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Tom Delay Convicted Of Money Laundering - Tom DeLay, the former U.S. House majority leader whose name became synonymous with the Republicans’ controversial rise to power, was found guilty today of laundering money in connection with the 2002 elections. He faces a possible sentence of 5-99 years in prison and a maximum $10,000 fine on the money laundering charge, and 2-20 years in prison and a possible $10,000 fine on the conspiracy charge. Prosecutors earlier said they believe the DeLay case is the first such criminal charge ever filed over Texas’ century-old prohibition on corporate contributions in state political races. Delay, a Republican who was nicknamed “The Hammer” because of his heavy-handed style, was accused of conspiring to funnel $190,000 of corporate money through the Republican National Committee, which sent $190,000 in campaign donations to seven GOP candidates for the Texas House. Tom Delay Convicted Of Money Laundering