Sarah Palin Indictment - Alaska Governor Sarah Palin reportedly resigned because of a federal indictment pending in an embezzlement scandal that allegedly involves her receiving huge financial favors from Spenard Building Supplies.
If the news is true, the upcoming Sarah Palin indictment would have crippled her ability to govern effectively.
Her resignation was said to be so sudden that her own children were not aware she was resigning until they heard her speak the words. Prior to the announcement, Palin had given every indication that she intended to complete her tenure as governor, including 36 hours earlier during a meeting with Senator Mark Begich.
The embezzlement scandal revolves around the large, $12.5 million sports complex that Sarah Palin pushed through during her last term as Mayor in Wasilla.
Federal investigators believe the cost of the sports complex was inflated to provide free building materials and labor for the Palin home being constructed close by. Both structures, it is said, feature the “same windows, same wood, same products.”
The sports complex's architect and contractors reportedly have strong links and ties to Palin.
Spenard Building Supplies is the largest building supply company in Alaska - and they were also the supplier and contractor for ex-Senator Ted Stevens cabin.
Federal investigators have been looking into this since last October and now indictments on charges of public corruption and embezzlement appear to be imminent.
With Palin gone, will Ted Stevens run for Alaska gov.?
He's tanned, he's rested and even though he's in his mid 80s, he may be ready.
We're talking about Alaska's former senator-for-life Ted Stevens, the longest-serving Republican in the history of Congress' upper chamber. Stevens was convicted on federal charges last year and barely lost his seat to Democrat Mark Begich in November's election.
But the U.S. Justice Department, under new Attorney General Eric Holder, confessed to prosecutorial misconduct and Stevens' conviction was overturned.
In private conversations with Democratic operatives Friday, Begich was suggesting that Stevens might run next year for the office being vacated by Alaska Gov. Sarah Palin, who said Friday she'll resign at the end of the month.
A pair of Democrats, Eric Croft and Ethan Berkowitz, both former legislators, have already announced that they are running for governor. But either Stevens or Alaska's other senator, Republican Lisa Murkowski, would be an overwhelming favorite to hold the governorship for the GOP.
Stevens has been a dominant figure in 49th state politics for nearly half a century.
He worked in the U.S. Interior Department under President Dwight Eisenhower, was appointed to the U.S. Senate when a Democratic incumbent died in 1969 and rose to chair the Senate Appropriations Committee. He brought home so many federal dollars that, indictment and conviction withstanding, the Anchorage airport bears the title "Ted Stevens International Airport."
Stevens has apparently sold the Girdwood, Alaska, home that was at the center of his indictment. The head of a major oil services company confessed to having paid for improvements that turned a simple ski chalet into a more lavish home. But despite his legal troubles, Stevens came within 3,700 votes of holding his seat in '08.
Will Begich's private speculation come true? Ted Stevens is not a man used to tipping his hand to the Fourth Estate.
Source: seattlepi
If the news is true, the upcoming Sarah Palin indictment would have crippled her ability to govern effectively.
Her resignation was said to be so sudden that her own children were not aware she was resigning until they heard her speak the words. Prior to the announcement, Palin had given every indication that she intended to complete her tenure as governor, including 36 hours earlier during a meeting with Senator Mark Begich.
The embezzlement scandal revolves around the large, $12.5 million sports complex that Sarah Palin pushed through during her last term as Mayor in Wasilla.
Federal investigators believe the cost of the sports complex was inflated to provide free building materials and labor for the Palin home being constructed close by. Both structures, it is said, feature the “same windows, same wood, same products.”
The sports complex's architect and contractors reportedly have strong links and ties to Palin.
Spenard Building Supplies is the largest building supply company in Alaska - and they were also the supplier and contractor for ex-Senator Ted Stevens cabin.
Federal investigators have been looking into this since last October and now indictments on charges of public corruption and embezzlement appear to be imminent.
With Palin gone, will Ted Stevens run for Alaska gov.?
He's tanned, he's rested and even though he's in his mid 80s, he may be ready.
We're talking about Alaska's former senator-for-life Ted Stevens, the longest-serving Republican in the history of Congress' upper chamber. Stevens was convicted on federal charges last year and barely lost his seat to Democrat Mark Begich in November's election.
But the U.S. Justice Department, under new Attorney General Eric Holder, confessed to prosecutorial misconduct and Stevens' conviction was overturned.
In private conversations with Democratic operatives Friday, Begich was suggesting that Stevens might run next year for the office being vacated by Alaska Gov. Sarah Palin, who said Friday she'll resign at the end of the month.
A pair of Democrats, Eric Croft and Ethan Berkowitz, both former legislators, have already announced that they are running for governor. But either Stevens or Alaska's other senator, Republican Lisa Murkowski, would be an overwhelming favorite to hold the governorship for the GOP.
Stevens has been a dominant figure in 49th state politics for nearly half a century.
He worked in the U.S. Interior Department under President Dwight Eisenhower, was appointed to the U.S. Senate when a Democratic incumbent died in 1969 and rose to chair the Senate Appropriations Committee. He brought home so many federal dollars that, indictment and conviction withstanding, the Anchorage airport bears the title "Ted Stevens International Airport."
Stevens has apparently sold the Girdwood, Alaska, home that was at the center of his indictment. The head of a major oil services company confessed to having paid for improvements that turned a simple ski chalet into a more lavish home. But despite his legal troubles, Stevens came within 3,700 votes of holding his seat in '08.
Will Begich's private speculation come true? Ted Stevens is not a man used to tipping his hand to the Fourth Estate.
Source: seattlepi
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