens is the longest-serving Republican in the U.S. Senate -- and the master of its appropriations process. 

Alaska's sole congressman, Republican Don Young, who is also reportedly under FBI investigation for his dealings with VECO, is the man behind the "bridge to nowhere," the controversial $231 million earmark for a bridge from Ketchikan, Alaska to Gravina Island with a population of 50.

Click Here for Full Blotter Coverage.

Former VECO CEO Bill Allen pleaded guilty in May to making $400,000 in bribe payments to officials, and is cooperating with investigators.  Ben Stevens is not named in the plea agreement, but he has since been identified as "State Senator B."

The state's junior senator, Lisa Murkowski, R, recently drew criticism for a land deal from which she appeared to benefit by tens of thousands of dollars. Murkowski bought the land from an Alaska real estate developer, Robert C. Penney, who has also been asked to testify in the VECO investigation.  Murkowski has denied wrongdoing in the land deal, and announced last week she would divest herself of the land.

Today's raid in Girdwood was the third time in the last 11 months federal agents had served a warrant in the former gold-mining town in connection to their corruption investigation.

This post has been updated.

Justin Rood contributed to this report.

July 30, 2007 | Permalink | User Comments (76)

User Comments

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OH Dear! Who did this guy tick off at the WHITEHOUSE? The OIL corporations? Geesh, bet he or his son and the corupt REPUBICRATS will never see the inside of a prison. Stripes are to busy clashes with the SUV's they drive. He'll get a communte so will his son. Another ruse by the BU$H administration to coral coruption and greed. (YAWN )Enron first there guys.

Posted by: CusterwasSouixed | Jul 31, 2007 6:58:33 AM

Same ole thing diffrent day.I want a piece of the pie too.I want to be bought out buy some big money.Maybe than Iwould'nt have to worry about losing my job and starving to death.

Posted by: John Scott | Jul 31, 2007 7:37:53 AM

Corruption,Corruption, there is a bad apple in every branch; including the Democratic Party. Before you make that presidential vote in 2008, make sure your canidate is a person of action and not a talker.

Posted by: Rogers | Jul 31, 2007 7:44:31 AM

Just think if he were rising dogs to fight he might see some time like Vick.

Posted by: Lee | Jul 31, 2007 8:33:14 AM

Stephen is that you?

Maybe I should send you a copy of my opening breif describing an ethics crisis involving Duncan, Renkes, Stevens, Veco, Adak Fisheries,etc.

What do you suppose is in store for the Alaska Dems?

Posted by: salmonshark | Jul 31, 2007 8:43:21 AM

Did anyone look in the freezer? Maybe Alaskan Republicans use the same hiding place the Louisiana Democrats use. ... . All politicians are subject to corruption, it’s too easy and too tempting. Those who don’t take bribes might own or have a past history with a company. Cheney, Hilary Clinton and Lyndon Johnson come to mind quickly. My mayor and sheriff take local bribes and I suspect one of my Arkansas senators gets money from Tyson. Jimmy Carter was the most honorable man to reside in the White House in my lifetime. Not a great president but he’s honest to core. A truly honorable man. The late Governor Huey Long of Louisiana ran on the platform of theft and corruption. He promised he would steal less than his opponent. He built roads, schools, and did more for the poor in his state than any governor in US history. Claimed he was stealing every day. ... . It’s not a question of who is corrupt and who isn’t. It’s a question of who gets more done for the people and who does more for themselves and their rich friends at the expense of the people. There is corruption on both sides of the aisle. The problem today is that we focus more on catching our politicians than looking at issues. I don’t take sides, I just call ‘em like I see ‘em.

Posted by: Royce | Jul 31, 2007 8:50:31 AM

It is a shame. Elderly people all over this country are wondering how to pay for medicine - food- gas and the people who are elected to represent us are wondering who they can squeeze to get their house remodeled. I am just a 45 year old cafeteria worker. Helping my mom pay bills while her spouse is dying of lung cancer and I still have a child in school. I am so grateful I have a 25,000 a year job and a husband to help.
Where is the justice in America?
And whatever really happens to the people who cheat the citizens they are supposed to represent?
Welcome to America-
Land of opportunity?

Posted by: sandy | Jul 31, 2007 8:54:05 AM

Prison! 20yrs hard labor for all involved in wasting my tax money. I didn't get any tax refund this year though I work a regular 9-5 job at less than 40K a year and I'm taxed at around 30% like every other shmoe but these super rich dirtbags sure know how to work the system. Now the treasury secretary wants to up the debt limit another 780 billion dollars! We need Ron Paul!!!

Posted by: Brent | Jul 31, 2007 8:59:15 AM

Eric...there's a senator from West Virginia that might disagree with you...last name of Byrd

Posted by: Sean | Jul 31, 2007 9:10:28 AM

Did anyone look in the freezer? Maybe Alaskan Republicans use the same hiding place the Louisiana Democrats use. ... . All politicians are subject to corruption, it’s too easy and too tempting. Those who don’t take bribes might own or have a past history with a company. Cheney, Hilary Clinton and Lyndon Johnson come to mind quickly. My mayor and sheriff take local bribes and I suspect one of my Arkansas senators gets money from Tyson. Jimmy Carter was the most honorable man to reside in the White House in my lifetime. Not a great president but he’s honest to core. A truly honorable man. The late Governor Huey Long of Louisiana ran on the platform of theft and corruption. He promised he would steal less than his opponent. He built roads, schools, and did more for the poor in his state than any governor in US history. Claimed he was stealing every day. ... . It’s not a question of who is corrupt and who isn’t. It’s a question of who gets more done for the people and who does more for themselves and their rich friends at the expense of the people. There is corruption on both sides of the aisle. The problem today is that we focus more on catching our politicians looking at issues. I don’t take sides, I just call ‘em like I see ‘em.

Posted by: Royce | Jul 31, 2007 9:11:25 AM

Wow, the book is thrown at him here at teh ultra-lib ABCNEWS. Innocent until proven guilty?? Not here......FBI raided his home because of his SON. He had HOUSEWORK DONE, which he said HE paid for out of his own pocket. Lets wait and see what happens, instead of raking him over the coals. Its not like he had money in the freeeeeeeezer

Posted by: Macans | Jul 31, 2007 9:55:24 AM

The problem of corruption is huge and it is not just Republicans. Democrats are just as bad. The new congress who was supposed to save the world from corruption is already refusing full disclosure. The system is broken.

Posted by: PJC | Jul 31, 2007 10:01:15 AM

Commute whatever sentence he will/should receive now! The Libby defense stratagem.

Posted by: dean gary | Jul 31, 2007 10:24:33 AM

Well this comes as no surprise. I think if the FBI and IRS dig deep enough they may find this kind of arrangement between more of our political leaders and the oil industry. One could potentially argue that it could lead all the way up into the White House. Pure speculation on my part but not that far fetched. Now wouldn't that be a story...

Posted by: no surprise | Jul 31, 2007 10:28:01 AM

Would be nice to see all the Rep vs Dem stuff stop. Just shows how the two parties have most people sucked in.

THERE ARE ALL CORRUPT! The Rep's and Dem's feed at the same trough.

HELP SAVE THE US... Never reelect an incumbent.

Posted by: steve | Jul 31, 2007 10:28:20 AM

I'm surprised how much confidence Americans have in the power of vote. Basically as someone was saying here, you are just changing the crooks. There are crooks in both parties. Presidents of both parties lied. Both parties have corruption issues. Both parties went overboard in coming up with Patriot act and going to war with Iraq. Politicians on both sides are interested in making money first and serving people second. That said at this time I see more and more Republicans being corrupt and are liars, despite their Family values pitch. There are no good options. Good luck Americans!

Posted by: viewfromoutside | Jul 31, 2007 10:47:18 AM

This is NOT a Republican issue with corruption in the Government. There have actually been more Democrats charge with corruption then Republicans, but it is not the way the media reports about it. Please stop trying to make this a Partisan issue and report about all levels of it happening and maybe the public will wake up to it.

Posted by: Jeff | Jul 31, 2007 10:50:15 AM

People it's time to get angry. You need to get all over your congressman about this. Congress can spend 350 million dollars of your money to build a bridge in Alaska for 50 people. And can spend 13 billion dollars a month on wars. But they cant spend a measly 10 billion dollars for one year to provide health care coverage for poor American children. The future of America.

Posted by: World Court! | Jul 31, 2007 10:52:22 AM

You Know ????

Maybe it is time for term limits on Senators and Reps

Posted by: Jim in Marietta | Jul 31, 2007 11:11:23 AM

Just another crooked rep who preaches one way and lives another

Posted by: R Duncan | Jul 31, 2007 11:13:57 AM

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