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Texas: Texans for a Republican Majority PAC and TAB indicted

The Austin American Statesman reports: The Texas Association of Business and Texans for a Republican Majority Political Action Committee have been indicted on charges of illegally using corporate money to help Republicans win control of the Texas Legislature in 2002.

The indictments, released publicly this morning, include 128 counts against the business group and two against the political action committee, which was created by U.S. House Majority Leader Tom DeLay, R-Sugar Land.

The Travis County grand jury that issued the indictments, however, took no action against the Texas Association of Business' president, Bill Hammond, or any other officials with the group today. ...

If convicted, the state's largest business group faces the threat of fines up to $20,000 for each count. But the indictments also complicate the group's defense against civil lawsuits filed by losing Democratic candidates. Damages in those suits could be double the $1.7 million that the association spent on 4 million mailers to voters in 2002. -- Four indictments issued against TAB; one against TRMPAC

Thanks to DailyKOS for the link.