Updated: U.S. Senator Indicted By Federal Grand Jury

Senator Ted Stevens is facing a seven-count federal indictment charging that he failed to disclose thousands of dollars in services he received from a company that helped renovate his home.

Stevens has been dogged by a federal investigation into his home renovation project and whether he pushed for fishing legislation that also benefited his son, an Alaska lobbyist.

Prosecutors allege that for a number of years, Stevens concealed what they call "his continuing receipt of hundreds of thousands of dollars worth of things of value from a private corporation," including improvements to his vacation home in Alaska.

Prosecutors say Stevens "took multiple steps" to continue receiving things from oil services company VECO Corporation, and its founder, Bill Allen.

At the time, the indictment alleges, Allen and other company employees were soliciting Stevens for "multiple official actions" knowing that Stevens could and did use his official position and his office on behalf the company.


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