DOJ Remarks on Indictment of Sen. Ted Stevens

As to liabilities, the filer was to -- was required to disclose any liability or debt owed by the filer or his spouse or dependent children in an amount greater than $10,000, as well as the identity of the individual or entity to whom each debt was owed.

FRIEDRICH: The indictment charges that while he was sitting as a United States senator between 1999 and 2006, Senator Stevens accepted gifts from a privately held company, known as VECO, its chief executive officer and others.

VECO was a oil field services company and operated on an international basis. VECO was one of the largest private employers in the state of Alaska.

The gifts Senator Stevens is alleged to have received include substantial amounts of material and labor, used in the renovation of a private residence which Senator Stevens and his wife own, located in the town of Girdwood, Alaska.

These renovations are alleged to include the addition of a new first floor with multiple bedrooms and a bathroom, as well as a finished full basement.

VECO contractors and employees performed a significant portion of these renovations. For example, VECO and its employees and contractors are alleged to have provided architectural designs for the renovation; assisted in lifting up the residence and installing a new first floor; installed electrical, plumbing, framing, heating and flooring materials; installed a first-floor wrap-around deck; installed a plastic roof between the first and second floor decks; installed a heat-tape system on the roof; and performed gutter repair and electrical work.