The profits from the arms sales were used to fund the Nicaraguan Contra Rebels.
Reagan, most known for the "Iran-Contra Affair", was the 40th president of the United States. The Iran-Contra Affair occured when several administration staffers were convicted of crimes ranging from lying to Congress to conspiracy to defraud the U.S. The scandal involved the administration selling weapons to Iran and using proceeds from the sales to fund the "Contras", a guerrilla insurgent group in Nicaragua.
One notable American company involved in a scandal is Enron, which was at the center of one of the largest corporate fraud cases in history. In the early 2000s, it was revealed that Enron had engaged in widespread accounting fraud to hide its financial losses and inflate profits, leading to its bankruptcy in 2001. This scandal resulted in significant financial losses for investors, thousands of layoffs, and changes in regulations regarding corporate governance and accounting practices. The fallout also led to the dissolution of Arthur Andersen, one of the five largest audit and accountancy partnerships in the world at the time.
The Pacific Scandal was about bribes being accepted by members of the government for the national railroad contract. The scandal took place in Canada in 1873.
The outcome of the Watergate scandal was the resignation of Richard Nixon.
Oliver North took the blame for Ronald Reagan about the Contras.The CIA gave money to the Contras in Nicaragua.The Iran Contra affair was a political scandal for Ronald Reagan.
It violated a federal law banning the sale of weapons to the Contras. - apex
The profits from the arms sales were used to fund the Nicaraguan Contra Rebels.
Iran-Contra Affair: Was a scandal in the Reagan administration involving the use of money from secret Iranian arms sales to support the Nicaraguan Contras
Senior administration officials secretly facilitated the sale of arms to the Khomeini government of the Islamic Republic of Iran, which was the subject of an arms embargo. The administration hoped to use the proceeds of the arms sale to fund the Contras in Nicaragua.
You are a publicity seeker. publicity is very important for profits.
It violated a federal law banning the sale of weapons to the Contras. - apex
Sam Hughes supported the Ross Rifle, which turned out to be faulty when used in WW1. Hughes was at the time Minister of Militia.
Notes on a Scandal (2006)Scandal (1989)Scandal U.S.A. (1981)Scandal Sheet (1952)Scandal Sheet (1985)Scandalous (1984)A Scandal in Paris (1946)A Breath of Scandal (1960)Also, here are some non-English movies that have "scandal" in their English titles:Insadong Scandal (2009)Scandal, aka Shubun (1946)Scandal Makers, aka Speed Scandal, aka Kwasok Scandle (2008)The Quiz Show Scandal, aka Kwijeu Wang (2010)Untold Scandal, aka Seukaendeul: Joseon Namnyeo Sangyeol Ji Sa (2003)
The company you are referring to is the Credit Mobilier scandal, which involved a construction company overcharging the Union Pacific Railroad for construction projects and making substantial profits. The scandal revealed that company executives had bribed several members of Congress and influential figures to secure government contracts and favorable legislation. This scandal tarnished the reputation of President Ulysses S. Grant's administration and led to investigations and reforms in government contracting practices.
Late in the Reagan Administration, it was discovered a political military group in Nicaragua called the Contras were fighting a guerrilla war against what seemed to be a communist regime. In secret the US was supplying arms to the Contras based on monies received from Iran. It was called the Iran-Contra scandal. A key figure in this illegal operation, a Major Oliver North took full blame for this misadventure. By doing so, the Reagan White House escaped blame.
We must avoid being drawn into a scandal. The newspaper headline about the fake designer slippers read, "Sandal Scandal". What scandal will be revealed on next week's episode?