How did the builder of the Foshay Tower end up in Leavenworth? - Bring Me The News

How did the builder of the Foshay Tower end up in Leavenworth?

On Aug. 31, 1929, Wilbur Foshay, dedicated his Foshay Tower in downtown Minneapolis. But the party didn't last long for this utilities king. It wouldn't be long before he'd end up in federal prison. What happened? A) He was convicted of a pyramid scheme. B) He was caught laundering money for a Norwegian mob. C) He was caught sneaking into the Fair once too often. For the answer, click on the headline above...
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A) Wilbur Foshay, who built a fortune buying utilities throughout the Midwest, opened the Foshay Tower on Aug. 31, 1929. In 1934, he was sentenced to Leavenworth for 15 years on charges that he operated a pyramid scheme with his own stock. President Franklin Roosevelt commuted 10 years from Foshay's sentence, but Foshay only actually served three years in Leavenworth because of "good behavior."

Wilbur B. Foshay

Foshay Tower, 1929

Aug. 31, 1929: The dedication party for the tower.

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