Seymour Lazar

Seymour Manuel Lazar (June 14, 1927 – March 30, 2016) was an American

investments

, and his part in an illegal kickback scheme.

Personal life

Lazar was born in

Orthodox Jewish parents. His family moved to a ranch in the San Fernando Valley in Los Angeles when Lazar was young.^[1] By the time he was 12, Lazar was keeping the books for his father's accounting business.^[2] He graduated from Los Angeles High School in 1943, took a job at Lockheed, and enrolled pre-law at University of California, Berkeley. He was drafted into the Army Air Corps, served two years, and then returned to his studies. In 1949, he graduated from Berkeley with a degree in economics, and in 1951, from University of Southern California with a law degree.^[2]

His first marriage ended in divorce. His second marriage, to Alyce Lou, lasted until his death. He has three children from his two marriages.[2]

Entertainment law

Early on in Lazar's career he specialized

Beatles.^[1] He dated Maya Angelou when she was working as a cabaret singer. She later stated that he helped launch her career as a poet.^[2]

Stock trading

In the 1960s, Lazar began investing in oil wells in Texas and Louisiana, a Spanish-language newspaper, timberland in Indonesia, and stocks.^[1] According to New York Magazine, he became "the single largest individual stock trader during the sixties",^[1] buying and selling more tham $300 million in stocks in 1967 alone.^[2] Most of these investments were related to mergers and acquisitions. He had a few big losses, including a proposed merger between Armour and General Host (owner of Frank's Nursery & Crafts) that fell through in 1969.

The Latter-day Saint will

In 1976, Lazar joined a group that was trying to prove that a will found in the headquarters of the Church of Jesus Christ of Latter-day Saints in Salt Lake City was the final will of Howard Hughes. Lazar invested $250,000 in the investigation. A Nevada jury ruled that the will was a fake.^[3]

Milberg Weiss kickback scheme

Lazar developed a professional relationship with

home detention and ordered to pay a $600,000 fine, on top of a previously ordered $1.5 million forfeiture.^[2]^[1]

Lazar died at his home in

Palm Springs in 2016.^[2]^[1]

In 2016, Lazar's daughter, Tara Lazar, opened a speakeasy in Palm Springs and named it Seymour's after her father.[4]

References

^ ^a ^b ^c ^d ^e ^f Schudel, Matt (April 5, 2016). "Seymour Lazar, celebrity lawyer, wheeler-dealer and convicted felon, dies at 88". Washington Post. Retrieved May 13, 2017.
^ ^a ^b ^c ^d ^e ^f ^g Grimes, William (6 April 2016). "Seymour Lazar, 88, Dies; Flamboyant Entertainment Lawyer, and More". The New York Times. Retrieved May 13, 2017.
^ Dorfman, Dan (October 4, 1976). "A barefoot investor bets $250,000 on the Hughes will". New York Magazine. pp. 14–15. Retrieved May 13, 2017.
^ Hochman, David (March 8, 2016). "A Former Day-Trader Brings Much-Needed Pizazz to the Palm Springs Dining Scene - Los Angeles Magazine". Los Angeles Magazine. Retrieved May 13, 2017.

[schudel2016-1] ^ ^a ^b ^c ^d ^e ^f Schudel, Matt (April 5, 2016). "Seymour Lazar, celebrity lawyer, wheeler-dealer and convicted felon, dies at 88". Washington Post. Retrieved May 13, 2017.

[grimes2016-2] ^ ^a ^b ^c ^d ^e ^f ^g Grimes, William (6 April 2016). "Seymour Lazar, 88, Dies; Flamboyant Entertainment Lawyer, and More". The New York Times. Retrieved May 13, 2017.

[3] Dorfman, Dan (October 4, 1976). "A barefoot investor bets $250,000 on the Hughes will". New York Magazine. pp. 14–15. Retrieved May 13, 2017.

[4] Hochman, David (March 8, 2016). "A Former Day-Trader Brings Much-Needed Pizazz to the Palm Springs Dining Scene - Los Angeles Magazine". Los Angeles Magazine. Retrieved May 13, 2017.

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