Winter, 1910 Panzram alleged in his 1929 autobiography that after serving a short sentence at Rusk Texas, he claimed to have gone to Juarez, Mexico to try to enlist in the Federal Mexican Army; he then left on a train for Del Rio, Texas and got off in a small town 50 to 100 miles east of El Paso, Texas where about a mile south of that town he alleged to have abducted, assaulted, kicked and strangled a man and then stole $35.00 from the victim
In light of his extensive criminal record, he received a 25-years-to-life sentence. Upon arriving at Leavenworth Federal Penitentiary, he warned the warden, "I'll kill the first man that bothers me", and was given a solitary job in the prison laundry room. On June 20, 1929, he beat the Prison laundry foreman Robert Warnke to death with an iron bar, and was sentenced to death.He refused to allow any appeals of his sentence. In response to offers from death penalty opponents and human rights activists to intervene, he wrote, "The only thanks you and your kind will ever get from me for your efforts on my behalf is that I wish you all had one neck and that I had my hands on it."
Not all celebrities have fame and fortune, some are just famous – and in a ton of debt. They came from rags to riches, then went back to rags. Whether they’ve filed bankruptcy, ended up in court, or just can’t stop spending, celebrities mismanage their money just like everyone else. They just hide it well.
50 Cent coined the term “wanksta,” then “partied like it was his birthday” until he filed Chapter 11 bankruptcy in 2015. The rapper was said to be anywhere between $10 million and $50 million in debt. In 2016, a federal bankruptcy court judge in Connecticut approved a plan for the founder of G-Unit to pay his debts back. He was able to get his bankruptcy discharged in February of the following year.
Following a 45-year-long career in Hollywood, acting in more than 70 films, actor Gary Busey found himself in more debt than he was worth. In 2012, it was reported that Busey owed between $500,000 and $1 million worth of debt, but only had $50,000 to his name. The 74-year-old actor owed money to hospitals, banks, the L.A. Waterworks District, and even a storage company. He filed Chapter 7 bankruptcy that same year. Despite his longstanding career in Hollywood, Busey's net worth is now only $500,000.
Burt Reynolds is still worth five million dollars, but his battles with debt date back more than 20 years. Between bad investments and a pricey divorce from actress Loni Anderson, the 1970s superstar had to deal with over $10 million in debt and decided to file Chapter 11 bankruptcy in 1996. While testifying in a 1994 custody hearing, the South Florida native said he spent $40 million getting through his divorce.
The former Hollywood bad boy, Charlie Sheen owes the IRS nearly $5 million. But that's not all. In 2016, his net worth was reportedly still as high as $150 million, but he was nonetheless $12 million in debt at the time – including mortgages, legal fees, and taxes. That same year, Debt.com reported Sheen owed nearly $300,000 on an American Express card alone.