How to Pronounce Samuel Pandolfo
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Nov 22, 1874 Macon, Mississippi, United States Died on 27 Jan 1960 (aged 85)
American businessman
SagittariusSamuel Pandolfo - Place of Birth, Date of Birth, Age, Wiki, Facts, Net Worth, Birthday, Biography and Family
Samuel Pandolfo, Date of Birth, Place of Birth, Family, Facts, Age, Net Worth, Biography and More in FamedBorn.com
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.
