David M Cantor, an Arizona Money Laundering lawyer, discusses Tom DeLay’s sentencing to 3 years in prison for money laundering charges related to election funds in Texas congressional races. Besides the prison term this case has cost him his political office, leadership role, millions of dollars in legal fees, and allegedly caused his wife’s health to deteriorate.
This follows DeLay’s November Jury conviction of money laundering charges where he used a political action committee to transfer corporate donations to Texas House candidates in 2002. As David explains it is illegal to use corporate funds in this manner as it creates an unfair advantage in political races. In this case DeLay used it to win 7 critical House seats and was then able to redistrict Texas to the Republicans advantage and build up a lot of power.
Delay is going to appeal the sentencing so we will still have to wait and see what happens. As David points out however this does seem to be good news that the ‘monetary cheating’ during elections will be stopped. As always this is what David thinks, let us know what you think?