In late 2003, the U.S. senator finagled a $29 million earmark for "The Alaska Fisheries Marketing Board." Guess who got to chair the group -- which for two years did not disclose its activities? That's right: Ben Stevens. (A spokesman for the father said he merely "recommended" his son for the post.)
And last December, it was revealed that Stevens senior inserted a provision into a bill worth $10 million to a fishing venture for which his son Ben secretly held an investment option. The provision was estimated to be worth $1.5 million to Ben. (In the end, Ben didn't collect that profit, however; the venture soured for unrelated reasons.)
There's no evidence Ted Stevens is of interest to the investigation announced yesterday -- although he does have an office in the same town where one of the FBI warrants was executed. Keep in mind, however, investigators are required to follow up on any evidence of wrongdoing they come across. And judging by the news pictures, the FBI has been wheeling a lot of documents out of those offices. If they've already got reason to believe that evidence as outrageous as "Corrupt Bastards Club" hats exist, who knows what kind of stuff they might stumble across.