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DeLay Found Guilty Of Money Laundering

AUSTIN (AP) – A jury in Austin has convicted former U.S. House Majority Leader Tom DeLay on charges he illegally funneled corporate money to Texas candidates in 2002.

Delay was once one of the most powerful Republicans in Congress. He now faces up to life in prison.

Jurors deliberated for 19 hours before returning guilty verdicts on Wednesday on charges of money laundering and conspiracy to commit money laundering.

Prosecutors say the former Houston-area congressman used his political action committee to illegally channel $190,000 in corporate donations into Texas legislative races through a money swap.

DeLay and his attorneys maintained no corporate funds went to Texas candidates and the money swap was legal.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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