The Franklin child prostitution ring allegations were a series of high-profile accusations and legal actions between 1988 and 1991 surrounding an alleged child sex ring

Prostitution of children

Prostitution of children or child prostitution is the commercial sexual exploitation of children in which a child performs the services of prostitution, for financial benefit. The term normally refers to prostitution by a minor, or person under the local age of majority...

 serving prominent citizens of Omaha, Nebraska

Omaha, Nebraska

Omaha is the largest city in the state of Nebraska, United States, and is the county seat of Douglas County. It is located in the Midwestern United States on the Missouri River, about 20 miles north of the mouth of the Platte River...

, as well as high-level U.S. politicians. The allegations centered around the actions of Lawrence E. King, director of the recently-collapsed Franklin Community Federal Credit Union in Omaha and a prominent local political figure. Two grand juries

Grand jury

A grand jury is a type of jury that determines whether a criminal indictment will issue. Currently, only the United States retains grand juries, although some other common law jurisdictions formerly employed them, and most other jurisdictions employ some other type of preliminary hearing...

 ruled the allegations to be false and two purported victims were indicted for perjury

Perjury

Perjury, also known as forswearing, is the willful act of swearing a false oath or affirmation to tell the truth, whether spoken or in writing, concerning matters material to a judicial proceeding. That is, the witness falsely promises to tell the truth about matters which affect the outcome of the...

(one was convicted and sentenced to 9–15 years in prison) though numerous conspiracy theories persisted afterwards.