Question
Here is the question : VICE PRESIDENT SPIRO AGNEW ADMITTED TO WHAT CRIME IN 1969?
Option
Here is the option for the question :
- Insider trading
- Tax evasion
- Racketeering
- Money laundering
The Answer:
And, the answer for the the question is :
Explanation:
Spiro Agnew resigned as vice president on October 10, 1973, after confessing to tax cheating. Agnew entered a plea of no guilty to charges that he had concealed $29,500 in earnings from his time as governor of Maryland in the late 1960s. He was given a $10,000 fine and three years of probation.
Spiro Agnew, who served as Vice President of the United States from 1969 to 1973, admitted to the crime of tax evasion in 1973. Agnew’s admission came as part of a plea agreement with federal prosecutors, who had been investigating allegations of corruption and bribery during Agnew’s time as Governor of Maryland.
The investigation into Agnew began in 1971, when the U.S. Attorney’s Office in Baltimore received a tip that Agnew had accepted bribes from contractors doing business with the State of Maryland. As the investigation continued, prosecutors uncovered evidence that Agnew had also failed to report income on his tax returns and had underpaid his taxes.
In 1973, Agnew was indicted on charges of bribery, extortion, and tax evasion. Facing mounting pressure from prosecutors and the media, Agnew agreed to a plea bargain in which he admitted to a single count of tax evasion and resigned from the Vice Presidency. As part of the plea agreement, Agnew was sentenced to three years of probation and ordered to pay back taxes and fines.
Agnew’s admission of tax evasion was a significant moment in American political history. It marked the first time that a Vice President had been forced to resign from office due to criminal charges. Agnew’s resignation also led to the appointment of Gerald Ford as Vice President, who would later become President after the resignation of Richard Nixon in 1974.
The scandal surrounding Agnew’s resignation also had broader implications for American politics. It contributed to a growing public distrust of government and politicians, and fueled calls for greater transparency and accountability in government. The Watergate scandal, which would ultimately lead to Nixon’s resignation, was also in part a result of the investigations into Agnew’s corruption.
Spiro Agnew, the Vice President of the United States from 1969 to 1973, admitted to the crime of tax evasion in 1973. His admission came as part of a plea agreement with federal prosecutors, who had been investigating allegations of corruption and bribery during Agnew’s time as Governor of Maryland. Agnew’s resignation marked a significant moment in American political history, and had broader implications for the public’s trust in government and politicians.