Posts Tagged ‘David Lamar’

The “Wolf of Wall Street”

December 14, 2009

David Lamar was kind of a low-grade Bernie Madoff. He earned his nickname partly by taking millions of dollars from private citizens, promising to invest their cash in stocks and securities, and then keeping the money for himself.

Falsely claiming to be a scion of a wealthy Georgia family, Lamar lived large. He mingle with politicians and financial bigwigs, pretending to be a legit finance guy.

But for three decades he would be in trouble with the law, indicted for grand larceny, hiring detectives to commit murder, hiring Monk Eastman’s gang to beat a man up, and impersonating a politician over the phone. 

He died penniless in 1934 in the Hotel Wellington in midtown. Three waiters who he had generously tipped during his days on Wall Street chipped in and paid for his funeral.