Ep 8. The 'Con' In Congress

In the 14th season of the popular CNBC show 'American Greed', the eighth episode delves into the realm of political corruption and fraud. Titled 'The 'Con' in Congress', this episode highlights the story of one of the most influential politicians in Washington DC, William Jefferson.

William Jefferson was a member of the United States House of Representatives from Louisiana's 2nd congressional district. He served for almost nine terms, from 1991 to 2009. However, his political career was cut short when he was caught red-handed in one of the most shocking corruption scandals in the history of the United States Congress.

In 2005, William Jefferson became involved in a corrupt scheme with a Kentucky businessman, Vernon Jackson. Jackson's company, iGate, was awarded a multi-million dollar contract to provide internet and cable services in Nigeria. However, as part of the agreement, Jefferson demanded a commission of $500,000 in exchange for using his political influence to sway Nigerian officials in favor of iGate's contract.

As the investigation began to unfold, FBI agents found a staggering $90,000 in cash hidden in William Jefferson's freezer, which he had received from Jackson. The FBI also uncovered an additional $10,000 in cash in Jefferson's Washington D.C. home.

William Jefferson was charged with bribery, wire fraud, money laundering, and racketeering. In 2009, he was convicted on 11 of the 16 counts against him and sentenced to 13 years in prison. The case is still considered to be one of the most flagrant examples of political corruption in the history of the United States.

'The 'Con' in Congress' episode of 'American Greed' explores the full scope of this corruption scandal, highlighting how the once-promising politician succumbed to the greed and avarice that led to his downfall. From the initial dealings with Jackson to the subsequent FBI investigation and conviction, the episode provides a detailed look at how political power can easily be corrupted by the lure of financial gain.

Through interviews with key players in the case, including FBI agents and members of Jefferson's legal team, the episode delves deep into the character of a man who, for many years, was considered a rising star in the United States Congress. It examines the complex web of lies and deceit that allowed Jefferson to conceal his illegal activities for so long and exposes the devastating impact that corruption has on the country's political institutions.

Overall, 'The 'Con' in Congress' episode of 'American Greed' is a timely reminder of the dangers of political corruption and the importance of maintaining ethical and transparent government practices. It serves as a warning against the temptations of greed, and highlights the timeless maxim that absolute power often corrupts absolutely.