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Business Movers

The Myth of John DeLorean | The Prophet | 1

Business Movers

Wondery

History, Business, Entrepreneurship

4.81.5K Ratings

🗓️ 22 April 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

The name “DeLorean” isn’t just synonymous with the 1985 blockbuster film Back to the Future, it’s also infamous for its connection to two uniquely American innovations: the sportscar and the drug trade. John DeLorean was a legend of the automobile industry who rose to the highest levels within General Motors. But his ambition for more than what Detroit could offer brought him to Hollywood, where he became entangled in a web of drugs, betrayal—and the FBI.  

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Transcript

Click on a timestamp to play from that location

0:00.0

It's October 19th, 1982 in Los Angeles, California.

0:22.9

Automobile executive and engineer John Z. Delorean steps off the elevator at the Sheraton

0:27.6

Plaza, LaRena Hotel. He makes his way down the hall to room 501. John's face

0:33.4

doesn't betray the nerves he's feeling. He's gotten good at hiding what's going

0:37.5

on in his head when he wants to. John knocks on the door and is ushered inside.

0:45.1

John, thanks for coming. Always happy to make a trip to the West Coast. The other

0:50.1

man is a banker who's helping John broker a multi-million dollar deal that

0:54.6

will help save his failing business, the Delorean Motor Company. At least that's

0:59.6

what John thinks. In reality, the other man is undercover FBI agent Ben Tisa. And

1:05.3

there's another person in the room too. A man John believes is a mobster entrenched

1:10.0

in the burgeoning American drug trade. But he's actually a DEA agent. A bottle of

1:15.7

champagne sits on a table nearby. John eyes it and laughs.

1:19.3

You got the bottle. Well, I told you we were going to celebrate once the deal goes

1:24.0

through John. Well, then let's get to it. I don't want it to get warm.

1:28.4

They all take a seat. Even in a strange room with men he barely knows. John feels in control.

1:34.5

Making deals has become second nature to John. Anyone watching would easily think he's the one

1:39.7

running things. And he looks the part. At 57, John has finally started to embrace the natural

1:45.6

color of his hair. Each white strand is perfectly quaffed as if he's ready to appear on a magazine

1:51.6

cover at a moment's notice. Now, John, before we consummate this thing, I want to make sure that we've

1:56.4

all got our bases covered. You're good on your end. Like we discussed, the stock certificates are

2:02.0

in a Ureca Federal Savings and Loan Trust account. And eventually I see us being 50-50 partners.

2:07.8

John is exchanging stocks for the promise of cash. He thinks he's pulled one over on the other

...

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