Sharpstown scandal
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The Sharpstown scandal was a stock fraud scandal in the state of Texas in 1971 and 1972 involving the highest levels of the state government. The name came from the involvement of the Sharpstown area
(From left to right) House Speaker Gus F. Mutscher (D), Governor Preston Smith (D), former president Lyndon B. Johnson (D), and Lieutenant Governor Ben Barnes (D), at "Gus Mutscher Day" in Brenham, Texas, August 17, 1970. Within two years, the political careers of Mutscher, Smith, Barnes, and numerous other state officials would be ended by the Sharpstown scandal. President Johnson was not involved.
Dolph Briscoe
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Dolph Briscoe Jr. was an American rancher and businessman from Uvalde, Texas, who was the 41st governor of Texas between 1973 and 1979. He was a conservative Democrat.
Sharpstown scandal
…NBL-favorable legislation and then sold his NBL stock for a $62,500 profit before vetoing the legislation, was defeated in the primaries by businessman Dolph Briscoe of Uvalde. Attorney General Crawford Martin, who in 1967 issued a legal opinion that was said to have allowed a 2,200% increase in the bank’s capitalization…
Briscoe in 1976
Briscoe at his 1973 inauguration
Governor Dolph Briscoe in 1973