Word: wedtech
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Dates: during 1980-1989
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...Mario Biaggi, a Bronx Democrat who has served for 20 years in Congress, was convicted of 15 felony counts for his part in the Wedtech scandal. The federal jury found Biaggi guilty of extorting $1.8 million in Wedtech stock and $50,000 in cash in return for his influence in getting federal military contracts for the Bronx-based manufacturing company. The day after the conviction Biaggi tearfully resigned his seat in Congress...
...Wedtech. Again at Wallach's urging, Meese in 1982 provided what McKay called "instrumental" help to Wedtech, a New York City firm, so that it could land a $32 million Government contract. He intervened despite warnings by Fred Fielding, counsel to the President, and Craig Fuller, assistant to the President, that the White House should not get involved in contract awards. McKay, however, found no evidence that Meese got anything of value for his assistance or violated...
...proceeds from the 1985 sales were invested for the Meeses by the attorney general's financial manager, W. Franklyn Chinn, who is currently under indictment for alleged racketeering in the Wedtech scandal. Meese had been referred to Chinn by Meese's longtime friend, E. Robert Wallach, who also figures prominently in the report...
McKay also disclosed that Wallach, who is under indictment for alleged racketeering in the Wedtech scandal, facilitated two loans to Meese totalling...
...Wallach's behest, Meese intervened on behalf of the Wedtech Corp. in 1981, resulting ultimately in the defense contractor being awarded a $32 million contract. Meese also assisted Wallach in connection with a $1 billion Iraqi oil pipeline project, setting up a meeting between the San Francisco lawyer and then-National Security Adviser Robert McFarlane...