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De Lorean Cleared Of $8.5 Million Embezzlement Charges
John Z. De Lorean was acquitted on all counts of fraud and racketeering over $8.5 million siphoned from his failed sports car venture. The verdict followed six weeks of testimony and a six day jury deliberation in Detroit. The defense contended the funds were legitimate loans or payments for design work by Group Lotus, with Lotus chairman Colin Chapman cited as controlling GPD.
MENTIONED IN THIS ARTICLE
Detroit
John Z. de Lorean
Lee
de Lorean
Los Angeles
Howard Weitzman
Juanita Brooks
Weitzman
U.S
Julian A. Cook Jr
Roy C. Hayes
Northern Ireland
GPD Services Inc
GPD
Group Lotus