Historic Information - John Z. DeLorean Aftermath
John DeLorean was arrested for conspiracy of money laundering
involving dirty money supposedly in an effort to keep his car company
afloat in an elaborate government sting operation. Aside from 10 days
spent raising sufficient bail, he never went to jail as he was aquitted
of all charges due to entrapment.
John recently apeared in the news again -- apparently he is having
financial problems and his Bedminster, New Jersey estate has been
forclosed. After several high profile
marriages (and subsequent divorces) he is currently a bachelor in his
early 70s. He purportedly attempted to restart his failed car company
a few times, but without any success.
Neither the cars, nor the company, nor the man had anything to do
with the movement of drugs. The drugs in the cars bit is total
folklore. The charges resulting from the sting operation were related
to conspiracy of money laundering and not of actual drug
trafficking, smuggling, using, or otherwise. Although John was
arrested with drugs in the hotel room where he was meeting undercover
agents (there is an infamous video documenting the arrest), John had
nothing to do with the transportation of the substance. In a strange
twist, it appears that John was not even using his own money to do
the supposed laundering, but monies put up for him by the DEA as part
of the sting operation. There are several books devoted to the topic,
of which Johns biography details his side of the story.