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Former Sen. Stevens paid lawyers at least $1M
Headline Legal News | 2009/05/15 10:04
New financial disclosures show that former Alaska Sen. Ted Stevens spent at least $1 million on legal bills defending himself against charges that he failed to report gifts as required.

A report filed this week with the Senate shows that Stevens owes between $1 million and $5 million to the Washington law firm Williams and Connolly for defending him in his corruption trial last year.

A jury found the longtime Republican lawmaker guilty in October on seven counts of lying on financial disclosure forms about gifts, including renovations that doubled the size of his home in Girdwood, Alaska. A judge dismissed the case in April, saying prosecutors withheld evidence that might have been favorable to Stevens at trial.

The disclosures filed this week are the same type of annual reports used against Stevens in his corruption case. The forms, which cover 2008, show that Stevens also owes $50,000 to $100,000 to another Washington law firm, Utrecht and Phillips.



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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
 
 
 

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