Hunt brothers ignore congressional subpoena

April 30, 1980

The billionaire Hunt brothers ignored a subpoena Tuesday and refused to appear before a House subcommittee investigating last month's silver-market panic, claiming they are "busy people" and not "professional witnesses." The refusal by W. Herbert and Nelson Bunker Hunt of Dallas prompted a 6-to-0 vote by the subcommittee to recommend a contempt-of-Congress citation, which, if passed, carries a penalty of up $1,000 and 12 months in jail.