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.
Homes - Celebrity - Business
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.