JAIL HURWITZ

Texas corporate raider Charles Hurwitz, with the help of junk-bond broker and convicted felon Michael Milken, looted and crashed a Savings and Loan, United Savings Association of Texas (USAT), costing U.S. taxpayers a staggering $1.6 billion!... With looted money funneled from the S & L, Hurwitz engaged in a hostile takeover of the Pacific Lumber Company, commenced rabid clearcutting, and tripled the rate of logging of the world's largest stands of privately held ancient redwood forests, including Headwaters Forest, a precious, sacred and irreplaceable international treasure of the ages... Hurwitz simultaneously raided Pacific Lumber's worker pension fund, removing $55 million from the retired loggers and millworkers' nest egg, and began raping the company, selling off much of it's other liquitable assets for the quick cash he needed to make his pressing junk bond payments.

Primary location: Garberville United States