Marketplace®

Daily business news and economic stories

Cold, hard cash tied to congressman

FBI officials say they've caught Louisiana Rep. William Jefferson on tape accepting a $100,000 bribe. Agents later found the cash hidden in his freezer. Scott Tong reports.

TEXT OF STORY

KAI RYSSDAL: Family secret time. When I was a kid my mom used to keep the household petty cash in a Tupperware container in the freezer. Turns out she had something in common with Congressman William Jefferson. Jefferson had a lot more cash, though. Over the weekend the FBI raided Jefferson’s offices on Capitol Hill. They also unsealed court documents suggesting they have him doing bad things on tape. And putting the cash in cold storage. Marketplace’s Scott Tong has more.


SCOTT TONG: The FBI says it has video of Congressman Jefferson taking $100,000 in cash. He’s alleged to have taken money to help telecom firms win contracts with African governments. Investigators also say they have audio tape of Jefferson negotiating his cut for these favors.

Susan Tolchin of George Mason University says cases of outright bribery in Congress are rare:

SUSAN TOLCHIN: Any poltican who has to take a bribe betrays a poverty of imagination. Because there’s so much that members of Congress can do legitimately for friends and constituents.

In other words, this rises above cozy relationships and golf trips in exchange for legislative favors. Massie Ritsch of the Center for Responsive Politics says, in the end, this undercuts Democrats’ argument that they’re clean.

MASSIE RITSCH: They can no longer mount this argument against Republicans that they’re the party of corruption.

He says this also helps congressional challengers in general. It makes it easier for them to paint all incumbents as rotten.

In Washington I’m Scott Tong for Marketplace.

Related Topics

Tagged as:

Latest Episodes

View All Shows
  • Marketplace Morning Report
    an hour ago
    6:57
  • Marketplace Tech
    3 hours ago
    10:55
  • Marketplace
    15 hours ago
    26:18
  • Make Me Smart
    18 hours ago
    15:06
  • Million Bazillion
    a day ago
    7:35
  • How We Survive
    3 days ago
    14:10
  • This Is Uncomfortable
    2 months ago
    37:19
  • Financially Inclined
    3 months ago
    12:30
  • The Uncertain Hour
    4 months ago
    22:50
  • Corner Office from Marketplace
    5 years ago
    20:58