Business & Economy

Controversies

Business & Economy Controversies & ScandalsDisplaying 17 Items
  • Tom DeLay, a Republican U.S. Representative from Texas from 1979 to 1983 and from 1985 to 2006 and the House Majority Leader from 2003 to 2005, was convicted in 2010 of money laundering and conspiracy charges related to illegal campaign finance activities aimed at helping Republican candidates for Texas state office in the 2002 elections.
  • The Cunningham scandal is a U.S. political scandal in which defense contractors paid bribes to members of Congress and officials in the U.S. Defense Department, in return for political favors in the form of federal contracts. Most notable amongst the recipients of the bribes was California Congressman Duke Cunningham who pled guilty to receiving over $2.3 million in bribes. The primary defense contractors were Mitchell Wade (owner of MZM) and Brent R. Wilkes (owner of ADCS Inc.).
  • After a decade long investigation, George Ryan was charged with 22-counts of federal indictment. The charges included racketeering, bribery, extortion, money laundering and tax fraud. The indictment alleged that Ryan steered several state contracts to Warner and other friends; disbursed campaign funds to relatives and to pay personal expenses; and obstructed justice by attempting to end the state investigation of the license-for-bribes scandal. He was charged with lying to investigators and accepting cash, gifts and loans in return for his official actions as governor. On April 17th, 2006, after months of a trial, Ryan was found guilty on all counts. Ultimately, he was sentenced to 5 1/2 years in minimum security prison.