Saturday, March 23, 2013

The Pressure to Succeed

He grew up in Borough Park, Brooklyn, where his father ran a fruit stand. He was educated in a yeshiva, where he spoke Yiddish, and received the equivalent of a high school education. He was born and raised Jewish. He did not learn English until he was in his late teens. He began doing construction work as a young man and established a plumbing supply company.

Sholam Weiss (also spelled Shalom Weiss; born April 1, 1954), is a former American businessman and convicted felon. In 2000, he was convicted of multiple fraud and money laundering counts and sentenced to 845 years in prison for looting the National Heritage Life Insurance. It was believed to be the largest insurance failure in history at the time, with over $450 million in losses. Weiss fled the country at the end of his trial and was a fugitive for one year. He was subsequently extradited from Austria.

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