BREAKING: Tom DeLay found GUILTY

AP via KHOU-TV: Former Congressman Tom DeLay guilty of money laundering and conspiracy to commit money laundering.

UPDATE:

DeLay was charged with money laundering and conspiracy to commit money. 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.