PAC's money woes focus of testimony in DeLay trial

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Associated Press

Posted on November 15, 2010 at 4:02 PM

Updated Monday, Nov 15 at 4:02 PM

AUSTIN, Texas (AP) — Prosecutors have been telling jurors in Tom DeLay's money laundering trial about the fundraising problems that had been faced by the ex-House majority leader's political action committee.

An accountant for DeLay's PAC told jurors Monday that the political group had ran low on money from individual donors, the only type of funds that could be given to candidates under Texas law. Other PAC workers have given similar testimony.

Prosecutors accuse DeLay of using his PAC to illegally funnel $190,000 in corporate funds into Texas legislative races in 2002.

DeLay denies wrongdoing, saying no corporate money went to Texas candidates.

The former Houston-area congressman is charged with money laundering and conspiracy to commit money laundering.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

AUSTIN, Texas (AP) — Testimony has resumed in the money laundering trial of former U.S. House Majority Leader Tom DeLay.

Prosecutors on Monday questioned Russell Anderson, the accountant for DeLay's Texas-based political action committee.

DeLay is accused of using his PAC to illegally funnel $190,000 in corporate funds into Texas legislative races in 2002.

DeLay denies wrongdoing. He says the money swap at the center of the case was legal, no corporate money went to Texas candidates and he had little involvement in how the PAC was run.

The former Houston-area congressman is charged with money laundering and conspiracy to commit money laundering. He faces up to life in prison if convicted.

Prosecutors say they may rest their case on Tuesday. The trial is in its third week.

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