Sale and Legal Troubles
In 1952, Kraft Foods purchased National Dairy Products. Ovson Egg became part of Kraft, although the Ovson Egg offices remained in Chicago.
Shortly after the Kraft purchase, Morris and Leo Ovson were indicted on June 14, 1955, for perjury in a labor racketeering investigation. Both men lied to a federal grand jury about giving money to Joseph Glimco, president of Local 777 of the Taxicab Drivers Union, and to Max Podolsky, a union organizer for the Egg Inspectors Union. Joseph and Max were involved in the buying, selling, inspection and moving of eggs at the Fulton Street Egg Market in Chicago, one of the nation's largest egg trading boards. William Holloway, an accountant for Ovson Egg, was also indicted. Morris Ovson agreed to plead guilty to one charge in exchange for the district attorney dropping two additional charges against him and the lone charge against Leo Ovson. Due to his age, poor health, and retirement from the frozen egg business, Morris Ovson was not sentenced to prison but only to one year of probation.
Morris Ovson died in 1961 at the age of 77.
Read more about this topic: Ovson Egg
Famous quotes containing the words sale, legal and/or troubles:
“I hate this shallow Americanism which hopes to get rich by credit, to get knowledge by raps on midnight tables, to learn the economy of the mind by phrenology, or skill without study, or mastery without apprenticeship, or the sale of goods through pretending that they sell, or power through making believe you are powerful, or through a packed jury or caucus, bribery and “repeating” votes, or wealth by fraud.”
—Ralph Waldo Emerson (1803–1882)
“There are ... two minimum conditions necessary and sufficient for the existence of a legal system. On the one hand those rules of behavior which are valid according to the system’s ultimate criteria of validity must be generally obeyed, and on the other hand, its rules of recognition specifying the criteria of legal validity and its rules of change and adjudication must be effectively accepted as common public standards of official behavior by its officials.”
—H.L.A. (Herbert Lionel Adolphus)
“The troubles which have come upon us always seem more serious than those which are only threatening.”
—Titus Livius (Livy)