Tom DeLay Convicted Of Money Laundering
Former House Majority Leader Tom DeLay has been found guilty of money laundering during the 2002 elections.
DeLay was accused of money laundering and conspiracy to commit money laundering. On the conspiracy charge, DeLay faces a sentence of two to 20 years in prison and five to 99 years or life in prison on the money laundering count.
In preparation for the 2002 elections, DeLay cloned his Americans for a Republican Majority political committee as Texans for a Republican Majority. TRMPAC was designed to help Republicans win a state House majority in preparation for a mid-decade congressional redistricting in 2003.
That redistricting helped the Republicans take a 17-15 majority from the Democrats and win a 21-11 GOP majority in the 2004 elections.
At the center of the case against DeLay was an exchange of $190,000 in corporate donations to TRMPAC for an equal amount of money donated by individuals to the Republican National Committee. The RNC money was given to seven Texas candidates specified by TRMPAC.
Corporate money cannot be used in candidate campaigns in Texas.Click here for reuse options!
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