11/01/2010 // US // TiffNews10 // News Desk
Austin – Former U.S. House majority leader Tom DeLay has been accused of taking part in a money laundering scheme. As reported by the Associated Press (AP), prosecutors assert that DeLay illegally channeled funds from corporations to help GOP political campaigns.
Travis County prosecutor Beverly Mathews is quoted by the AP as stating of DeLay and two of his associates, Jim Ellis and John Colyandro, “The evidence will show you they took the corporate money they knew could not be given and came up with a scheme where that dirty money could be turned clean and given to candidates.”
If convicted on charges of money laundering and conspiracy to commit money laundering, DeLay could receive a sentence of up to life in prison. He has denied wrongdoing in the matter.
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