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Paper: Grand Jury Examines Stevens Ties to Oil Co

From the Anchorage Daily News:

A federal grand jury in Washington, D.C., heard evidence last month about the expansion of U.S. Sen. Ted Stevens' Girdwood home in 2000 and other matters connecting Stevens to the oil services company Veco Inc....

The existence of the Washington grand jury investigation is the strongest indication to date that Stevens himself has become a subject of the wide-ranging federal probe that surfaced with FBI raids on state legislative offices last August. Former State Sen. Ben Stevens, Ted Stevens' son, was among the legislators whose offices were searched. Ben Stevens has denied wrongdoing.

Earlier this month, Sen. Stevens admitted that the FBI has asked him to preserve records relevant to his ties to Veco.


Comments (18)

RandyR wrote on June 18, 2007 10:06 AM:


I would like to wish Senator Ted best wishes with his new position dishing out vegies. Thank you Ted for your years of sterling service.


Jeremiah wrote on June 18, 2007 10:27 AM:

It's not the global warming that is thawing out Alaska... it's the heat on Stevens!

[Sec.Code=flag, as in "It's time to wrap yourself in it Senator."]

Bruce wrote on June 18, 2007 10:44 AM:

I guess that series of tubes runs from big Oil directly into Stevens pockets.

Sen. Stevens most memorable quote:.......NO!

Tom in AZ wrote on June 18, 2007 11:01 AM:

Looks like those toobz may unclog soon.

Frank wrote on June 18, 2007 11:03 AM:

Greed runs in the family...This is just the tip of the iceberg for this "bridge to nowhere" pork pig.

Henk wrote on June 18, 2007 11:32 AM:

It’s not surprising that these guys are corrupt. What is surprising is how cheaply that can be bought. The Duke Cunningham was one of the first to really cash in, but if you look at the facts what he got, $2 million plus, was a pittance compared to the hundreds of millions made by the contractors that he worked for. Stevens got his figgin' house remodeled. Sure it was a major operation, moving the first floor to the second floor, but still a home remodel for what? Millions in oil contracts or tax breaks for the oil company. Stevens never had a good reputation with me, but I am sure at some point in his many years of service he was at least halfway honest. No that is all gone for a few pieces of silver.

gcs wrote on June 18, 2007 11:44 AM:

I can't wait for this clown to be sent to prison. If there's any justice at all in the world he'll find himself on the receiving end of a whole new "series of tubes!"

Anonymous wrote on June 18, 2007 12:07 PM:

Who would've thought the FBI would do a better job of holding Bush and his cronies accountable than the Democrats. Sure, I want to see this piece of shit end up in jail but I also want to see some rage on the part of Democratic politicians- I wanna see some fight. I wanna see some fuckers lose it, like that guy in Network. FIGHT, FIGHT, FIGHT! They say politics is the art of compromise and the Dems are doing their best to play along- FUCK THAT! FIGHT, FIGHT, FIGHT! No more rolling over on Iraq. Fight these assholes. You're either with the people or with the Republicans and corporate interests.
code word: free
I wanna live in a free country again.

Robin Boerner wrote on June 18, 2007 12:48 PM:

Stevens got his figgin' house remodeled. Sure it was a major operation, moving the first floor to the second floor, but still a home remodel for what? Millions in oil contracts or tax breaks for the oil company.

Posted by: Henk
Date: June 18, 2007 11:32 AM

That is only what we know they have found so far. A colonel told my fiance' that Stevens considers Ft Richardson his piggy bank and it was known he would destroy any senior officer's career that interferred with that. As far as I can see the Patriot Act US Attorney Nelson Cohen is still doing all he can to protect an out of control US Army in Alaska (see the link at my name). I am offering $500 to the first person that can do Mr. Cohen's job for him (find the person sending threatening emails trying to disrupt a federal lawsuit). He personnally declined lifting a finger according to his computer crimes USA James Goecki.

Read Stephen Taufen's articles at the Alaska Report. Evidently fisheries was his piggy bank too.

Alaska surprised me when I got here three years ago from New York...it has to be te most corrupt state I have ever been to.

I love this quote from yesterday's Alaska Ear:

"Uncle Ted is to Alaska what Huey Long was to Louisiana ... If you live in Alaska, you pay no state taxes, and get a check every year in shared oil royalties. What keeps the gravy train going is oil. But as the decay in Saudi Arabia demonstrates, oil corrupts. And absolute oil corrupts absolutely. 'There are two things we worry about here in Alaska: Life after oil, and life after Uncle Ted,' said Ivan Moore, an independent pollster."

I don't have much faith in anyone being able to clean this place up. Gov Palin's act today of firing the entire agrriculture board is a ray of hope.

Most people here don't realize the importance of Alaskan agriculture. Not for the $$$$$ but for the fact that we are essentially a remote colony (hence why Stevens has been allowed to loot it).

All it would take is one major event like Cheney getting his way and nuking Iran and the world to get tired of our bullying ways and Alaska is suddenly a lost colony and on it's own for a while.

Duke Boys wrote on June 18, 2007 1:01 PM:


Don't worry about the Alaska dragnet because his staffers, his son and dozens others will get roped into this. Any alaskan not in a legal vegetated state knew all this sh*t was going on. It will touch just about everyone involved

My bet is Stevens will go for tax evasion just like Capone. Perp walk for his son- not Ted.
Once Ben is perp walked then Ted is done in the U.S. Senate

The never come home to dissent stooge for the military industrial complex, Ted Stevens, will be a old bitter mail man to his fellow Federal prisoners.

May be he can earmark better Federal prisoner uniforms and grub before he enters prison! Ohhhh, the irony

Duke Boys wrote on June 18, 2007 1:01 PM:


Don't worry about the Alaska dragnet because his staffers, his son and dozens others will get roped into this. Any alaskan not in a legal vegetated state knew all this sh*t was going on. It will touch just about everyone involved

My bet is Stevens will go for tax evasion just like Capone. Perp walk for his son- not Ted.
Once Ben is perp walked then Ted is done in the U.S. Senate

The never come home to dissent stooge for the military industrial complex, Ted Stevens, will be a old bitter mail man to his fellow Federal prisoners.

May be he can earmark better Federal prisoner uniforms and grub before he enters prison! Ohhhh, the irony

hey wrote on June 18, 2007 3:04 PM:

this is why I'd like to see term limits in the Congress.
Ted is in his 80s, its time for him to give someone younger a chance.
Alaska, the wilderness state that hardly sends money to fed but gets money for bridge that go nowhere.
Yes, the US is in a vat of doo doo with these guys.

Rick wrote on June 18, 2007 6:51 PM:

Muckracker....

Please note----Veco is an oil field services company, not an oil company. Haliburton, likewise, is not an oil company, but an oil field services company. Both are the vassals of big OIL companies, i.e., they do big OIL's bidding.

justus wrote on June 18, 2007 7:25 PM:

Maybe they'll take a peak at Cook Inlet Energy Supply (CIES) and Inupiat Energy. Of course, CIES was sold to Macquarie Bank in 2005, for over $62 million while the Cook Inlet Region Inc. (CIRI) shareholders received the paltry sum of around $1.75 million for their considerable ownership interest in 1998. With over a forty percent interest in CIES the CIRI shareholders appear to have been shorted by not receiving a higher multiple for their equity interest.

It's no secret, that Carl Marrs the ousted CEO of CIRI, is pals with both the good Senator Ted Stevens and Ben Stevens. Sorta like trusted arrows. And...how did the young man managing CIES, get appointed to both the National Petroleum Council and The President's Export Council while he was just in his mid thirties? That would make an interesting Freedom of Information Act exercise.

Fast forward, some have recently referred to VECO as an energy trading firm. however, CIES and its former ties to ENRON make for a very interesting read....indeed. But, going through all those FERC documents is a bit much to expect for many of CIRI's shareholders. Unfortunately, the CIRI shareholders had no clue that their off balance sheet partnership interest would one day become so valuable.

If the CIRI shareholders could ever find out the investors in Inupiat Energy than yes Virginia there is a Santa Claus. And, by the way, Senator Stevens sure looked impressive on his recent trade mission in 2006 to China with MBRT and some of its members....to include the President of Cook Inlet Energy Supply.

The totality of circumstances is just too coincidental.


Anonymous wrote on June 19, 2007 5:31 AM:

Ben Stevens= Qusai or Odai Hussein?

only the Raping was financial

Remember who gave that $750,000 in "consulting" to Ben Stevens to run the Special Olympics

How did Ben become the chief of $29,000,000 in Federal funds spent in Alaska on Seafood Marketing ? $29 MILLION!

Are we going to start on non competitive bidding of Native Corporations work in IRAQ?

You Are Mistaken wrote on June 19, 2007 7:02 AM:

You see, Ted Stevens made a big mistake.


He took bribe money from the American Turkish Council....

http://letsibeledmondsspeak.blogspot.com


That's what did him in, not the democrats etc. If you want the democrats to fight so bad, you have to ramrod them and force them into it.


The rest of us will drive this bus.

JEP wrote on June 19, 2007 9:44 AM:

...so now we got no-bid pork?

Wonder how many "competitive bidders" met with Stevens before-the-fact, to assure a winning bid?

Suirely some of them were open for bids...Might be interesting to look at Steven's visitor's record, and compare "the winners" to "the losers" on those contracts to nowhere, just to see who else was greasing the Stevens Family skids...

eywjht amoivn wrote on August 10, 2007 9:29 PM:

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