-Caveat Lector-
http://www.jailhurwitz.com/
(These pages are under construction and are being updated as you read!)
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.
Hurwitz had previously looted the Simplicity Pattern worker pension fund in
1982, reducing worker benefits by nearly $4000 per year.
Hurwitz has entered into out-of-court settlements for insurance fraud,
securities violations and a land swindle of his own company's shareholders!
Hurwitz has lost seven environmental lawsuits over his incessant, illegal
logging in these ancient redwood forests of Northern California.
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