Scandal 30: Crédit Mobilier

In the 1860s, the Union Pacific Railroad Company was commissioned to build the first transcontinental railroad. Looking to cash in, their directors contracted the work out to Crédit Mobilier, their shell corporation. After massively overcharging the federal government, they then sold their shares back to Congressmen as bribes. Learn more about your ad choices. Visit podcastchoices.com/adchoices