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When the story was blown open by media outlets in the wake of midterm congressional elections after Democrats retook the Senate in November 1986, President Ronald Reagan answered questions on national television and denied Administration involvement in an Arms-for-hostages deal. The following week he returned to the airwaves to affirm that weapons were transferred to Iran but he claimed they were not part of an exchange for hostages. The Reagan administration cooperated with the investigation, and no wrongdoing was ever proved.  

When the story was blown open by media outlets in the wake of midterm congressional elections after Democrats retook the Senate in November 1986, President Ronald Reagan answered questions on national television and denied Administration involvement in an Arms-for-hostages deal. The following week he returned to the airwaves to affirm that weapons were transferred to Iran but he claimed they were not part of an exchange for hostages. The Reagan administration cooperated with the investigation, and no wrongdoing was ever proved.  

[[Michael Ledeen]] was an early player in the affair, and eventually arranged for arms sales to Iran though the Iranian arms dealer [[Manucher Ghorbanifar]].  John Poindexter resigned in the midst of the scandal, but later worked in [[George W. Bush]]'s administration.  Oliver North was also a major player in the affair.  Poindexter and North were both convicted of crimes in the affair, but these convictions were later overturned on technical grounds.  [[Caspar Weinberger]] was also convicted but was pardoned by [[George H.W. Bush]].   

[[Michael Ledeen]] was an early player in the affair, and eventually arranged for arms sales to Iran though the Iranian arms dealer [[Manucher Ghorbanifar]].  John Poindexter later resigned and later worked in [[George W. Bush]]'s administration.  Oliver North was also a major player in the affair.  [[Caspar Weinberger]] was also convicted but was pardoned by [[George H.W. Bush]].   

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