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 maintained he was not offered any perks for a $25,000 donation. He disputed his involvement in speeding up contracts for Nixon administration supporters through the Office of Minority Business. The Senate Watergate committee cleared Fernandez of any wrongdoings.