Fernandez stated that he was never promised any favors for a $25,000 contribution he had made. Fernandez also denied that he had attempted to help the Nixon administration's political backers by speeding up the approval of contracts by the Office of Minority Business. Fernandez was exonerated by the Senate Watergate committee of any wrongdoing.
Fernandez asserted that no favors were promised in exchange for his $25,000 contribution. He denied helping Nixon's political allies by accelerating contract approvals at the Office of Minority Business. The Senate Watergate committee found Fernandez not guilty of wrongdoing.