Known as possibly the most notorious scandal to shock the political world, the Watergate Scandal is quite possibly the most well-known and famous of all political debaucheries. Richard Nixon, who was running for his possible second term, bribed thieves who were, caught breaking and entering at the DNC headquarters on June 17, 1972 (Staff). The FBI, who apprehended the thieves, connected money found on the burglars to a fund that was supported by Committee for the Re-Election of the President, which was the official corporation of Nixon campaign at the time. Nixon was eventually found guilty from evidence charged against him and testimonies given by his previous staff workers (Staff). After many heated court battles, the court unanimously forced Nixon to turn in what tapes he had contracted during the scandal (Scandal). The tapes proved Nixon was trying to get an upper-hand on his competitor and proved he was trying to hide wrong doings that had taken place prior to the break in. Nixon, who was facing an almost certain impeachment resigned from presidency on August 9, 1974 and
During the year of 1972, a case submerged that shook the United State Supreme Court, as well as the world. Five intruders were caught breaking and entering into the Democratic National Headquarters in the Watergate Hotel in Washington, D.C. The Democratic National Headquarters were responsible for various things, but one key aspect of their job was to raise money and organize campaigns for Democratic candidates, including the presidential candidate, George McGovern. Soon, word came out that those five intruders were tied to the White House; which at the time, occupied by Richard Nixon, who was a part of the Republican Party. Not long after being caught, Investigators discovered that Nixon and the intruders were
Watergate was the name of the biggest political scandal in United States history. It included various illegal activities constructed to help President Richard Nixon win reelection in the 1972 presidential elections. Watergate included burglary, wire tapping, violations of campaign financing laws, and sabotage and attempted use of government agencies to harm political opponents. It also involved a cover-up of conduct. There were about 40 people charged with crimes in the scandal and related crimes. Most of them were convicted by juries or pleaded guilty.
RULE OF LAW: In every other state or jurisdiction, a corporation is considered a foreign
At first light of June 17, 1972, a considerable amount of burglars were aprehended inside the office of the Democratic National Committee, located in the Watergate building in Washington, D.C. This was no everyday robbery, the crooks were linked to President Richard Nixon’s reelection campaign. Upon getting caught in the Watergate building, the robbers were in there attempting to wiretap phones and abduct secret records. Nixon poorly persued to cover up any relation to his administration and to avoid indictment he relinquished himself from office on August 8, 1974. Although Nixon was never araigned for his potential role in this scandal, it forever altered American politics, driving many Americans to have inquiry about the leadership of their
The Watergate Hotel was the home of the Democratic headquarters during the election of 1972. The guard called the police, and they arrested the burglars, Bernard Barker, Virgilio Gonzalez, Eugenio Martinez, James W. McCord Jr., and Frank Sturgis, who were trying to wiretap the phones of two high-ranking officials in the building. A money trail led back to the Committee to Re-elect President Nixon, putting Nixon himself in the crosshairs of the public’s accusatory finger. President Nixon denied his involvement in the
Republican President Richard M. Nixon was up for reelection, in a time that the country was extremely divided when the United States was involved in the Vietnam War. The Watergate scandal uncovered an intricate trail of wrongdoing on June 17, 1972, when members of Nixon’s Committee to Re-Elect the President were arrested for burglary. The burglars had broken into the Democratic National Committee’s Watergate headquarters and stole copies of top-secret documents and wiretapped the telephones. The burglars at first were not clear that they were associated with the president, but it became disbelieving when detectives found copies of the reelection committee’s White House phone number in the burglars’ possessions. Richard M. Nixon later gave a
Evidence of bribery or erroneous accounting is enough proof for the government to file a case against an individual or company regardless of intent, under the FCPA laws (Clayton, 2011). There are three types of improper violations for the anti-bribery provision and they include: the issuer, domestic concern, the foreign national and businesses. The issuers are the ones that are registered in the US or are required to file Security and Exchange Commission. Domestic concern is any person or business that has their place of business in the US or is under the US law. Lastly, the foreign nationals and business in which deals with corrupt payments that are made in the United States, there are also the third parties and agents that are as well included and have the same conditions apply to them as they do to the issuer, domestic concern, and the foreign national and businesses. The second provision that is involved with the FCPA is the Accounting provision and that consist of contracts enforcing Securities and Exchange Commission. The SEC enforces the Foreign Corrupt Practices Act (FCPA) by bringing the civil actions against the issuers and their officers, directors, employees, and agents. FCPA has two accounting requirements that are recordkeeping and internal controls. The recordkeeping is there to ensure that the books, records, and accounts are held at the standards of what the company should be at. This is designed to cover business
When the “Watergate Seven” broke into the Democratic National Committee headquarters at the Watergate Office Complex, none of them could have imagined the scandal which would soon erupt. Following the initial break-in on July 17, 1972, a cover up was initiated by the Nixon administration to hide the fact that the burglary was ordered by Nixon's Committee to Re-elect the President (CREEP). After two years of investigations and trials, Nixon's cover up blew up and he was indicated for obstruction of justice. In the end, Nixon chose to resign as president instead of facing impeachment. Although the Nixon administration endeavored to cover up its involvement in the Watergate burglary, political investigators were able to uncover the White House's
In 1977, Congress passed the Foreign Corrupt Practices Act (FCPA), which makes it unlawful for U.S. businesspersons or companies to pay, with money or anything else of value, to foreign officials to secure beneficial contracts. The anti-bribery requirements of the FCPA have applied to all U.S. persons since 1977. In 1998, certain amendments were revised and the anti-bribery requirements now apply to foreign firms and persons who cause an act in continuance of bribery within the United States. The government was attempting to restricted illegal behavior, which is why they implemented the Foreign Corrupt Practices Act after the SEC discovered that over 400 companies were sending corrupt payments to foreign government officials and
There are two types of bribery provisions. The first prohibits any bribes made directly by the U.S. company. The second prohibits any organization from knowingly arranging for a bribe through an intermediary. Many thought that the FCPA would place U.S. companies at a disadvantage in the
In June 1972, Nixon campaign people broke into the Democratic National Committee’s Watergate Central Station, stole duplicates of top-mystery archives and destroyed the workplace’s telephones. But after that they were captured inside the workplace of the Democratic National Committee (DNC), situated in the Watergate working in Washington D.C. Nixon tried to cover the activities of his people before the operation was done by the Watergate secret activities. He tried to stop the Federal Bureau of Investigation(FBI) from investing the activities, vanishing the proofs and changing and terminating the staff members. This act was an abuse of presidential power which was later found, and the president had to surrender.
These provisions apply to everyone in the United States and issuers of security. More recently, they also apply to foreign firms and who want or plan to have a corrupt payment take place upon U.S. grounds.
The Watergate scandal was a major political scandal that occurred in the United States in the 1970s as a result of the June 17, 1972 break-in at the Democratic National Committee (DNC) headquarters at the Watergate office complex in Washington, D.C., and the Nixon administration's attempted cover-up of its involvement. When the conspiracy was discovered and investigated by the U.S. Congress, the Nixon administration's resistance to its probes led to a constitutional crisis. The term Watergate has come to encompass an array of clandestine and often illegal activities undertaken by members of the Nixon administration. Those activities included such "dirty tricks" as bugging the offices of political opponents and people of whom Nixon or his officials were suspicious. Nixon
In today’s ever changing and competitive modern world of business, it is critical for the companies to have activities internationally. In order to prohibit frauds and illegal activities, several acts and documents have been elaborated. One of the documents is Foreign Corrupt Practices Act that has been enacted in the 1970’s, as a result of SEC investigation of several U.S. companies that made illegal payments to foreign governmental officials, politicians, and political parties (Barnes 73). The FCPA had a critical impact on the way U.S. firms do business. Companies that did not comply with FCPA have been subject of criminal and civil enforcement actions that later resulted in huge fines and sentences for