Republican Senator Ted Stevens was found guilty today of seven counts of making false statements on his financial disclosure forms and could now face up to five years in prison. And yes, he is currently running for re-election.If you’re not sure who Ted Stevens is, he’s the guy in the fur vest standing next to Tina Fey…

It's hard to say how much Ted Stevens being found guilty on all seven counts will hurt The McCain/Palin ticket, but Senator Stevens endorsed her for VP: Senator Stevens said: “It’s a great day for the nation and Alaskans. Governor Palin has proven herself as a bright, energetic leader for our State and will bring the same energy to the Vice Presidency. She will serve our country with distinction - the first Alaskan and first woman on the Republican ticket. I share in the pride of all Alaskans. “I have known and worked with Sarah for over a decade - from her service as Mayor of Wasilla, Alaska, in her role as president of the Alaska Conference of Mayors, and most recently as our Governor. She is attentive to her job and family, brings people together, and is able to make tough decisions.Palin even made an ad touting Stevens endorsment.Watch It: In July, Palin sat next to Stevens at a press conference, talking about how much she respected him and how his voice needed to be hard across America. And during her gubernatorial campaign, she ran a television ad proudly touting his endorsement. Watch It:Palin also has ties to VECO. When she ran for lieutenant governor in 2002, “she gathered $5,000 — or about 10 percent of her campaign fund — from Veco officials or their wives,” including $500 from CEO Bill Allen.