Pelosi Found Guilty for Murder of Ted Ammon
RIVERHEAD, NY—The eight-week trial of Daniel Pelosi ended in a guilty verdict for the 2001 murder of Theodore R. "Ted" Ammon, the former non-executive chairman of then-Moore Corp.
The jury found Pelosi guilty of second-degree murder, having been convinced he was after Ammon's estimated $80 million fortune, the New York Times reported.
Pelosi, a Long Island electrician, was portrayed as a hardscrabble thug who engaged in a romantic affair with Ammon's estranged wife, Generosa, according to the Times. He and Generosa Ammon were married three months after the October 2001 slaying of her ex-husband. The stormy relationship between Pelosi and Ammon didn't last long, and they separated. She died of breast cancer in 2003.
Ted Ammon found his way into the commercial printing world as a financier. He was a partner in the renown Manhattan private equity firm Kohlberg Kravis Roberts & Co. (KKR). He founded Big Flower/Vertis Holdings in 1992, which grew to a $1.98 billion company.
Ammon later founded and chaired Chancery Lane Capital, which purchased a 20 percent share in Toronto-based Moore Corp. with GSC Investors. The company eventually merged with Wallace Computer Services of Lisle, IL, and in 2004 joined RR Donnelley in the industry's largest-ever merger. Mark Angelson, a former business partner and close friend of Ammon, became the CEO of Donnelley.