Barry Bonds Indicted for Perjury Arising from His Testimony in the Balco Investigation

SAN FRANCISCO – United States Attorney Scott N. Schools, Special Agent in Charge Scott O’Briant of the Internal Revenue Service Criminal Investigation and Special Agent in Charge Charlene Thornton of the Federal Bureau of Investigation announced today that a federal grand jury in San Francisco indicted Barry Lamar Bonds, age 43, of Beverly Hills, California, on Nov.15, 2007, with four counts of perjury, in violation of 18 U.S.C. § 1623(a), and one count of obstruction of justice, in violation of 18 U.S.C. § 1503(a).

Bonds is charged with knowingly and willfully making false material statements, regarding his use of anabolic steroids and other performance-enhancing substances, while under oath during his testimony before the federal grand jury that was conducting the investigation into the Bay Area Laboratory Cooperative (“Balco”), and with obstructing justice in the same investigation. A copy of the indictment is attached to this press release.

The penalty for perjury is up to five years imprisonment and three years of supervised release. The penalty for obstruction of justice is up to ten years imprisonment and three years of supervised release. However, any sentence following conviction would be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.

Bonds is scheduled to make his initial appearance before United States Magistrate Judge James on Dec. 7, 2007, at 9:30 a.m. PST in San Francisco.

An indictment contains only allegations against an individual and, as with all defendants, Mr. Bonds must be presumed innocent unless and until proven guilty.

Matt Parrella, Jeff Nedrow, and Jeff Finigan are the Assistant U.S. Attorneys who are prosecuting the case. The prosecution is the result of an investigation by the Internal Revenue Service Criminal Investigation and the Federal Bureau of Investigation.