DeLay $1 Million in the Hole?

Start your day with TPM.
Sign up for the Morning Memo newsletter

Wow. When DeLay retires from Congress this Friday, it looks like he’ll find himself $1 million in debt — and it could get worse for him, even if he’s found innocent in every mess he’s involved in.

In an interview with USA Today published today, Tom DeLay says he owes more than $2.5 million in legal fees. And no wonder – he’s got something like a personal legal army. Four different firms are working for him on various matters, most notably the money laundering prosecution in Texas and the federal investigation of his ties to Jack Abramoff.

But DeLay only has $1.4 million in his campaign treasury — and his defense fund is tapped out, which leaves him in the hole for over a million. To make matters worse for the guy, he’ll be going to trial sometime later this year in Texas, which is massively expensive.

A Tom DeLay Bake Sale? Free Tom DeLay T-shirts?

Latest Muckraker
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: