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Slush fund
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== Examples == [[Richard Nixon]]'s "[[Checkers speech]]" of 1952 was a somewhat successful effort to dispel a scandal concerning a slush fund of [[Campaign finance|campaign contributions]].<ref>{{cite web|url=https://www.usnews.com/news/articles/2008/01/17/the-dog-carries-the-day-for-nixon |title=The 1952 Checkers Speech: The Dog Carries the Day for Richard Nixon |first=David |last=LaGesse |date=January 17, 2008 |work=[[U.S. News & World Report]]}}</ref> Years later, Nixon's presidential re-election campaign used slush funds to buy the silence of the "[[White House Plumbers]]".<ref>{{cite news|url=https://www.nytimes.com/1997/10/31/us/transcripts-of-nixon-tapes-show-the-path-to-watergate.html |title=Transcripts of Nixon Tapes Show the Path to Watergate |first=Tim |last=Weiner |date=October 31, 1997 |work=[[The New York Times]]}}</ref> Financial derivative traders for [[Enron]] employed a slush fund system called "prudency reserves," in which the department reported part of each trade's profit or loss to the company and withheld the remainder. This system was originally used to regulate the trading department's profits, but also enabled the company to conceal large profits during the [[2000β01 California electricity crisis]].<ref>{{cite book|last=Fox|first=Lauren|year=2004|title=Enron: The Rise and Fall}}</ref> [[Hockey Canada]] maintained three slush funds to pay for sexual assault settlements perpetrated by ice hockey players and other uninsured claims. Membership fees from across Canada were used to fund at least one of these slush funds.<ref>{{Cite news |last=Robertson |first=Grant |date=2022-07-19 |title=How Hockey Canada used registration fees to build a fund to cover sexual-assault claims |url=https://www.theglobeandmail.com/canada/article-hockey-canada-fund-sexual-assault-allegations/ |access-date=2024-07-11 |work=The Globe and Mail |language=en-CA}}</ref> The existence and purpose of these slush funds were discovered during the [[Hockey Canada sexual assault scandal]] in 2022.<ref>{{Cite web |date=2022-10-19 |title=Hockey Canada maintained a third secret slush fund for sexual assault claims |url=https://ca.thegistsports.com/article/b56f0921-0504-40dc-b61e-e4bf58cc7d0b/ |access-date=2024-07-11 |website=The Gist |language=en}}</ref> $7.6 million in 11 sexual assault settlements were paid out by these funds between 1989 and 2022.<ref>{{Cite news |last=Burke |first=Ashley |date=2022-10-21 |title=Hockey Canada moved cash from fund used for sexual assault claims to avoid encouraging more claims: report |url=https://www.cbc.ca/news/politics/hockey-canada-transfered-millions-out-of-controversial-fund-1.6624089 |work=CBC News}}</ref>
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