Ad Code

History | 25 October | What happened today

Today's History contains some very informative facts, Progyani.com's top priority is to bring the best and interesting History facts to its readers, The History of 25 October is related to teapot dome oil reserve scandal.


 25 October, 1929: Teapot Dome Scandal, a cabinet member found guilty.



Albert B. Fall, secretary of the interior in President Warren G. Harding's cabinet, was found guilty of accepting a bribe while in office. Fall became the first individual to be convicted of a crime committed while being a presidential cabinet member.

Fall accepted a $100,000 interest-free  amount  from Edward Doheny of the Pan-American Petroleum and Transport Company while being a member of President Harding's corruption-ridden cabinet in the early 1920s. Doheny wanted a valuable oil lease in the Elk Hills naval oil reserve in California, he wanted it to be granted by Fall. Later Fall realises the personal gains he could have by leasing the land to private corporations and urged to transfer the site along with the Teapot Dome naval oil reserve in Wyoming was transferred to the Department of the Interior.

The Senate Public Lands Committee launched an investigation that revealed that Fall did not only received a $100,000 bribe from Doheny but also he received a Bribe of $300,000 from Harry Sinclair, president of Mammoth Oil in government bonds and cash in exchange for usage of the Teapot Dome oil reserve in Wyoming. 

The oil fields were restored to the United States government in 1927, by Supreme Court decision, Fall was convicted of bribery and was send to prison for one year and was fined of $100,000. 

 





Reactions

Post a Comment

0 Comments

Close Menu