February 2, 1980, the FBI revealed the results of an investigation that started in July 1978. Known as ABSCAM. It started with underworld figures who delt in stolen art. The undercover operation also involved connections with criminals dealing in fake stocks and bonds.
Later, the investigation led to criminal contacts in Camden, New Jersey, politicians who were willing to offer bribes, including some U.S. Congressmen. For a price, they would create private legislation that would offer asylum to certain people involved in stolen art. According to the FBI, the case reaffirmed the importance of undercover operations and led to stronger rules and safeguards in these kinds of investigations within the FBI.
Source(s): FBI History Website
Compiled by Bob Valen
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