Reason: “At its heart, the otherwise complicated and multi-stage Teapot Dome affair of the 1920s, which until Watergate was considered the greatest federal government scandal of all time, was about secret bribes to an administration official that lubricated lucrative regulatory outcomes.”
“In 1921, Interior Secretary Albert Fall clandestinely accepted $404,000 ($7.6 million in today’s money) in cash and no-interest loans from two oil executives, who then became recipients of no-bid leases to exploit oil fields in California’s Elk Hills and Wyoming’s Teapot Dome. As part of the scheme, Fall had previously convinced the secretary of the Navy to transfer authority over those lands to the Department of the Interior. The no-bid contracts were legal (at the time, anyway); the bribes were not, and the secrecy exploded upon revelation.”
“Fast forward a century. Four days before Trump’s second inauguration, a company called Aryam Investments 1 signed a deal with the president-elect’s son Eric to buy a 49 percent stake in World Liberty Financial for a reported $500 million, half of it in cash up front. The Trump family received $187 million overnight, and the family of World Liberty Financial co-founder Steve Witkoff, who by then was already conducting sensitive Middle East diplomacy on behalf of the incoming president, received an additional $31 million, according to The Wall Street Journal. Amazingly, the transaction was made in secret, revealed only one year later.”
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