Louis Elwood Wolfson was an American financier, a convicted felon, and one of the first modern corporate raiders, labeled by Time as such in a 1956 article.
21 Facts About Louis Wolfson
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In 1957, the United States Securities and Exchange Commission ordered a ten-day suspension of trading in stock in a company Louis Wolfson held "to prevent fraudulent and manipulative practices".
3.
In 1971, Louis Wolfson was involved in a contentious legal battle with radio host Larry King over monies Louis Wolfson supplied and King allegedly pocketed.
4.
Later King claimed Wolfson paid him $48,500 to influence President Richard Nixon's incoming US Attorney General, John N Mitchell, into reviewing Wolfson's past conviction.
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Louis Wolfson was an outstanding athlete and an All-Southern end for Jacksonville's Andrew Jackson High School, who went to the University of Georgia to play football.
6.
Louis Wolfson left the university after two years, never graduating.
7.
Louis Wolfson started the Florida Pipe and Supply Company to trade in building materials.
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In 1949, Louis Wolfson purchased the Capital Transit Company from the North American Company for $2 million.
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Louis Wolfson became nationally known in 1955, when he unsuccessfully attempted a hostile takeover of Montgomery Ward and Co.
10.
Louis Wolfson worked to honor the memory of his older brother, Sam.
11.
In November 1957, Louis Wolfson sold a trailer company controlled by one of his interests to Detroit's Trans Continental Industries.
12.
Louis Wolfson started a charitable foundation, which in 1966 paid Supreme Court Justice and Louis Wolfson friend Abe Fortas a $20,000 lifetime annual retainer for unspecified consultation.
13.
Louis Wolfson had appealed his conviction all the way to the Supreme Court.
14.
In 1967, Louis Wolfson was convicted on charges stemming from stock sales.
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The conviction arose when Louis Wolfson sold unregistered shares in Continental Enterprises, Inc to the public.
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Louis Wolfson controlled Continental Enterprises, an unlisted company which was a Florida-based real-estate and movie theater business with numerous other holdings.
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Louis Wolfson never denied the charges but argued that the law was misapplied in his case.
18.
Louis Wolfson served nine months at the Federal Bureau of Prisons Federal Prison Camp, Eglin, Eglin Air Force Base.
19.
Louis Wolfson raced a number of successful thoroughbred horses including 1963 co-champion 2-year-old male Raise a Native, and 1965 Horse of the Year, Roman Brother.
20.
In 1992, Louis Wolfson was inducted into the Horsemen's Benevolent and Protective Association Hall of Fame.
21.
At the age of 95, Louis Wolfson succumbed to Alzheimer's disease and colon cancer, dying on December 30,2007, his 35th wedding anniversary, in Bal Harbour, Florida.