Samuel Pandolfo, Date of Birth, Place of Birth, Date of Death

    

Samuel Pandolfo

American businessman

Date of Birth: 22-Nov-1874

Place of Birth: Macon, Mississippi, United States

Date of Death: 27-Jan-1960

Profession: businessperson

Nationality: United States

Zodiac Sign: Sagittarius


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About Samuel Pandolfo

  • Samuel Conner Pandolfo (November 22, 1874 – January 27, 1960) was an American businessman most noted for founding the Pan Motor Car Company (1917–1919), and being convicted of fraud in its promotion.
  • Pandolfo raised $9.5 million through stock sales and built an automobile plant in St.
  • Cloud, Minnesota.
  • During the next two years, the plant turned out 737 automobiles and fulfilled numerous U.S.
  • government war contracts.
  • However, he was found guilty of mail fraud and received a three-year prison sentence in the United States Penitentiary, Leavenworth.The government claimed that Pandolfo defrauded the 70,000 stockholders in his company by sending them misleading information.
  • Others have countered that Pandolfo was done-in not because of his business practices, but because of his beliefs.
  • Pandolfo had the vision to believe that the average person could own shares of stock, and he eagerly sold it to them.

Read more at Wikipedia