June 19, 2007
Posted: 05:56 PM ET
COLUMBIA, South Carolina (AP) — South Carolina Treasurer Thomas Ravenel, a former real estate developer who became a rising political star after his election last year, was indicted Tuesday on federal cocaine charges. Ravenel and another man were accused of distributing less than 500 grams of the drug starting in late 2005. Ravenel is also the state chairman for former New York Mayor Rudy Giuliani's presidential campaign. Ravenel started his political career in 2004, funding his own campaign for a U.S. Senate seat. He finished a close third in the Republican primary. Ravenel was founder of the Ravenel Development Corp., a commercial real estate development company. His father, Arthur Ravenel Jr., was a powerful politician from Charleston who served eight years in the U.S. House and is a former state representative and state senator. Filed under: Rudy Giuliani
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