1348:
399:. The trailer company became Trans Continental's chief asset. Upon reviewing the sale from Louis Wolfson to David Charnay, the Securities and Exchange Commission ordered a ten-day suspension of trading in Trans Continental stock on the American and Detroit stock exchanges, based upon a conjectured and speculative reason: "To prevent fraudulent and manipulative practices".
346:
As chairman of the
Wolfson Family Foundation for 35 years until the late 1980s, Wolfson directed much of the foundation's gifts to Jacksonville, Florida's medical, educational, research and religious charitable entities. Louis's father, Morris David Wolfson, began the philanthropy with a gift of $
414:
In 1967, Wolfson was convicted on charges stemming from stock sales. The conviction arose when
Wolfson sold unregistered shares in Continental Enterprises, Inc. to the public. Wolfson controlled Continental Enterprises, an unlisted company which was a Florida-based real-estate and movie theater
410:
a $ 20,000 lifetime annual retainer for unspecified consultation. Researchers suspect this sum may have represented an attempted bribery to secure Fortas's assistance with the
Securities and Exchange Commission. Wolfson had appealed his conviction all the way to the Supreme Court. Although the
162:
Wolfson was frequently in trouble with the law. In 1957, the United States
Securities and Exchange Commission ordered a ten-day suspension of trading in stock in a company Wolfson held "to prevent fraudulent and manipulative practices". In 1967, he was convicted of selling unregistered shares and
411:
Supreme Court had refused to review his conviction and Fortas did not participate in that decision, it was viewed as an attempt to buy his way out of a conviction. Controversy surrounded Fortas and he returned the $ 20,000 retainer and ultimately resigned from the
Supreme Court in 1969.
268:; it had been managed conservatively and beyond its physical assets had a $ 7 million cash reserve. When the company disbursed $ 3 million in dividends to shareholders, the government revoked Capital Transit's right to operate, and Wolfson sold his shares for $ 13.5 million.
465:
after
Wolfson wrote to TV and radio executives at WTVJ and WIOD claiming that King was "a menace to the public" and that his employers should pay for King's "treatment in a mental institution for six months so he can do no further harm in this community or any other."
485:
in 1971 that he had watched sadistic wardens and guards "contribute to the increase of crime. ...The medical attention was unbelievably bad. There was absolutely no uniform sentencing. ...Officials may say rehabilitation exists, but I assure you it doesn't."
337:
play. The building now known as the JEA Tower in
Jacksonville was called the Universal-Marion Building when the firm was the largest tenant. At its peak, his industrial and commercial empire had total assets estimated at a quarter of a billion dollars.
394:
In
November 1957, Louis Wolfson sold a trailer company controlled by one of his interests to Detroit's Trans Continental Industries. His longtime friend, David Charnay, was chairman prior to Charnay's purchase and global modernization of
970:
489:
As a result of his efforts, the SEC began making hearing transcripts and testimony more available, and the U.S. Senate considered changing federal penal code to eliminate harsh sentences for first-time offenders.
605:
Wolfson married twice. His first wife, Florence Monsky, died in 1968 from cancer. His second wife was
Patrice Jacobs, to whom he remained married until his death. At the age of 95, Wolfson succumbed to
1229:
W vs. W; The
Wolfson Story Begins a New Chapter; Climax or Anticlimax? The Floridian's Adversary Is The SEC's Youthful and Ambitious Mr. Windels Settlement Before Tuesday? August 1, 1958. p. 1
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He started the Florida Pipe and Supply Company to trade in building materials. Within a few years, he built this into a successful large business and was a millionaire at age 28.
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business with numerous other holdings. He never denied the charges but argued that the law was misapplied in his case. The second conviction was for charges of
171:, who resigned in 1969 after returning a $ 20,000 retainer to a Wolfson foundation. In 1971, Wolfson was involved in a contentious legal battle with radio host
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536:, bred by Bieber-Jacobs Stable had raced in the name of Patrice Jacobs, his second wife. Together, in the name of Harbor View, they bred and raced the 1978
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had elapsed. While a judge subsequently threw out the charge, King pled no contest to one count of passing bad checks. King was fired from
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1223:, Wolfson's World; Industrialist, Facing a Year in Jail Friday, Turns Cold Shoulder Toward Wall Street, April 22, 1969. p. 40
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obstruction of justice, for which he served nine months in a federal prison. The conviction eventually led to a scandal involving
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that linked Michigan's lower and upper peninsulas. Wolfson became nationally known in 1955, when he unsuccessfully attempted a
218:, Wolfson and his seven siblings grew up in Jacksonville, where his father was a junk man/scrap metal dealer. In his teens, he
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twice, in 1978 and 1979, and also was champion at 2 in 1977, at 3 in 1978, and at 4 in 1979. The Wolfsons' stable led all
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493:"It was a horrible 10 months and it ruined his life and changed him forever", his son said. "If you ever said the word
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personality—for allegedly pocketing $ 5,000, part of a $ 25,000 payment destined for New Orleans District Attorney
383:
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After dropping out of college, he raised $ 10,000 to start in business: half from a wealthy Georgia football fan,
179:
Wolfson supplied and King allegedly pocketed. Later King claimed Wolfson paid him $ 48,500 to influence President
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made Wolfson Chairman and CEO of the marine construction and salvage firm, but Wolfson expanded the company into
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457:'s assassination. King was arrested for grand larceny, but the original criminal charges were dismissed as the
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professionally under the name "Kid Wolf", earning from $ 25 to $ 100 per fight. Wolfson was an outstanding
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497:, he'd bring out a stack of papers to prove how he was falsely charged for ulterior political motives."
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Louis Wolfson worked to honor the memory of his older brother, Sam. The Duval County School Board named
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560:
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as such in a 1956 article. A self-made millionaire by 28, Wolfson is credited with creating the modern
945:"When Aaron Spelling Ruled Television: An Oral History of Entertainment's Prolific, Populist Producer"
283:. The corporation won numerous multimillion-dollar contracts for high-profile projects, including the
428:
325:
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Hall of Fame. His second and final marriage was to Patrice Jacobs, daughter of Hall of Fame trainer
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517:. He raced a number of successful thoroughbred horses including 1963 co-champion 2-year-old male
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newspapers and made movies through a subsidiary. The firm co-financed the production of
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1080:
827:
Philanthropist Louis Wolfson Dies At 95 – Jacksonville News Story – WJXT Jacksonville
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Dangerous Dreamers: The Financial Innovators from Charles Merrill to Michael Milken
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for $ 2 million. Capital Transit held the streetcar and bus service franchise for
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Daily Racing Form December 31, 2007 "Affirmed owner Louis Wolfson dead at 95"
1129:"Larry King has a special place in his heart for Miami 'where anything goes'"
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to play football. He left the university after two years, never graduating.
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Alan Weinberger, "What's in a Name? - The Tale of Louis Wolfson's Affirmed"
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1057:. Monday January 26, 1970. 45th year, No. 115. 1A. Retrieved from
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Louis Wolfson -- millionaire, acclaimed horse owner -- dies at 95
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investigation into Merritt-Chapman. He served nine months at the
416:
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1174:"Jews in the News: Ahmed Zayat, Eric Balfour and Ashley Tisdale"
755:
655:"Abe Fortas Biography Supreme Court Justice, Lawyer (1910–1982)"
378:
after his brother and the Wolfson family funded construction of
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Prisoners and detainees of the United States federal government
614:, dying on December 30, 2007, his 35th wedding anniversary, in
219:
176:
123:
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Legacies of the Turf: A Century of Great Thoroughbred Breeders
402:
Wolfson started a charitable foundation, which in 1966 paid
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owners in money earned in 1978, 1979, and 1980 and was the
500:
462:
279:, chemicals, and money lending, becoming one of the first
971:"Louis E. Wolfson during Chicago's stockholder's meeting"
889:
446:
795:"Louis Wolfson Dies at 95; Central to Fall of a Justice"
751:
http://www.miamiherald.com/top_stories/story/363101.html
559:
Additionally, two of Wolfson sons, Steve and Gary, bred
151:
participant best known as the owner and breeder of 1978
1045:
Financier Wolfson Scheduled To Leave Eglin Prison Today
118:(January 28, 1912 – December 30, 2007) was an American
687:"Abe Fortas resigns from Supreme Court May 15, 2008"
389:
1467:
American people convicted of obstruction of justice
582:—for $ 46.1 million in 1985, but was unsuccessful.
1507:Breeders of U.S. Thoroughbred Triple Crown winners
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999:"Louis E. Wolfson, 95; Figured in Fortas Scandal"
1502:Owners of U.S. Thoroughbred Triple Crown winners
1423:
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587:Horsemen's Benevolent and Protective Association
1365:History of private equity and venture capital
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838:
739:
585:In 1992, Louis Wolfson was inducted into the
1452:American people of Lithuanian-Jewish descent
868:"From millions to jail, then crowning glory"
505:In 1960, he established Harbor View Farm in
469:
361:River Garden/Wolfson Health and Aging Center
187:, into reviewing Wolfson's past conviction.
143:, which laid the technical framework to the
1442:American businesspeople convicted of crimes
913:"Millionaire excelled in various endeavors"
567:in 1978, in the name of Happy Valley Farm.
441:In 1971, Wolfson filed a complaint against
1290:
1276:
474:After his incarceration, Wolfson became a
1512:Businesspeople from Jacksonville, Florida
1487:Deaths from colorectal cancer in Florida
1076:The New Encyclopedia of American Scandal
501:Harbor View Farm and thoroughbred racing
856:Affirmed owner Louis Wolfson dead at 95
565:American Co-Champion Two-Year-Old Filly
425:U.S. Securities and Exchange Commission
1457:American racehorse owners and breeders
1424:
911:Kerr, Jessie-Lynne (January 2, 2008).
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618:. He had four children, including son
1522:20th-century American philanthropists
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792:
788:
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1527:20th-century American businesspeople
1472:American people convicted of perjury
1447:American construction businesspeople
1072:
910:
866:Saxon, Wolfgang (January 21, 2008).
904:
815:
793:Saxon, Wolfgang (January 2, 2008).
763:"Fortas Tie To Wolfson Is Detailed"
632:
438:. He also paid a substantial fine.
311:His Universal Marion Co. owned the
183:'s incoming U.S. Attorney General,
13:
1184:
783:
715:"The US Supreme Court: Abe Fortas"
453:, who was investigating President
445:—then a Miami radio host, later a
14:
1543:
1497:Georgia Bulldogs football players
390:Legal and political controversies
147:. In later years, he was a major
96:Florence Monsky (until her death)
1477:American prisoners and detainees
1346:
600:
556:winners as top breeder in 1978.
384:Baseball Grounds of Jacksonville
365:Louis E. Wolfson Wellness Center
98:Patrice Jacobs (until his death)
1462:American white-collar criminals
1370:Early history of private equity
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663:. April 2, 2014. Archived from
369:Baptist Medical Center Downtown
341:
256:In 1949, Wolfson purchased the
707:
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126:, and one of the first modern
16:American financier (1912–2007)
1:
1517:Businesspeople from St. Louis
1176:. Jewish Federation of Tampa.
1172:Bloom, Nate (June 10, 2015).
886:"Wolfson Children's Hospital"
625:
376:Samuel W. Wolfson High School
190:
19:For the American author, see
1201:. New York: Wiley. pp.
380:Sam W. Wolfson Baseball Park
248:
245:, and half from his family.
207:, when he was one year old.
7:
1385:Private equity in the 2000s
1380:Private equity in the 1990s
1375:Private equity in the 1980s
1194:"Louis Wolfson—The Junkman"
406:Justice and Wolfson friend
351:. Other gifts included the
349:Wolfson Children's Hospital
273:Merritt-Chapman & Scott
10:
1548:
1063:(1/38) on August 23, 2010.
432:Federal Prison Camp, Eglin
347:500,000 in 1946 to create
232:Andrew Jackson High School
203:, but his family moved to
18:
1393:
1355:
1344:
1310:
1031:November 5, 2013, at the
470:Criminal justice activism
429:Federal Bureau of Prisons
333:and later became a major
149:thoroughbred horse racing
102:
92:
82:
63:
37:
30:
1401:Private equity investors
1073:Kohn, George C. (2001).
1227:The Wall Street Journal
1221:The Wall Street Journal
639:"CORPORATIONS: Retreat"
397:Four Star International
357:Jacksonville University
307:Montgomery Ward and Co.
258:Capital Transit Company
1191:Sobel, Robert (1993).
1101:"Larry King's mugshot"
949:The Hollywood Reporter
544:. Affirmed was voted
459:statute of limitations
421:obstruction of justice
353:Wolfson Student Center
317:Jacksonville Chronicle
262:North American Company
21:Louis Wolfson (writer)
1492:Eclipse Award winners
832:May 24, 2011, at the
570:Wolfson tried to buy
538:American Triple Crown
386:was built in 2002-3.
236:University of Georgia
205:Jacksonville, Florida
153:American Triple Crown
87:University of Georgia
1162:, December 31, 2007.
951:. September 18, 2015
727:. September 10, 2002
695:. September 10, 2002
616:Bal Harbour, Florida
436:Eglin Air Force Base
226:and an All-Southern
195:Wolfson was born in
116:Louis Elwood Wolfson
75:Bal Harbour, Florida
1406:Venture capitalists
1311:Investment strategy
1004:The Washington Post
918:Florida Times-Union
768:The Washington Post
720:Stanford University
608:Alzheimer's disease
271:A 1951 takeover of
230:for Jacksonville's
1054:The Herald-Tribune
925:on January 3, 2008
771:. January 23, 1977
667:on August 28, 2018
478:advocate. He told
289:United States Navy
234:, who went to the
1482:Corporate raiders
1419:
1418:
1411:Corporate raiders
1263:978-1-58150-102-5
1109:. January 9, 2014
1007:. January 3, 2008
644:, October 8, 1956
546:Horse of the Year
523:Horse of the Year
212:Jewish immigrants
128:corporate raiders
113:
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67:December 30, 2007
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1247:Bowen, Edward L.
1233:Harbor View Farm
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1160:The Miami Herald
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1137:. April 14, 2017
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1049:Associated Press
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303:hostile takeover
287:in Arizona, the
266:Washington, D.C.
185:John N. Mitchell
145:leveraged buyout
70:
48:January 28, 1912
47:
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28:
27:
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1185:Further reading
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1106:The Smoking Gun
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1033:Wayback Machine
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979:. March 1, 1955
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892:on May 31, 2008
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595:Ethel D. Jacobs
576:Churchill Downs
561:It's In The Air
503:
472:
455:John F. Kennedy
392:
344:
329:, which won an
323:' first movie,
313:Miami Beach Sun
299:Mackinac Bridge
285:Glen Canyon Dam
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580:Kentucky Derby
550:North American
534:Hail to Reason
519:Raise a Native
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601:Personal life
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591:Hirsch Jacobs
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554:Eclipse Award
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807:January 15,
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731:January 30,
699:January 30,
671:January 30,
521:, and 1965
1426:Categories
1212:0471577340
929:January 3,
896:January 5,
626:References
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507:Fellowship
443:Larry King
408:Abe Fortas
321:Mel Brooks
295:Kitty Hawk
191:Early life
173:Larry King
169:Abe Fortas
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1333:Mezzanine
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423:during a
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197:St. Louis
120:financier
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167:Justice
157:Affirmed
155:winner,
103:Children
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1357:History
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1254:(2003)
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224:athlete
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1328:Growth
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220:boxed
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931:2008
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854:ESPN
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