Word: wedtech
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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...
...once one of New York City's most decorated police officers, professed his innocence and plans to appeal the conviction. Said he: "Not a single penny, gift, trip, not a share of stock, ever came to me." But the jury apparently took the word of four former Wedtech executives who testified against Biaggi. In a separate case, Biaggi was sentenced last year to 30 months in prison for obstructing justice and accepting a free trip to Florida as a payoff for his assistance to a Brooklyn shipyard...
...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...
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...