Tuesday, April 8, 2008

Teapot Dome scandal pt 2

Teapor Dome scandal was reveal to the public in 1924 when the Wall Street Journal reported a secret arrangement in which Fall had leased the petroleum reserves to a private oil company without competitive bidding. Fall denies this claim, the money Fall he receives was illegal—not the lease itself.

Thomas J. Walsh led the investigation to seek answer to many questions. For two years, Walsh was unable to find any answers and not evidence that show that was Fall was receiving money from the oils company. By 1924, the Committee had found all they needed to find but there was still one unanswered question: How did Fall become so rich so quickly? Walash later found one piece of evidence that fall forgot to cover up. Doheny's loan to Fall in November 1921, for $100,000. Over the next few months, dozens of witnesses testified before the committee. On January 24, 1924, Edward Doheny admitted that he had lent Fall $100,000. Fall was found guilty of bribery in 1929, fined $100,000 and was sentenced to one year in prison. Harry Sinclair, was charged with contempt, fined $100,000, and received a short sentence for tampering with a jury. Edward Doheny was acquitted in 1930 of attempting to bribe Fall.


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