Jury Finds DeLay Guilty of Money Laundering

Posted November 24, 2010 at 5:47pm

Former House Majority Leader Tom DeLay was found guilty Wednesday on charges of money laundering and conspiracy to commit money laundering, media outlets reported.

The Texas Republican faces up to life in prison on the money-laundering charge and up to 20 years in prison for the conspiracy count, the New York times reported. He has chosen to have Judge Pat Priest sentence him, according to the Associated Press.

A Texas jury deliberated for 19 hours after the three-week trial, which offered a glimpse into campaign financing. DeLay is accused under a 2005 indictment of illegally funneling to state candidates $190,000 in corporate money collected by his state political action committee through the Republican National Committee in 2002, in violation of state laws that prohibit such funds from being used for political campaigns. DeLay has denied wrongdoing in the case.

He also came under scrutiny in the Justice Department’s investigation involving disgraced ex-lobbyist Jack Abramoff, but the government informed DeLay in August that it would not bring charges against him in that case.

DeLay was elected to the House in 1984 and served as Majority Leader in the 108th and 109th Congresses. He resigned from office in June 2006, and he later founded the consulting firm First Principles, which is based in Sugar Land, Texas.

Jennifer Yachnin contributed to this report.