GUILTY!

Senator Ted Stevens is guilty of seven felon counts of failing to report gifts in excess of $250,000.

From Bloomberg:

U.S. Senator Ted Stevens was convicted of all seven felony charges of failing to report gifts from a company in his home state of Alaska, a possibly fatal blow to the career of the Senate's longest-serving Republican.

Stevens, 84, was convicted in Washington of making false statements on his Senate financial disclosure forms. He was accused of hiding more than $250,000 in home renovations and other gifts from Veco Corp., an Alaska oil-services company, Bill Allen, the company's founder, and other friends.

I suspect Mark Begich just became the new Democratic Senator for Alaska.