So what was "Tubes" Stevens charged with today? From the indictment (PDF):
Beginning in or about May 1999, and continuing to in or about August, 2007, in the District of Columbia and elsewhere, in a matter within the jurisdiction of the legislative branch of the United States Government and subject to the legislative function exception, STEVENS, while a sitting United States Senator, knowingly and willfully engaged in a scheme to conceal a material fact, that is, his continuing receipt of hundreds of thousands of dollars' worth of things of value from a private corporation and its chief executive officer by, among other things, failing to report them, as was required, on STEVENS' required yearly Financial Disclosure Forms. These things of value provided by ALLEN and VECO to STEVENS included, among other things: home improvements to the Girdwood Residence, such as the creation of a new first floor, a new garage, a new first- and second-story wraparound deck, new plumbing, new electrical wiring, and other such additions and improvements; automobile exchanges in which STEVENS received new vehicles worth far more than the used vehicles STEVENS provided in exchange; other household goods, such as furniture, a new, permanentlyattached professional Viking gas grill, and a new multi-drawer, stationary tool storage cabinet with new tools. The aggregate value of these things of value that STEVENS accepted was greater than $250,000.
In short, he was bribed with $250,000 in home improvement services, and never reported those gifts as required. Furthermore, the VECO CEO swapped out his new Land Rover, worth $44,000, for Stevens' old '64 Mustang, worth less than $20K. So he got these goodies, then set out to hide it from the world.
It was a further part of the scheme that STEVENS took multiple steps to conceal his continued receipt of things of value from ALLEN and VECO. During the nearly seven-year period in which STEVENS received multiple things of value from ALLEN and VECO, STEVENS filed and caused to be filed false annual Financial Disclosure Forms for the years 1999 to 2006 that did not report STEVENS' receipt of any thing of value from ALLEN and VECO, either as gifts or as liabilities, as required. STEVENS also made and caused to be made multiple false representations to his friends, his staff, and the media concerning the improvements at the Girdwood Residence and STEVENS' receipt of things of value from ALLEN and VECO.
So he lied and concealed the gifts, refusing to disclose them as required by the federal Ethics in Government Act. To fulfill that act, Senators are required to fill out and sign a "United States Senate Public Financial Disclosure Report For Annual and Termination Reports", which asks (among other things):
Did you, your spouse, or dependent child receive any reportable gift in the reporting period (i.e., aggregating more than $305 and not otherwise exempt)? If yes, Complete and Attach PART V.
In most years, Stevens answered "No", and in the others, listed gifts that had nothing to do with the VECO bribery. The seven counts are essentially for lying about the gifts in that disclosure form from 1999 to 2006.
So you're all probably wondering why Stevens wasn't charged directly with bribery, rather than lying about it in the disclosure forms? The indictment doesn't allege any quid pro quos, as would be required for a charge of bribery, though it does make clear that VECO asked for favors and that Stevens and his staff responded to those requests. Asked by reporters why there was no charge of bribery in the indictment, the prosecutor responded:
“We always need to pay attention to the statute of limitations,” he said. “I’m not going to comment beyond that.”
So the statute of limitations on the bribery had apparently passed, taking that charge off the table. They are trying to get him on the next best thing. (And an aside, why is there a statute of limitations on bribery in government? Doesn't seem right.)
Stevens has now resigned his committee and sub-comittee leadership posts, as required by his caucus' rules. He has released a defiant statement, giving hope that he stays in the race and refuses pressures to bow out.
On his Senate website, Stevens said in a statement: "I have proudly served this nation and Alaska for over 50 years. My public service began when I served in World War II. It saddens me to learn that these charges have been brought against me. I have never knowingly submitted a false disclosure form required by law as a U.S. Senator.
"In accordance with Senate Republican Conference rules, I have temporarily relinquished my vice-chairmanship and ranking positions until I am absolved of these charges. The impact of these charges on my family disturbs me greatly.
"I am innocent of these charges and intend to prove that."
Next Republican up on the Commerce, Science, and Transportation Committee is John McCain, but given that he hasn't shown up for work in the Senate since last year, he'll likely be passed over. Next in line is Kay Bailey-Hutchinson. The Texas senator has the distinction of being the last sitting US Senator to have been indicted (though that case never went anywhere).
Finally, Republican candidates are now under pressure to return Stevens donations. Liddy Dole has already donated $10,000 she received from Stevens to charity, and other Dems are beginning to make big hay out of those contributions.