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King In The Slammer

Personality Larry King was arrested in December 1971 in Miami, Florida and charged with grand larceny. King, 38 at the time, was unable to pay back money he owed a financier he was doing some work for. While a judge threw out the larceny charge because the statute of limitations had run out, King pled no contest to one count of passing bad checks.

Louis E. Wolfson, a Wall Street financier who had become a millionaire by the age of 28, suffered a dramatic fall from grace when he was convicted of 19 counts of conspiracy and illegal stock sales in 1967.

On his release he filed a complaint against King, then working as a Miami radio host, accusing him of stealing $5,000 from a $25,000 payment to New Orleans District Attorney Jim Garrison. Wolfson had apparently given King the money to pay Mitchell’s firm in a bid to buy influence in government.

King reportedly kept the money because he needed to pay off creditors, later admitting to Wolfson what he had done. In a book, written by Wolfson’s daughter Marcia and Harry Hurt III, Hurt told the website ‘King was the bag man who kept the contents of the bag.’

When Wolfson was serving his sentence at a minimum-security prison King started to repay the money but soon fell behind. When he was released from prison in 1971, Wolfson was out for revenge against his old friend.

King was arrested after being accused of grand larceny. He eventually pleaded no contest to one count of passing a bad check, although the statute of limitations ran out.

Wolfson succeeded in getting King fired from his job at the Miami TV station WTVY, by claiming that he was a ‘menace to the public’.

He also suggested the station pay for King’s ‘treatment in a mental institution for six months so he can do no further harm in this community or any other.’

The scandal almost destroyed King’s career and he was forced to take a job as a racehorse announcer. It wasn’t until four years later that he was offered a job at Miami’s WiOD radio station and got his life back on track.

Wolfson, who went on to breed racehorses, died in 2007 at age 95.

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