The IRAN-Contra Affair was a political scandal that occurred during the Reagan administration in the 1980s. It involved the illegal sale of arms to IRAN, with the proceeds being used to fund the Contra rebels in Nicaragua. The scandal was exposed when it was revealed that the Reagan administration had violated the Boland Amendment, which prohibited the US government from providing military aid to the Contras. The affair resulted in several high-ranking officials being indicted and convicted of various crimes. The term 'IRAN-Contra' is derived from the two countries involved in the scandal.