March 16, 1988: Oliver North, John Poindexter Indicted in Iran-Contra Scandal

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March 16, 1988: In the Iran-Contra Affair involving the illegal sale of U.S. missiles to Iran in exchange for the release of hostages held in Lebanon, the Reagan administration’s Lieutenant Colonel Oliver North and Vice Admiral John Poindexter are indicted on charges of conspiracy to defraud the United States.
The Iran-Contra affair was a constitutional crisis that embroiled the Reagan administration in its last two years (1986-88), raised the prospect of Ronald Reagan’s impeachment, clouded the presidency or George H.W.

Bush and contributed to keeping it from extending to a second term.

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