The Marconi scandal was a British political scandal that broke in the summer of 1912. It centred on allegations that highly-placed members of the Liberal government, under H. H. Asquith as Prime Minister, had profited by improper use of information about the Government's intentions with respect to the Marconi Company: knowing that the government was about to issue a lucrative contract to the British Marconi company for the Imperial Wireless Chain, they had bought shares in an American subsidiary.
The political consequences were in fact slight, but the group around the New Witness drew conclusions about corruption in British politics, which were to resonate for 25 years.
Read more about Marconi Scandal: Insider Trading Allegations, Court Case, Aftermath, Views, In Popular Culture
Famous quotes containing the word scandal:
“The day the world ends, no one will be there, just as no one was there when it began. This is a scandal. Such a scandal for the human race that it is indeed capable collectively, out of spite, of hastening the end of the world by all means just so it can enjoy the show.”
—Jean Baudrillard (b. 1929)