On this date in 1982, maverick auto executive John Z. DeLorean was arrested at a hotel near the Los Angeles airport. DeLorean was charged in connection with a $24 million cocaine transaction that he took part in to save his failing company. (Rumors that the $24 million in cocaine were needed to generate the 1.21 gigawatts of electricity it takes to travel through time are, to this day, unconfirmed.) DeLorean maintained that he had been entrapped by an informant working for the FBI. The jury agreed, and Delorean was acquitted (even though his defense team had called no witnesses). His business, DeLorean Motors, wasn’t so fortunate. The British government, which had partnered with DeLorean in the venture, shut it down in November of 1982.
John DeLorean died of a stroke in 2005 at the age of 80.
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