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Reply #6


Response to Warren DeMontague (Reply #5)

Mon Oct 7, 2013, 04:09 AM

6. Wedtech

(said like the Aflac duck)


When Wedtech went public, it gave shares of stock to law firms (as payment for legal services), including Squadron, Ellenoff, Plesent & Sheinfeld. But many of the law firms employed members of the U.S. House of Representatives, including Bronx Congressmen Mario Biaggi and Robert Garcia, who would later be forced to resign their seats due to their roles in the scandal.

...By the final years of Reagan's second term, Wedtech's crimes had become too numerous to hide. An independent counsel was appointed by Congress, which later charged Attorney General Edwin Meese with complicity in the scandal (he had worked as a lobbyist for the company prior to his appointment to Justice). While Meese was never convicted of any wrongdoing, he resigned in 1988 when the independent counsel delivered the report on Wedtech. The independent counsel McKay never prosecuted or sought indictment of Meese, but in his official report, which is still confidential, he was highly critical of Meese's ethics and urged further investigation of Meese's role in that scandal and others (such as Meese's efforts to help Bechtel Corporation build an oil pipeline for Sadam Hussain's Iraq).


http://en.wikipedia.org/wiki/Wedtech_scandal

...if it quacks like a duck. it's not bribery if someone resigns, I guess.

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RainDog Oct 2013 OP
Edim Oct 2013 #1
Edim Oct 2013 #3
JackInGreen Oct 2013 #19
Warren DeMontague Oct 2013 #2
RainDog Oct 2013 #4
Warren DeMontague Oct 2013 #5
LineLineLineLineReply Wedtech
RainDog Oct 2013 #6
Warren DeMontague Oct 2013 #14
RainDog Oct 2013 #13
RainDog Oct 2013 #21
LeftishBrit Oct 2013 #7
RainDog Oct 2013 #10
DeSwiss Oct 2013 #8
RainDog Oct 2013 #9
DeSwiss Oct 2013 #11
RainDog Oct 2013 #12
Alkene Oct 2013 #15
riqster Oct 2013 #16
hue Oct 2013 #17
Bernardo de La Paz Oct 2013 #18
RainDog Oct 2013 #20
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