Word: coelho
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Dates: during 1980-1989
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...same could not be said of whip Tony Coelho, who had hoped to bump up a notch to majority leader. The Justice Department is reportedly in the preliminary stages of a criminal investigation of Coelho's investment in a $100,000 junk bond sold by indicted inside trader Michael Milken's firm, Drexel Burnham Lambert. Late Friday, after Common Cause asked the ethics committee to determine whether the bond deal was a favor, Coelho could see what lay ahead. He announced that he was quitting his leadership post immediately and resigning from Congress on June 15, his 47th birthday...
That cleared the way for Richard Gephardt, who has already passed professional, financial and sexual scrutiny as a candidate for President, to run for majority leader. Gephardt had been lying low until Coelho dropped out -- he and Coelho have a noncompete clause in their friendship contract -- so late Friday he was scrambling to get members' home phone numbers to campaign over the weekend. Georgia's Ed Jenkins, an ally of powerful Chicago Congressman Dan Rostenkowski, is another likely candidate. Former Budget Chairman Bill Gray, Arkansas' Beryl Anthony and Michigan's David Bonior will probably fight it out for Coelho...
Troubles for Democratic whip Tony Coelho mounted with stories of his profiting from favoritism by borrowing money to buy a $100,000 junk bond from Drexel Burnham Lambert -- a deal that ultimately netted him $6,882. Avenging Republicans hovered over fax machines, gathering new items from the stories on Coelho in California's crusading Fresno...
...Coelho was sighted on Capitol Hill one morning having breakfast with Mike Deaver, an early victim of the ethics monster. Was he meeting for advice or commiseration? Coelho, a longtime friend of fellow Californian Deaver, would...
...Richard Gephardt (D-Mo.) was said by friends to be running hard to replace Foley as majority leader, the No. 2 position. It was unclear whether the third-ranking Democrat in the House, majority whip Tony Coelho of California, would seek to move up or would be prevented from doing so by separate ethics questions that have arisen over his business dealings...