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In July of 2008, Stevens was indicted on charges of taking gifts from the oil servicing company VECO and its CEO Bill Allen who benefited from his legislation. Stevens' son Ben, the leader of the state senate, and other state politicians have also been implicated in corruption related to VECO.<ref>[http://www.cnn.com/video/#/video/politics/2008/07/31/vo.stevens.court.depart.cnn?iref=videosearch Stevens pleads not guilty]</ref>
 
In July of 2008, Stevens was indicted on charges of taking gifts from the oil servicing company VECO and its CEO Bill Allen who benefited from his legislation. Stevens' son Ben, the leader of the state senate, and other state politicians have also been implicated in corruption related to VECO.<ref>[http://www.cnn.com/video/#/video/politics/2008/07/31/vo.stevens.court.depart.cnn?iref=videosearch Stevens pleads not guilty]</ref>
On October 27th, 2008, Stevens was convicted on 7 counts of corruption, after a highly politicized trial meant to derail his re-election chances.
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On October 27th, 2008, Stevens was convicted on 7 counts of corruption, after a highly politicized trial meant to ensure that justice would be served. However, in typical Alaskan form, Ted Stevens somehow held a narrow lead after the election and may just(once all the votes are tallied) become the only convicted felon ever elected to office.
Stevens, however, vowed to continue his bid.  
      
==References==
 
==References==
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