Frederic Ingram is the son 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 of approximately $150 million to a holding company in Liechtenstein. Despite this, he still owns at least three homes in the US, including two in Montecito and one in Beverly Hills.
Fritz and his wife Ingrid Ingram paid $3.8 million for this home in 2007.
Homes - Celebrity - Business
Links: en.wikipedia.org
By: gordonhigh