Indictments: The Woes of Wolfson

Controversy keeps dogging Louis Elwood Wolfson. On grounds that he had milked the company of millions, the Government in 1956 refused to renew his contract to run the Capital Transit bus-and-trolley line in Washington, D.C. In 1958, Merritt-Chapman & Scott Co., of which Wolfson is chairman and controlling shareholder, pleaded nolo contendere to charges of bribing a county official in Washington State to help win the big Priest Rapids Dam construction job; the company paid a penalty of $50,000. Also that year, the Securities & Exchange Commission charged that Wolfson tried...

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