Word: leblanc
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Dates: during 1950-1959
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SUPERSALESMAN Dudley J. Le-Blanc, concocter of the leeringly ballyhooed patent medicine, Hadacol (TIME, Sept. 10, 1951), is open for business again with a new vitamin-and-alcohol cure-all he calls Karyon ($1.25 for a 7-oz bottle). Compared to bad-tasting Hadacol, says Medicine Man LeBlanc, "this has a very classy taste. We've flavored it with lemon extract...
...Sold for $8,200,000 to the almost unknown Tobey Maltz Memorial Foundation was Dudley J. LeBlanc's: 1. Formula for extracting cortisone...
...horse trader, Louisiana's Dudley J. LeBlanc likes to say that the man who buys a horse has only himself to blame if the horse keels over and dies. Only six weeks ago, a group of Manhattan traders bought the odd-looking business animal that LeBlanc had raised on Hadacol, a patent medicine comparable to a vitamin-enriched Manhattan cocktail (TIME, Sept. 10). This week it looked as if the horse they bought was about dead...
...Manhattan's federal court, Hadacol's purchasers filed a voluntary petition for financial reorganization. After paying LeBlanc $250,000 down (previously announced as $1,100,000) for the company, they made some shocking discoveries. Hadacol's $3,600,000, 15-month profit had somehow mysteriously turned into a $1.8 million second-quarter loss. Worse, they charged that LeBlanc had 1) concealed $2,000,000 of unpaid bills and a tax debt of $656,151 to the Government, 2) falsified Hadacol's records to show $2,272,000 of "accounts receivable" which, in large part...
...Last week the Federal Government slapped a $656,151 lien against the LeBlanc Corp. for taxes past due on 1950 income. LeBlanc said that was a problem for the new owners, since they acquired both debts and assets. Said he: "If you sell a cow and the cow dies, you can't do anything to a man for that...