“R” is for Ravenel, Charles Dufort (1938-2017)
“R” is for Ravenel, Charles Dufort (1938-2017). Politician, businessman. A native of Charleston, Charles “Pug” Ravenel was a graduate of Harvard and Harvard Business School. After a career on Wall Street, he returned to Charleston and established a merchant-banking firm. In 1974 he won the Democratic Party’s nomination for governor on a platform emphasizing a new South Carolina. The state Supreme Court ruled that he did not meet South Carolina’s residency requirements and he was off the ballot. Ravenel made runs for several other offices, but in 1981 withdrew from political life for a career combining public service and banking. In 1996 he pleaded guilty to bank fraud conspiracy and was sentenced to federal prison. Following completion of his sentence, Charles Dufort Ravenel returned to Charleston, where he continued his work in the community and real estate.