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Secord brought important operational skills to the Iran/contra transactions supervised by North. He disclosed most of his operational exploits in testimony before Congress and to criminal investigators, but he lied when he claimed that he acted as a volunteer for the benefit of the United States and that he personally did not profit from his participation.
One of Secord's central purposes in establishing and carrying out the operations of the Enterprise was the accumulation of untaxed wealth in secret overseas accounts. Testimony and records obtained from the Enterprise's Swiss financial manager, Willard Zucker, show that Secord personally received at least $2 million from his participation in the Enterprise during 1985 and 1986, that he set up secret accounts to conceal his untaxed income, and that he later lied and encouraged others to lie to keep it concealed.
Secord was indicted in March 1988 for conspiring with North, Vice Adm. John M. Poindexter and Hakim to defraud the U.S. Government of money and services, and for theft of Government property. After the trials were severed and the main conspiracy counts dropped due to problems with classified information, the Grand Jury in April 1989 charged Secord with nine additional felonies as a result of his false testimony before Congress in 1987.
Secord pleaded guilty on November 8, 1989, to the felony charge of lying to Congress about illegal gratuities he provided to North.1 Secord entered his plea five days before he was to be tried on 12 felony charges. As part of his plea, Secord promised to cooperate in the pending trials and ongoing investigation of Independent Counsel.
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http://www.fas.org/irp/offdocs/walsh/chap_09.htm