This dream was short lived, however, as in 1972 his own company ousted him after the federal government began investigating his business dealings. , On August 26, 1890, Moody married Libbie Rice Shearn. 109 Gochman family, with a net worth of $2.5 billion divided among an estimated three family members (Academy sporting goods) , In 1930, Moody founded the National Hotel Company. , In 1907, Moody founded City National Bank. Moody served one term, 1921–23, as treasurer of the city of Galveston. The TSHA makes every effort to conform to the principles of fair use and to comply with copyright law. The suit is in its early stages, but promises to be an all out legal war, and one in which a great deal of Moody family dirty laundry will be dredged up. He remained close to William Jennings Bryan until Bryan's death in 1925. Published by the Texas State Historical Association. In 1987 Moody was convicted by a federal court of mail fraud and wire fraud in connection with attempts to defraud his family's Moody Foundation.  Moody was active in the day-to-day operations of his companies until two days before his death. Moody was active in the day-to-day operations of his companies until two days before his death. His longtime partner was a former Las Vegas dancer named Jimmy Stoker. First, yes, the Moodys do have a bit of a stranglehold on the Galveston island area. W. L. Jr. focused his energy on growing the family business, often working every day of the week except Sunday. Mary Elizabeth Moody Northen, Col. Moody’s granddaughter and eldest child of W. L. Jr. and Libbie Rice Shearn, ushered the family’s interests into the 1980s, and they endure today in numerous businesses, nonprofits and family trusts still operated by Moody descendants. He also was a colonel on Charles A. Culberson's staff in the Texas National Guard. The largest trade Robert's ever made was exercising 39,750 units of National Western Life stock on 1 March 2013 worth over $6,942,338. He and his wife Libbie had four children – Mary Elizabeth, William Lewis III, Shearn and Libbie. reset. Moody Family Papers, Mary Moody Northen Foundation, Galveston, Texas. The most recent stock trade was executed by Thomas A Blackwell on 12 December 2019, trading 396 units of NWLI stock currently worth $50,411. According the website of the school’s Moody College of Communication, the “Moody's established one of the most prosperous entrepreneurial and philanthropic legacies in the country”. The suit seeks a number of corporate actions, including the removal of Ross and other board members. Most recently Robert exercised 8,500 units of NWLI stock worth $974,440 on 4 December 2018. On average, Robert trades about 11,050 units every 190 days since 2010.  Moody had long served on the board of the charitable foundation, helping to direct millions of dollars in grants to just causes. When the estate was transferred to the foundation on December 29, 1959, the foundation became one of the largest in the United States. Although sentenced to five years in federal prison, Moody served little time and was released on parole in May 1991. The Moody Foundation is a charitable foundation incorporated in Texas and based in the island city of Galveston.It was chartered in 1942 by William Lewis Moody, Jr. and his wife Libbie Rice Shearn Moody "to benefit, in perpetuity, present and future generations of Texans." “Aunt Jimmy” sues Galveston’s first family. William Lewis Moody Jr. (January 25, 1865 – July 21, 1954) was an American financier and entrepreneur from Galveston, Texas, who founded a private bank, an insurance company, and one of the largest charitable foundations in the United States. It operates through the following business segments: Domestic Insurance Operations and International Insurance Operations. Font size: The suit is a shareholder “derivative action”, which is a lawsuit brought by a shareholder of a company (in this case Robert) on behalf of a corporation (National Western) against third parties who allegedly damaged the company (in this case Ross and the rest of the board). at the San Luis Salute in Galveston, Texas on February 21, 2020 Quy Tran, Contributor Show More Show Less 6 of 6 Tony Buzbee and Frances Moody at Astros Team Up for Kids and K9s at Tootsies. may 26, 2020 The investigation would eventually lead to his conviction of bankruptcy fraud. may 27, 2020 moody foundation distributes laptops to graduating dallas moody scholars. Jr. had placed her on the boards of several Moody companies. He also owned as many as eleven ranches in Texas and Oklahoma. Austin, TX 78712-1069 The most active insiders traders include Robert L Moody, Ross R Moody, and E Douglas Mc Leod. 1322 Space Park Drive, Suite A248 Houston, Texas 77058. moody foundation awards $250k to hidalgo county for covid-19 relief. National Western Life executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. You should not act or rely on the basis of information on this site without seeking the advice of an attorney. City National Bank Building, founded by Lewis Moody. As Mary Elizabeth grew up, W. L. Jr. educated her on the intricacies of finance and corporate politics. Their family home, "The Moody Mansion", is now a museum.  He was quoted in the Houston Chronicle as saying, "I originally conceived the project of the gardens because we wanted to use the gardens to give this community another source of income", Last edited on 23 September 2020, at 13:48, "Isle financier Shearn Moody dies at age 63/Reclusive millionaire dogged by controversy", "THE MOODY FAMILY/Power, wealth and eccentricity mark the history of this flamboyant family", "Aide of Moody linked to witch group at trial", "Explosives expert accuses Shearn Moody in bomb plot", "In harm's way, again/What do Watergate, CIA and Moody probe have in common? / Nothing on this website or blog should be interpreted as legal advice or the creation of an attorney-client relationship.  Moody was also the grandson of insurance and financial tycoon William Lewis Moody Jr., Shearn Moody Jr., was born on May 23, 1933, to Shearn Moody Sr. and Frances Moody Newman in Galveston, Texas. Second, yes, their refusal to sell instead of lease property in areas such as the Strand has cost the city dearly. The University of Texas has described the Galveston Moody family as “among the most distinguished Texas families”. , His grandfather, William L. Moody Jr., made a fortune by founding the American National Insurance Company, and the younger Moody hoped to follow in his grandfather's footsteps by establishing the Alabama-based Empire Life Insurance Company. They had four children, Mary Elizabeth (Mrs. E. C. Northen), William Lewis III, Shearn, and Libbie (who married Clark W. Thompson III). According the website of the school’s Moody College of Communication, the “Moody's established one of the most prosperous entrepreneurial and philanthropic legacies in the country”. Shearn Moody Jr. (May 23, 1933 – June 25, 1996) was an American financier, entrepreneur, and philanthropist from Galveston, Texas. He also asks the 122nd District Court in Galveston to award him money damages, including the amount of the fine. The foundation focused on a small number of projects, including the Moody State School for Cerebral Palsied Children, before Moody's death. In 1920 he established the American Printing Company of Galveston. After a time at two other boarding schools in Virginia, he went to Virginia Military Institute in Lexington.  Moody was born on January 25, 1865 in Fairfield, Texas. As a result, Brazilian policy sales dramatically increased. By the 1940s, Mary Elizabeth Moody Northen, who had married Edwin Clyde Northen, was taking a prominent role in the family business, and W.L. A soap opera—style drama—starring Galveston’s first family—plays out in federal court. In a chaotic Galveston cotton market in the 1860s and 1870s, Col. Moody gained prestige as an honorable and principled businessman who grew to be influential among his peers because of his cool, clear-headed nature. Texas A&M University Press publishes a series of books called the "W. L. Moody Jr. Natural History Series".  The Foundation awards grants to various civic and environmental causes in Texas. Both charitable foundations are major forces in health care, education, historic preservation, and the arts. 1322 Space Park Drive, Suite A248 Houston, Texas 77058 across from NASA and the Johnson Space Center, Brothers Face Off in Massive Galveston Lawsuit. Moody was also the grandson of insurance and financial tycoon William Lewis Moody Jr. The board members and company have hired superstar level defense counsel who have come out swinging in their defense.  Today the Moody Foundation has grown into a $1.197 billion USD charitable foundation, making grants throughout the state of Texas.. Moody had entered the insurance business in 1905 by helping to organize the American National Insurance Company. At Rice University, one of the endowed chairs is for the W. L. Moody Jr. The suit claims that Ross Moody, while President of the company, decided to dramatically increase the company’s sales of life insurance policies to citizens of Brazil. In 1923 Moody purchased the Galveston Daily News, the oldest newspaper in Texas, from Alfred H. Belo. Northen continued the work of the Moody Foundation, which W. L. Jr. established “to benefit in perpetuity present and future generations of Texans.”. Moody married Libbie Rice Shearn of Houston at Hull, Massachusetts, on August 26, 1890. Later, the family acquired the National Bank of Texas, which became the W. L. Moody Bank. 3, 1951-1960. Robert L Moody Net Worth ... Robert's mailing address filed with the SEC is ONE MOODY PLAZA, , GALVESTON, TX, 77550. The estimated Net Worth of Robert L Moody is at least $204 Million dollars as of 4 December 2018. Additionally, on November 12, 2019, the foundation announced a $100 million donation to Southern Methodist University to establish the Moody School of Graduate and Advanced Studies. The House of Moody (publication of the Moody Club, Galveston), 1954. On average, National Western Life executives and independent directors trade stock every 16 days with the average trade being worth of $154,088. "Moody Foundation Invests $50 Million in UT Austin College of Communication", https://en.wikipedia.org/w/index.php?title=William_Lewis_Moody_Jr.&oldid=984942768, Creative Commons Attribution-ShareAlike License, This page was last edited on 23 October 2020, at 00:57. “Moody, William Lewis, Jr.,” The Moodys understood they were only as good as their name, and instilled this lesson to their children. Font size: He was heir to a financial empire as well as a convicted felon and originator of the Moody Gardens resort complex.
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