Sen. Ted Stevens Found Guilty on All Counts in Corruption Trial

Today, a federal jury found Sen. Ted Stevens (R-AK) guilty on all seven counts of making false statements on his financial disclosure regarding "$250,000 in home renovations and other gifts he received from an oil contractor." According to the AP, Stevens "faces up to five years in prison on each count, but under federal sentencing guidelines, he would likely receive much less prison time, if any." Watch MSNBC's report:

UPDATE: Stevens is currently locked in a tough re-election race against Democrat Mark Begich, and the Hill observers that the verdict could "spell the end of a 40-year ... career for a man" who is currently the Senate's longest-serving Republican.

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