John Edwards indicted by federal grand jury

This just in! Former North Carolina Senator (and 2004 Vice Presidential candidate) John Edwards has been indicted for cooking the campaign books to support one Ms Rielle Hunter (see Enquirer cover, left). Not simply another report of hanky-panky from a politician, this indictment claims funds were illegally diverted from Edwards' presidential campaign to financially support (and silence) Hunter, the mother of his child.

From CBS:

RALEIGH, N.C. — A federal grand jury has indicted two-time presidential candidate John Edwards over money spent to cover up his extramarital affair during the height of his 2008 campaign for the White House.

The case of USA v. Johnny Reid Edwards contains six counts, including conspiracy, four counts of illegal campaign contributions and one count of false statements. The indictment was returned in the Middle District of North Carolina Friday.

An Edwards spokeswoman said she wasn't aware of the filing and declined immediate comment.

The indictment is the culmination of a federal investigation that lasted more than two years and scoured through virtually every corner of Edwards' political career.

Edwards' attorney Greg Craig met Friday with prosecutors in North Carolina, an indication that the former presidential candidate is likely to be charged, either in a grand jury indictment or in a negotiated charge to which he would plead guilty.

A person with knowledge of the investigation said Craig, a Washington lawyer who was President Barack Obama's first White House counsel, planned to be in his client's home state Friday, where prosecutors were prepared to file charges. The source insisted on anonymity in order to discuss the private negotiations.

Edwards has had North Carolina representation throughout the investigation, but Craig was brought onto the team earlier this year when the decision whether to charge him still rested with Justice Department officials in Washington.

Those officials have approved criminal charges; they decided that the hundreds of thousands of dollars that two Edwards donors gave to help keep his mistress, in hiding were contributions that should have been reported publicly by his campaign fund because they aided his bid for the Democratic White House nomination. Edwards' lawyers have argued that the funds were gifts from old friends intended to keep the affair a secret from his wife, Elizabeth, who died of cancer in December.

A plea to a felony charge involving campaign finances could strip Edwards of his law license and end any hope he could work as an attorney for the poor. And a trial would mean more sordid stories about his campaign affair and the child he fathered during it, further battering his reputation.

Even if he were to win the case, it appears the 2004 Democratic vice presidential nominee would do so by making a humiliating argument: that money used to keep his mistress and out-of-wedlock child in hiding was intended to shield the affair from his cancer-stricken wife — not to aid his candidacy, which is what prosecutors believe.

"Trial or not, John Edwards is the Charlie Sheen of American politics — great hair and no chance for rehabilitation," said Democratic consultant Jack Quinn.

Political sex scandals can either be just a career glitch (think Newt Gingrich, who recently announced a run for the presidency) or a career-ender (think Mark Foley, who recently declined a run for mayor of West Palm Beach, Fla.). Many Democrats believe Edwards falls into the latter category, as someone who faces little chance of revitalizing his image even if he emerges victorious from his legal case.

Edwards' attorneys have denounced the investigation as a waste of resources and contend he did not violate the law.

Edwards has said he hopes that once this case is behind him he can revive his legal career, specializing in helping the victims of poverty he championed on the campaign trail. However, a lawyer in North Carolina who pleads guilty or no contest to a criminal offense faces disciplinary action by the State Bar, ranging from a mild rebuke to a loss of license to practice.

The case against Edwards focused on the private money used to keep Edwards' mistress in hiding. Andrew Young, a former aide to Edwards, initially claimed paternity of mistress Rielle Hunter's child and traveled around the country keeping her in seclusion. Young has said he received hundreds of thousands of dollars of support from two wealthy Edwards donors.

Another dent in an Edwards' revival is moving ahead in civil court, where Young and Hunter are battling over a purported sex tape involving the former candidate. Edwards has been deposed as part of that lawsuit.

Gary Pearce, a Democratic strategist who helped get Edwards elected to the Senate, said he'd prefer to see Edwards take a plea deal and avoid a grueling trial that would rehash past sins.

"We've all had enough," said Pearce, who doesn't think Edwards will ever be able to return to politics.

I dunno about that... if Newt Gingrich can run for president as a moralist, anyone can.