Marvin L. Warner
Marvin Leon Warner (June 8, 1919 in Birmingham, Alabama - April 8, 2002 in Cape Canaveral, Florida) was the United States Ambassador to Switzerland and Liechtenstein from 1977 until 1979 (some sources say until 1981) and the owner of the Birmingham Stallions.[1] He was the owner of Home State Savings Bank,[2] breeder of thoroughbred horses, part owner of the New York Yankees from 1973 until 1975 as well as the Tampa Bay Buccaneers.[3]
Warner was “sentenced ... to 3 1/2 years in prison and fined $22 million for helping trigger the biggest banking crisis in Ohio history.” Unable to post the $22 million cash bond ordered by the judge, Warner was immediately taken to jail.[4] When he was released from prison, he moved to an Ocala, Florida horse farm to protect himself from creditors.[3] Those were state charges. He was found innocent on an 18 count indictment on federal charges of one count of conspiracy, 15 counts of wire fraud and two counts of interstate movement of fraudulently obtained funds for which the maximum combined penalty was 90 years.[5]
Biography[]
Born and raised in Birmingham, he served in the army in World War Two, leaving with the rank of captain. He earned both an undergraduate degree and law degree from the University of Alabama.[6]
Warner died of a heart attack while in Cape Canaveral to watch the launch of the space shuttle Atlantis.[3]
References[]
- ^ "Archived copy". Archived from the original on 2005-03-15. Retrieved 2005-04-26.CS1 maint: archived copy as title (link)
- ^ Neikirk, Bill (March 24, 1985). "unable to post a $22 million cash bond ordered by the judge". Chicago Tribune. Retrieved 1 March 2021.
- ^ a b c "Marvin Warner, 82, Figure in S.& L. Debacle". The New York Times. April 13, 2002. Retrieved 1 March 2021.
- ^ Van Sant, Rick (March 31, 1987). "MARVIN WARNER GETS 3 1/2-YEAR JAIL SENTENCE". The Washington Post. Retrieved 1 March 2021.
- ^ "Warner Innocent on Federal Charges". AP. June 19, 1987. Retrieved 1 March 2021.
- ^ "Marvin Warner, 82; Head of Failed Bank". LA Times. April 13, 2002. Retrieved 1 March 2021.
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- Ambassadors of the United States to Switzerland
- Ambassadors of the United States to Liechtenstein
- 1919 births
- 2002 deaths
- University of Alabama School of Law alumni
- Savings and loan crisis
- New York Yankees owners
- Tampa Bay Buccaneers owners
- American diplomat stubs
- American business biography stubs