Maurice Stans

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Maurice Stans

Maurice Stans Hubert (* 22. March 1908 in Shakopee , Minnesota ; †  14. April 1998 in Pasadena , California ) was an American politician of the Republican Party , which in the Cabinet of President Richard Nixon the post of Minister of Commerce ( Secretary of Commerce ) held. He was also one of the people involved in the Watergate affair .

Professional career and public offices

Maurice Stans attended evening classes at Northwestern University and Columbia University between 1925 and 1930 , but remained there without a degree. In 1931 he was approved as a Certified Public Accountant (CPA) for the states of New York and Ohio . From 1940 he was a member of the management of an accounting firm in Chicago .

1955 Stans took over a government office for the first time when he under President Dwight D. Eisenhower Deputy US Postmaster General ( Deputy Postmaster General ) was what he remained until 1957th He moved to the Bureau of the Budget , a sub-agency of the Treasury Department , as deputy head ; In 1958 he took over its management. After the Republicans were defeated in the 1960 presidential election , Stans left the government the following year.

A period in banking followed. Stans became president and director of Western Bank Corporation in Los Angeles , vice chairman and director of United California Bank, and eventually president of an investment bank .

Member of the Nixon Government

In the run-up to the 1968 presidential election , Richard Nixon brought him to his staff. Stans took over the chairmanship of the Nixon for President committee and after the election victory of the Republicans became trade secretary in the cabinet Nixon . In 1972 he resigned to become the financial head of the President Re-election Committee .

In connection with the Watergate affair, he was also suspected of having participated in illegal activities. Donations he raised for the election campaign were used to finance it. Stans was charged with perjury and evasion of punishment in 1973 , but was acquitted of all charges the following year. However, he pleaded guilty to violating five campaign finance laws and was fined $ 5,000. Until his death, Stans maintained that he had no knowledge of the Watergate crimes.

Stans later became a fundraiser for Richard Nixon's presidential library in Yorba Linda . He died in 1998 at the age of 90 from complications from a heart attack.

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