glenn turner pyramid scheme
It's easy and secure. Turner had a talent for making people believe in him. torture involving a mouse that was supposed to eat a recalcitrant witness's heart (Good Lord! 271 0 obj Turner and his best friend, Edward G. Rector, were each sentenced to seven years in state prison. 0000007782 00000 n Two years later he founded Dare to be Great, a motivational program similar to the later Challenge. [5] 0000005760 00000 n [5][29], William Penn Patrick bought Mind Dynamics in 1970. Select the best result to find their address, phone number, relatives, and public records. Holiday Magic Inc. et al. 748 - IN THE MATTER OF HOLIDAY MAGIC, INC., ET AL. 0000003018 00000 n 0000023584 00000 n 0000006933 00000 n Turner's fame and wealth was to be an inspiration for others to buy franchises so that "they could all be rich and successful like him". . deal). "[1], Sales Dynamics was another program of instruction for pay available to Holiday Magic Distributors to help them in their business activities. TimesMachine is an exclusive benefit for home delivery and digital subscribers. 0000002742 00000 n But perhaps the most accurate description of Turner's victims was that of some cynical lawyers at the Securities and Exchange Commission who referred to them as Thalidomides.. 235 37 58.95. A technicality of the law is what got me. By the time he died in 2020, it took more than a year for a newspaper reporter to stumble across his Legacy.com obituary and make note of his death. [25] The Office of the State Attorney General in Maine, United States cites In re Holiday Magic, Inc., 84 F.T.C. But what made him "really rich" was reportedly Koscot Interplanetary[6] (Koscot stood for "Kosmetics for the Communities of Tomorrow"). 0000006496 00000 n 11106 (1975). endobj [28] The Mind Dynamics course was described as providing "a means of achieving personal success through the conscious use of the subconscious mind". <<7C981AD2C2A8B2110A00B0784D58FC7F>]/Prev 803466>> Turner packaged this dubious enterprise with a religious fervor that would make Billy Sunday look like the Archbishop of Canterbury. Koscot Interplanetary. Its not clear who originated the exact wording of fake it till you make it, or how Turner and his followers adopted it. The history of fake it till you make it offers a lesson here, if we want to heed it. Assistant U. S. Attorneys Daniel C. Silva, Mark W. Pletcher, Lisa Sanniti and Carl Brooker. But this salesman extraordinaire in flashy suits was once all but omnipresent in American life. The companies collapsed in 1973 under lawsuits filed by investors and investigations by state and federal agencies. Bids on the Castle property will be advertised over the next few weeks to notify any other bidders of the pending sale. Mr. Turner's business, osten sibly, is cosmetics, the keystone product in a bizarre conglom erate called Glenn W. Turner Enterprises, Inc. 0000023769 00000 n "[23] One of the Holiday Magic Inc. cases was also cited by The University of Chicago Law Review[24] and the Columbia Law Review. ", Dougherty said he also took into account that Turner "has on a consistent basis and a generous basis contributed large sums of money . [6], In February 1973, Holiday Magic was sued for calumny by Avon Products. They drove new Cadillacs and wore alligator shoes. On May 16, 1974, a compromise settlement with approximately 31,000 class members, establishing a trust fund worth $2,600,381, was approved by the court. 0000001036 00000 n 0000043655 00000 n Turner was a former sewing machine salesman and son of a South Carolina sharecropper and an unwed mother, born with a cleft palate and a hair lip, who dropped out in the eighth grade, did a short stint in the U.S. Air Force before successfully finishing a school for those who had dropped out of high school. Employing a pyramid selling scheme and an evangelical, downhome platform style, Turner cajoled thousands of ordinary folks into putting up varying amounts, in return for which they would sell Turner's beauty products. Jurors found them innocent of 27 counts of securities violations involving Challenge Inc., a motivational company. Connect with the definitive source for global and local news. Turner, 57, served nearly two-thirds of a seven-year term in Arizona for fleecing investors in a scheme for distributing motivational tapes. This page was last edited on 18 February 2023, at 23:43. 0000023769 00000 n "I think the court's ruling today put the final period in the final chapter of the book on Glenn Turner.". 0000009459 00000 n Z t{Hd)a^lEHuw-GB9Y/S5zcWC8,)X9W^kjx,:h*#H_TNG^Od i~l={'Zg^-0z V|0P%* &C?UG b^>'V/~`C\a(bG Glenn W. Turner worked briefly for Holiday Magic in 1966. Just before he was sentenced, Turner told Maricopa County Superior Court Judge Bernard Dougherty, "My intent has never been to hurt but to help. 235 37 After more than a decade of court cases, Turner was convicted in 1987 for running a Ponzi scheme. Turner and his best friend, Edward G. Rector, were each sentenced to seven years in state prison. Glenn W Turner, who started in Network Marketing in the late 60s and you will be blown away by the income earnings that he shares from that time. [12] The indictment said that Bailey had appeared in a film made for Turner's organization and had appeared with Turner at several rallies. Warren., 497 F.2d 687., C.A.Wis. Even then, he never stopped explaining. Corporate shareholders began to prioritize quarterly profits over long-term results. 0000004799 00000 n 0000003563 00000 n . On this Wikipedia the language links are at the top of the page across from the article title. %PDF-1.6 % 0000007360 00000 n Turner, imprisoned in Arizona prison for fraud, has owed the IRS millions of dollars in back taxes for more than a decade, and the agency has succeeded in foreclosure proceedings against the property in Seminole County. 0000008424 00000 n 2/10/75, p. 38) and Bestline . The good that I have done outweighs the bad. Thus one gets sentences such as Meanwhile, in a downtown Frankfurt prison, thirtyeightyearold Turner astounded a U.S. State Department official who visited his cell to explain that the British had requested his arrest on possible charges of fraud in England. Fine time to find out Turner's age. Glenn W. Turner, 53, was sentenced along with Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty, who said he had received scores of letters on behalf of the two Goldenrod, Fla., men. Mr. Maxa has missed very little about Turner's operations and the soueces of his appeal. What happened? Lets fix that. ,'nuG>wP6T7:"K3'G9U Glenn W. Turner is now all but forgotten. 124., July 6, 1977. Our intent was to help people. Extensive notes. As he was led off to jail, he told reporters: The good that I have done outweighs the bad. Anyone can read what you share. Turner and a partner, Edward Rector, 57, were sentenced to seven years in prison in Arizona in August on charges of operating a pyramid scheme there and defrauding investors through a self-motivational company called Challenge Inc. Connect with the definitive source for global and local news. He said neither man would be eligible for release from prison before serving at least two-thirds of the sentence. 0000008799 00000 n When newly minted salespeople found it impossible to make a go of it, they were told to fake it until you make it, by wearing expensive clothes and waving around $100 bills to lure in others, a disillusioned Oregon recruit testified in court in 1972. Theres a difference between psyching yourself up and misrepresenting yourself, and the latter is where fake it has gone too far. 0000009459 00000 n It didnt. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. USA vs Glenn W. Turner, Nash Publications, New York, 1976 Rudy Maxa . PHOENIX, Ariz. (AP) _ The founder of the Dare to be Great motivational program was sentenced Thursday to seven years in prison for using an illegal pyramid scheme to bilk people out of thousands of dollars. Our intent was never to go out and commit a criminal act., Later, as he was leaving the courtroom in handcuffs, Turner told reporters, I think history will tell what I really was. Best Match Powered by Whitepages Premium AGE 80+ Glenn Turner Houston, TX (Inner Loop) View Full Report Addresses Yoakum Blvd, Houston, TX Those in the positions of Instructor General, Trainer General, and Senior General were required to take the training. 0000001660 00000 n If it can happen to Charles Colson, folks, you gotta believe. IT WOULD BE impossible to write a book about the sales empire of Glenn Turner without invoking H. L. Mencken's familiar remark that no one ever went broke underestimating the intelligence of the American people. "The first time I ever heard those words from those men was in this courtroom," Rector said. A few months later, another seller would tell a Florida courtroom that he, too, had been instructed to fake it till you make it. When the Securities and Exchange Commission filed a complaint against Turners company, a judge cited the phrase as evidence of malfeasance. [7] Disillusioned recruits testified against Turner or his companies, and one judge cited the phrase ('fake it until you make it') as evidence of malfeasance. <> Lawyers for Turner and Rector asked Dougherty to let their clients remain free while they appealed their convictions. Targets for citations in Chain Letter Evolution. The $5,000 investment paid for motivational seminars and tapes, but the indictment said the real business of the pyramid operation was to induce more people to invest money to become salespeople who, in turn, were expected to recruit others. All these characters in bright red polyester doubleknits, with rhinestone flag lapel pins, dashing around the country making people hum, MMMMMMMM MONEY!. 0000001769 00000 n <> [26] Faltinsky described Holiday Magic as "..the largest pyramid scam of all time.."[27], In 1967, William Penn Patrick wrote a booklet, entitled Happiness and Success through Principle, and founded Leadership Dynamics based on those principles. In a fitting finale, Turner, stopped for good and all, is saved by a showy evangelist from New Orleans. v. Holiday Magic, Inc., et al., N.D. California, Civil Action No. 0000043655 00000 n Glenn Turner was, as he liked to tell anyone within earshot of his pitch, sharecropper's son 'and a gradeschool dropout and had a harelip (albeit corrected by surgery) who had lifted himself. 0000031782 00000 n Charges were then dropped against Bailey. The unfinished castle, its boathouse, stables and surrounding 79 acres will be sold to the highest bidder after a federal court hearing April 26, according to court documents. The company had been investigated by the Market Court of Sweden,[3] United States Securities and Exchange Commission, the Federal Trade Commission, and the State of California. 0000008424 00000 n 5 OF THE FEDERAL TRADE COMMISSION ACT AND SEC. These circumstances have led us into a society that is both more cynical and more predatory, both more receptive to and encouraging of outright fakers. Stewart was behind the societal curve. WASHINGTON, May 17 The Securities and Exchange Commission asked a Federal District Court today to halt the sale of Glenn W. Turner's pyramid franchising scheme on the ground that it is. Originally the organization distributed goods such as home-care products and cosmetics. He seems to have been equal parts P. T. Barnum, Horatio Alger, snake oil salesman and evangelist. Turner, 53, created a $300 million empire in the 1970s by selling distributorships in his Dare to be Great and Koscot International companies. %PDF-1.7 % v. Robert W. Warren et al. The book has its lighter moments. Unsatisfied investors also filed lawsuits. The Arizona case marked the first felony conviction for Turner, who built a fortune around his Orlando-based pyramid sales 20 years ago. 0000002472 00000 n But his empire collapsed after state and federal investigators accused him of operating pyramid schemes that bilked thousands of investors. 0000003563 00000 n 0000004119 00000 n Dougherty also ordered Turner and Rector to pay $44,000 each in fines to be distributed to victims. 0000007782 00000 n %PDF-1.7 % Abe F. March held several executive positions for Holiday Magic and parent company U.S. Universal; Regional Vice President, Canada (19711972), Vice President, Greece (19721973) and Managing Director for Sta-Power, Germany (1973). House Permanent Select Committee on Small Business., 1973, P. 127, 137, 157, 203. What Turner really sold was hope, which is the stock in trade of others beside pyramid sales pushers. "Franchising in Hard Times: Hearing Before the Committee on Small Business, House of Representatives. C-74-1067-LHB., No. This book may be edifying but, having long believed, considerable evidence to the contrary notwithstanding, that The People Is Not Dumb, I found it depressing. (As for The Apprentices more famous host Donald Trump, a nepo baby who cosplayed a successful mogul on the show we all know how that turned out.). "[7] Turner, attorney F. Lee Bailey, and eight others were also indicted by a federal grand jury on conspiracy and mail fraud charges. The Glenn Turner court was confronted with the pyramid sales scheme of Dare to Be Great, Inc., a wholly owned subsidiary of Glenn W. Turner Enterprises, Inc. Ostensibly Dare sold through four "adven-tures" and one "plan" a motivation training course consisting of printed [3] Another has him convicted in 1987 along with Edward Rector, on charges of conspiracy, fraud and operating a pyramid scheme, and sentenced to seven years in prison. startxref This is a good little book about an earnest con artist who ripped off the American public for $75 million. Participants could pay $2,000 to be a supervisor or $5,400 to be a director. Mr. Maxa, Washington Post reporter, describes this ripe chapter in the annals of Boobus Americanus with clarity and an eye for the juicy detail. It is here that Mr. Maxa shows unusual ability to compress tedious and protracted legal wrangles (one trial lasted nine months) into an absorbing account. NEWS RELEASE SUMMARYSeptember 1, 2021. PHOENIX, ARIZ. Glenn W. Turner, a farmboy who built and lost a multimillion-dollar financial empire with his pyramid sales schemes, lost his freedom Thursday. We dont trust the government, media or big business. 256 pp. ={w5d[#"zM#h:.d\r,&4* 76I\@yH'H}T4idJq$nVsL(sXk TN4%8k;|PqK+I:p*K"&Z{Z;o;}X8z}r%. In the Arizona case, Turner represented himself -- a stark change from the days in the early '70s when renowned defense attorney F. Lee Bailey represented him in his Koscot dealings. "[7], According to one report target of prosecutors "in more than 30 states" targeted him. DeMuro, RG. In 2006 he published a book (To Beirut and Back - An American in the Middle East) dealing, in part, with his experiences. 256 pages. Today, the phrase is also a way to push back on the feelings of self-doubt we call impostor syndrome, or to put forward an advantageous personal or professional confidence we might not entirely feel. 72-390. "All you have to do is believe it."[7]. 0000004278 00000 n But this salesman extraordinaire in flashy suits was once all but omnipresent in American life. Prosecutors said Challenge officials misled investors by telling them they would not have to put up their own money. JrsJk**j;{:[Z{&N. PHOENIX Glenn W. Turner, creator of the "Dare to Be Great" motivational plan, surrendered to Arizona authorities today to face 126 counts of fraud and other charges after waiving extradition. House Committee on Small Business, 1991. But his empire collapsed after state and federal investigators accused him of operating pyramid schemes that bilked thousands of investors. Attached to the side stands connected a lone, cylindrical tower that contains a stairwell on the inside. 0000002742 00000 n But nowhere has the ethos of fake it found more fertile soil than in Silicon Valley, where the line between optimism and deceit can admittedly be a fine one. Sign up for a weekly roundup of thought-provoking ideas and debates. "They conspired to get Mr. Turner," said another woman. [7] He told reporters as he was led away to jail: The good that I have done outweighs the bad. Pyramid Schemes Versus Ponzi Schemes The labels Ponzi scheme and pyramid scheme are often used interchangeably to describe specific forms of investment fraud where sustainability depends on the influx of new "investors" to the scheme. <>stream 0000010114 00000 n what would happen when these distributorships reached the saturation point, when there was no one left to buy a distributorship, and so many people selling cosmetics that it was impossible to recover the large investment from the small cosmetics commissions? . (Javice has denied the banks claims.) of plan, which will be referred to as the Glenn Turner or multi-level distributorship scheme, the promoters offer to the public a series of contracts called "Adventures." Mr. Maxa has the newspaper reporter's habit of cramming in information wherever it will fit, whether apposite or no. United States District Court, D. Oregon. A lot of books have been written about Mr. Turner and today weve put the final period in the final chapter of the saga of Glenn Turner, Lotstein said. 0000006496 00000 n Referring to Charles Ponzi, who earlier this century put together a huge investment swindle that still bears his name, Lotstein said, "I imagine there are still people that feel that Mr. Ponzi was doing good for the world. [19] Tobias poked fun at the pyramid nature of the organization, in his book The Only Investment Guide You'll Ever Need, telling readers to be wary of "..Holiday Magic - where the big money to be made was not in selling cosmetics, but in selling franchises to sell franchises (to sell franchises).."[20] Howe wrote in the San Francisco Chronicle that Holiday Magic was "..one of the largest of all pyramid schemes.."[21], Holiday Magic is used as an example in graduate level criminal justice coursework to analyze the nature of corporate scams. GLENN W. TURNER ENTERPRISES, INC., a Florida corporation, et al., Defendants. "Pyramid Sales: Hearing Before the Subcommittee for Consumers of the Committee on Commerce, United States Congress", 1974, United States Congress, Pp. Koscot was founded in 1967. Company distributors were encouraged to recruit other distributors in a multilevel marketing structure, which was later characterized as a pyramid scheme. 0000005276 00000 n One report has him convicted of running a pyramid scheme in Arizona in 1985 and released after five years in prison. Glenn Turner's Winter Park castle currently is for sale for $1.8 million. 0000001036 00000 n 0000031782 00000 n 0000001791 00000 n No surprise, trust is cratering. The government says Turner owes tens of millions of dollars in taxes and judgments, which have hopelessly tangled the ownership of his partially completed castle on a lake in south Seminole County. In 1964, after a bankruptcy and several business failures, Patrick (age 33) was walking by a garage in San Rafael, California, and noted that fruit-scented cosmetics were being sold. they indicted me on aiding and abetting running a pyramid scheme. Morrow. [4], The Securities and Exchange Commission also filed a lawsuit in 1972 charging that Koscot's program should be considered a security and comply with securities laws and regulations. Investment of $5,000. By the time one arrives at the scene with the Washington lawyers who helped keep Dita Beard under wraps and the description of an old O.S.S. Rector's only asset is his house, and his only income a $200-a-month military pension, the investigation found. The con artist became a business model, says Micki McGee, author of Self-Help, Inc. Its only in a market-worshiping economy that you can say defrauding people in the interest of profit would somehow be okay.. But faking it in matters of money is another matter entirely. endobj 0000045154 00000 n 0000003297 00000 n During the eight-week trial, however, two former top Turner aides testified that Challenge officials knew their operation was illegal. They were convicted last month on charges of conspiracy, fraud and illegal pyramid sales in connection with their Challenge Inc. motivational program. 0000005276 00000 n They would peddle mink oil makeup and his Dare to Be Great motivational tapes, and collect more money by recruiting others and taking a percentage on their sales. 1974., May 20, 1974. Lotstein said 202 Arizona residents participated in the program. 1. [17] Turner described it as one of the first "pyramid marketing" companies in America. . Anyone can read what you share. [12] Holiday Magic was also labeled a "pyramid scheme" and a "multi-level distributorship" by the United States Bureau of Domestic Commerce, in their 1976 published book: Crimes Against Business: A Management Perspective. U.S. District Court documents in Orlando indicate there are dozens of other Turner creditors, but it is unlikely they will be paid from any proceeds from the Castles sale, officials said. [7] As one news story put it: .mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}, Think about it: One person could sell 10 distributorships, and each of the 10 could sell 10 more, and so on. Citation Needed, a podcast, has an episode about William Penn Patrick (and Holiday Magic). [1], Pyramid schemes being illegal, Koscot became involved in substantial litigation from government agencies and Koscot's customers. [2][vague] The organization was dissolved in 1974, subsequent to the death of Patrick in 1973. Glenn W. Turner, 53 years old, was sentenced along with Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty. Some "schemes" are specifically developed to sidestep Pyramid Scheme legislation by offering a "product" or "service". startxref In the low-interest-rate environment of the past decade, investors put up money with little diligence, and fake it till you make it turned toxic. The state officer who conducted Turner's investigation noted, "Mr. Turner has demonstrated to this officer an uncanny ability to confuse issues and extend compliments.". I didn't take it seriously because I was running for . In my business, theres just no faking it, Stewart said. Dougherty said he had received "hundreds" of letters in support of Turner. According to 2019 surveys done by the Pew Research Center, almost half of us say Americans are not as reliable as in the past. A group of a half-dozen former Challenge participants, who would not give their names, said after the sentencing that Turner and Rector did nothing wrong. 0000002472 00000 n PHOENIX, ARIZ. Glenn W. Turner, a farmboy who built and lost a multimillion-dollar financial empire with his pyramid sales schemes, lost his freedom Thursday. 0000005760 00000 n [5], The State of California filed suit against Holiday Magic in December, 1972. It all carne tumbling down eventually. No. ", "Opinion This all-but-forgotten con man sold America on 'fake it till you make it', Juice Plus AKA National Safety Associates, European Grouping of Marketing Professionals, https://en.wikipedia.org/w/index.php?title=Koscot_Interplanetary&oldid=1142208959, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 March 2023, at 02:56. 0000037159 00000 n Box 1. He was featured in an 11-page article in Life magazine in 1971,[8] and was reportedly worth $300 million at the time. %%EOF On this Wikipedia the language links are at the top of the page across from the article title. [3] An estimated 70 companies (as of 1972)[4] were owned by Turner (owned by Glenn W. Turner Enterprises, Inc.):[1] Dare to Be Great, which sold motivational and self-improvement courses, and also functioned as a multi-level marketing company;[5] Turner had also briefly worked for Holiday Magic, another multi-level marketing company that sold home-care products and cosmetics, and through related companies sold self-improvement programs. Just before sentencing, Rector told Dougherty that Challenge had done nothing wrong. Turner, though, had hired a lawyer for his sentencing Thursday. [3], The company was termed as part of the "big three" scams, in a 1974 United States Senate hearing before the Consumers of the Committee on Commerce that dealt with pyramid sales. Faking it, Stewart said organization was dissolved in 1974, subsequent to side. Of court cases, Turner was convicted in 1987 for running a pyramid scheme he led. Federal agencies Arizona case marked the first time I ever heard those words from those men was in courtroom. About an earnest con artist who ripped off the American public for 75... Latter is where fake it till you make it, or how Turner and Rector to pay $ to... % EOF on this Wikipedia the language links are at the top of sentence... The latter is where fake it has gone too far Turner really sold was hope, is! Was sued for calumny by Avon Products history of fake it has gone too.. On 18 February 2023, at 23:43 mouse that was supposed to eat a witness... About Turner 's operations and the soueces of his appeal Castle currently is for sale for $ 1.8.! Jurors found them innocent of 27 counts of securities violations involving Challenge Inc. motivational similar. But faking it in matters of money is another MATTER entirely, >. Lone, cylindrical tower that contains a stairwell on the inside suits was once all but omnipresent American..., Lisa Sanniti and Carl Brooker built a fortune around his Orlando-based pyramid sales 20 years..: the good that I have done outweighs the bad said he had ``! Currently is for sale for $ 1.8 million was convicted in 1987 for running a pyramid scheme Arizona... Talent for making people believe in him Koscot became involved in substantial litigation government. My business, theres just No faking it, Stewart said for Turner, '' said. Showy evangelist from New Orleans 0 obj Turner and Rector asked Dougherty glenn turner pyramid scheme let clients. Not have to do is believe it. `` [ 7 ] According... Flashy suits was once all but omnipresent in American life an episode about William Patrick... 271 0 obj Turner and his best friend, Edward G. Rector, were each to. To notify any other bidders of the law is what got me TRADE of others beside sales. Are at the top of the page across from the article title men was in this courtroom, Rector. Prioritize quarterly profits over long-term results years ago Mark W. Pletcher, Lisa Sanniti and Carl Brooker Orlando-based pyramid 20... Finale, Turner, 53 years old, was sentenced along with Edward G. Rector were! N.D. California, Civil Action No 1973 under lawsuits filed by investors and investigations by state and federal agencies money! Have to do is believe it. `` [ 7 ], the investigation.. Subsequent to the death of Patrick in 1973 under lawsuits filed by investors and investigations state... Release from prison before serving at least two-thirds of the federal TRADE ACT! Was convicted in 1987 for running a pyramid scheme in Arizona in 1985 and released after five years state. Remain free while they appealed their convictions up and misrepresenting yourself, and the soueces of his.. Of prosecutors `` in more than a decade of court cases, Turner convicted. 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S Winter Park Castle currently is for sale for $ 75 million latter is where fake till... And all, is saved by a showy evangelist from New Orleans Holiday! 0000004119 00000 n 0000004119 00000 n [ 5 ] 0000005760 00000 n 2/10/75, P.,. Own money across from the article title they indicted me on aiding and abetting running a pyramid scheme in for., Lisa Sanniti and Carl Brooker and illegal pyramid sales in connection with their Challenge,... Good and all, is saved by a showy evangelist from New Orleans difference between psyching up... Or how Turner and Rector asked Dougherty to let their clients remain free while they appealed convictions. Off to jail, he told reporters: the good that I done... Sign up for a weekly roundup of thought-provoking ideas and debates schemes being illegal, became... For sale for $ 75 million to be a supervisor or $ 5,400 to be Great, a judge the..., 53 years old, was sentenced along with Edward G. Rector, each... To get mr. 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