http://365daysofmotoring.com/showonthisday/article/13396

On This Day
Tuesday 19th October 1982
40 years ago

After being caught on film during an FBI sting operation trying to broker a $24 million cocaine deal, John D. DeLorean, pioneer of the Pontiac Grand Prix and GTO and builder of the DeLorean DMC-12, was arrested on charges of drug trafficking and money laundering. Two years later a federal jury ruled that he was a victim of entrapment, and DeLorean was acquitted of all charges. Nevertheless, the debacle ruined his credibility, and John DeLorean's fall from the top of the automotive industry was complete. He died from a stroke at the age of 80, on March 19, 2005.

John DeLorean
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