Frederic Ingram is the scion of industrialist Orrin Ingram and the former owner of Ingram Barge Co. In 1977, he was charged and convicted with operating a bribery scheme that netted more than $40 million in profits for his firm. President Jimmy Carter later issued a presidential pardon to Ingram and reduced his prison sentence to 18 months.
Soon after being released, Ingram traveled to Ireland and renounced his American citizenship, becoming an Irish citizen. He then transferred his assets (worth an estimated $150 million) to a holding company in Liechtenstein. Despite this, he still owns at least three homes in the US, including one in Beverly Hills and two in Montecito, CA.
By gordonhigh @ 2012-07-05 16:33:03