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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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112089
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11208900.039
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1990-09-19
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NATION, Page 69American NotesIRAN-CONTRASecord Makes A Deal
Less than a week before he was scheduled to face trial on
felony charges relating to his activities in the Iran-contra
scandal, Richard Secord copped a plea. The retired Air Force Major
General admitted that he had lied to congressional investigators
when he denied knowing that $13,800 from the Iran arms-sales deal
went to pay for a security system at Oliver North's home.
"I wanted to prevent further criticism of Colonel North and
myself," he explained to a judge. "There had already been a fire
storm in the press. I was trying to shield both of us." Though
Secord won dismissal of eleven other counts lodged by independent
counsel Lawrence Walsh in exchange for the plea bargain, he could
be sentenced to a $250,000 fine and five years in prison.