Jump to content

Billionaire Boys Club

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Ljoycew (talk | contribs) at 22:49, 10 October 2018 (→The "Ron Levin is alive" theory: added Los Angeles Times link as reference.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

This article is about the investing and social club run as a Ponzi scheme. For other uses, see Billionaire Boys Club (disambiguation).

The Billionaire Boys Club was an investing and social club organized in 1983 by Joseph Henry Hunt (born Joseph Henry Gamsky until his father changed the family's surname to Hunt)[1] in Southern California. It was originally simply named "BBC," the initials of Bombay Bicycle Club, a restaurant Hunt had frequented as a young man in Chicago.[2]

The club enticed the sons of wealthy families from the Harvard School for Boys (now Harvard-Westlake School) in the Los Angeles area with get-rich-quick schemes. Given their inexperience and difficulty proving themselves in legitimate businesses, an organization like the BBC proved attractive to these boys. Due to the reputation of the organization for being composed of young, inexperienced boys from moneyed families, it was jokingly referred to as the "Billionaire Boys' Club".[3] Yet Hunt himself came from a broken home and a single-parent family that lived in the lower-middle-class suburb of Van Nuys, and was able to attend the Harvard School only with the help of scholarships.

The story was recounted in two films, one in 1987 and another in 2018.

Crime

The organization was run as a Ponzi scheme,[4][5][6][7][8] and money contributed by investors was spent on supporting lavish lifestyles for young members of the club. After funds ran short in 1984, club members found themselves accused of murdering two men: Hedayat Eslaminia, and Ron Levin.

When authorities began to investigate the murders, Dean Karny, the club's second-in-command and Hunt's best friend, turned state's evidence on both murders in return for immunity from prosecution on three different felony charges in exchange for testimony.

Hunt and club security director Jim Pittman were charged with the murder of Levin, a con artist who had allegedly swindled the BBC out of over $4 million. But Levin's body was never found, and Hunt maintains that Levin, who was under criminal investigation and out on bail at the time of his disappearance, instead fled the country to escape prosecution.

BBC members Hunt, Pittman, Karny (before his immunity deal), Arben Dosti, and Reza Eslaminia were charged with the murder of Eslaminia, Reza's father, allegedly to acquire his fortune which was reputed to be $35 million (the senior Eslamina was, in fact, nearly penniless).

Trials and convictions

In 1987, Hunt was found guilty, in a Southern California Court, of the 1984 murder of Ron Levin and sentenced to life in prison without possibility of parole.

Pittman was unable to make his $500,000 bail ($1.5 million today), so he was kept incarcerated through two Southern California trials for his active role in the murder of Levin. Both ended in hung juries. In 1988, before a third trial, prosecutors offered Pittman a deal, whereby he pleaded guilty to being an accessory to murder after the fact and possession of a concealed weapon, and was sentenced to time served, being the 3 1/2 years he was incarcerated since his 1984 arrest.

The trials for the murder of Hedayat Eslaminia were held in Northern California. With the testimony of accomplice Karny, both Dosti and Reza Eslaminia were convicted and sentenced to life imprisonment without parole.

Hunt and Pitman’s trials for murdering Levin had delayed their trials for murdering Eslaminia, with other pre-trial motions pushing Hunt’s Northern California trial to 1992. Hunt acted as his own attorney during this trial and contended that star witness Karny had killed Eslaminia. The result was a hung jury, 8–4, in favor of Hunt's acquittal. Joe Hunt is the only person in California's legal history to represent himself in a capital case and not receive the death penalty. When prosecutors realized they likely could not convict Hunt nor Pittman, and satisfied that Hunt already had a life sentence in the Levin murder, they dismissed all charges against Hunt and Pittman regarding the murder of Eslaminia.

Subsequent events

On May 20, 1993, a few months after all charges were dropped against him in the Eslaminia case, Pittman admitted on the television program A Current Affair to have participated in the Levin murder, confessing that he was the one who shot Levin and bragging that he was now untouchable in court due to the restriction on double jeopardy.[9] Pittman, granted only time served in two murders, died of kidney failure in 1997, age 44.

The convictions of Dosti and Reza Eslaminia were later overturned.

During his trial for the murder of Levin, Hunt’s defense attorney presented two witnesses, Carmen Canchola and Jesus Lopez, who testified that they saw him after his alleged murder, in September, 1986 at a gas station in Tucson, AZ. Canchola and Lopez identifed pictures of Levin from multiple photographic lineups as the same man they had seen at the gas station. [10] The jury was not persuaded by these sightings and found Hunt guilty in 1987.

On the basis of multiple witness statements that Levin had been seen alive, and claims of ineffective assistance of counsel[11] and judicial misconduct[12], Hunt sought to have his murder conviction overturned and get a new trial.

The "Ron Levin is alive" theory

Hunt maintains that Levin's con artistry extends to having faked his own death, as no body was found in the case[13]. At the time of his disappearance, Levin was free on bail and awaiting trial, and Hunt's defense team argued that Levin left the country to escape a pending FBI investigation into his financial misdeeds.

After Hunt's conviction, numerous witnesses came forward stating that they had seen Ron Levin alive in various locations around the planet in 1986 and 1987, including Greece and Los Angeles.[14]

One witness, Nadia Ghaleb, who was acquainted with Levin, testified that she saw him getting into a car on San Vicente Boulevard in West Los Angeles. [15] Another, Ivan Werner, who worked as a funeral director at Pierce Brothers Funeral Home in Westwood, testified that he saw Levin attending a funeral.[16]

In his appeal, Hunt's defense counsel argued that key facts were withheld from jurors during his original trial for Levin's murder[17]. These include Levin's "habit of writing large, worthless checks," his conversations with witnesses about plans to leave for New York or for Granada, Spain, and a conversation with another witness requesting advice on how to dye his hair. Defense attorneys also pointed out that Levin had restructured his already-made bail arrangements to release his parents from liability, and asked one witness for information about Brazilian extradition treaties. There was also a purchase made using Levin's American Express card on the day after the murder was though to have taken place, of fresh underwear from the Brooks Brothers store in Los Angeles, where Levin was known to shop.

Hunt's family has offered a $100,000 reward for evidence of Levin's whereabouts after June 6, 1984[18].

Hunt's attempts to appeal his conviction

Hunt's direct appeal was denied on July 12, 1996.[19] However, in a federal habeas proceeding in 2004, Hunt's continuing effort to have his murder conviction overturned was revived, as the Ninth Circuit reversed a dismissal of his habeas petition.[20] But this appeal, too, was ultimately unsuccessful.

In June 2016, the Ninth Circuit affirmed the Central District of California's denial of Hunt's habeas corpus petition. In its affirmance, the court noted that "fairminded jurists could disagree" as to whether Hunt's trial lawyer was ineffective in his defense of Hunt, but cited the Antiterrorism and Effective Death Penalty Act of 1996's "doubly deferential lens" in its refusal to overturn the Central District's decision[21].

In January 2018, Hunt filed an application for commutation (law) of his sentence, which would change it from life without possibility of parole to an indeterminate life term, which would give Hunt the opportunity to prove his rehabilitation before a parole board[22].

The petition notes that in prison, Hunt "is a different person: a chapel assistant and law clerk," and "a voice for nonviolence." The petition also describes Hunt's in-custody record of conduct as "exceptional" and details his founding and facilitation of a mens' spiritual group at the California State Prison in Sacramento where Hunt was imprisoned until 2012.

In September 2018, Hunt's family and friends launched the website FreeJoeHunt.com in support of his release.[23]

In 1987, NBC aired a miniseries based on the story of the Billionaire Boys Club, starring Judd Nelson as Joe Hunt, Brian McNamara as Dean Karny, and Ron Silver as Ron Levin. Hunt was the basis for Philip Swann, a character in the Law & Order Season 4 episode "American Dream," which was subsequently adapted into the Law & Order: UK episode, "Unsafe". The Billionaire Boys Club is also the topic of two books: The Billionaire Boys Club by Sue Horton and The Price of Experience by Randall Sullivan. The murders are also the subject of the song "Things to Do Today" by Chicago band Big Black.

On July 17, 2002, TruTV aired an episode of Dominick Dunne's Power, Privilege and Justice entitled "Billionaire Boys Club", presented by author Dominick Dunne, which summarized the events surrounding the "club" and the kidnapping, murders, and trials. Investigation Discovery's Behind Mansion Walls revisited the case in the 2011 episode "Fatal Greed."

A feature film titled Billionaire Boys Club starring Ansel Elgort as Joe Hunt, Taron Egerton as Dean Karny, and Kevin Spacey as Ron Levin was released in 2018.[24][25][26] The film debuted to a dismal opening night, grossing a meager $126.00, mainly due to the involvement of Spacey.[27][28][29] Judd Nelson, who played Hunt in the 1987 miniseries, played the father of Joe Hunt.[30]

See also

References

  1. ^ Shaw, Daniel; Shaw, Daniel (7 February 1987). "SAGA OF FAST-TRACK GROUP TOLD AT TRIAL" – via washingtonpost.com.
  2. ^ Dominick Dunne's Power, Privilege, and Justice – Episode "Billionaire Boys Club"
  3. ^ "truTV Official Website - TV Show Full Episodes and Funny Video Clips".
  4. ^ "BREAKING NEWS: 'Billionaire Boys Club' Attorney In Michigan Ponzi Scheme Case Indicted In North Carolina For Running His Own Securities Scheme".
  5. ^ Kit, Zorianna (14 October 2010). "James Cox to direct 'Billionaire Boys Club'". The Hollywood Reporter.
  6. ^ "Alleged Ponzi Artist Faces Contempt Charge". United Press International. 2009-09-19.
  7. ^ Waggoner, John (2009-10-02). "Madoff's gone but Ponzis go on; There's a schemer like him born every minute". USA Today.
  8. ^ Lerner, Michael (1986-11-17). "The Billionaire Boys Club Goes on Trial for Murder". Newsweek.
  9. ^ Boxall, Bettina (1993-05-21). "Billionaire Boys Club Bodyguard Admits Slaying in TV Interview". Los Angeles Times.
  10. ^ ""Ninth Circuit Appeal, Excerpts of the Record, Vol I", PDF at Free Joe Hunt.com" (PDF).
  11. ^ https://law.justia.com/cases/federal/appellate-courts/ca9/13-56207/13-56207-2016-06-10.html
  12. ^ http://articles.latimes.com/1987-04-13/local/me-557_1_superior-court
  13. ^ http://articles.latimes.com/1996-07-12/local/me-23472_1_dead-or-alive
  14. ^ "Herald-Journal (Associated Press story), "Levin Sightings Cast Doubt on Boys' Club Murder, May 2, 1996" PDF at Google Books".
  15. ^ http://freejoehunt.com/wp-content/uploads/2018/09/Ninth-Circuit-appeal-Excerpts-of-Record-vol-I.pdf#page=81
  16. ^ http://freejoehunt.com/wp-content/uploads/2018/09/Ninth-Circuit-appeal-Excerpts-of-Record-vol-I.pdf#page=80
  17. ^ https://freejoehunt.com/wp-content/uploads/2018/09/findings.mtn_.pdf#14
  18. ^ https://freejoehunt.com/reward/
  19. ^ "Los Angeles Times, "Billionaire Boys Club Leader Denied New Trial" July 13, 1996".
  20. ^ https://www.leagle.com/decision/20031175336f3d83911068
  21. ^ https://law.justia.com/cases/federal/appellate-courts/ca9/13-56207/13-56207-2016-06-10.html
  22. ^ https://freejoehunt.com/wp-content/uploads/2018/09/LEGAL-ODYSSEY_-Commutation-Application-JAN-2018.pdf
  23. ^ "Twitter Announcement from @FreeJoeHunt".
  24. ^ Ford, Rebecca; Kit, Borys (October 29, 2015). "Ansel Elgort, Taron Egerton to Star in 'Billionaire Boys Club'". hollywoodreporter.com. Retrieved December 11, 2015.
  25. ^ McNary, Dave (October 29, 2015). "Ansel Elgort, Taron Egerton Starring in 'Billionaire Boys Club' Movie (EXCLUSIVE)". variety.com. Retrieved December 11, 2015.
  26. ^ Fleming Jr, Mike (November 3, 2015). "Kevin Spacey Joining 'Baby Driver' & 'Billionaire Boys Club'". deadline.com. Retrieved December 11, 2015.
  27. ^ https://www.theguardian.com/culture/2018/aug/19/kevin-spacey-film-flops-us-box-office-billionaire-boys-club
  28. ^ https://www.washingtonpost.com/news/arts-and-entertainment/wp/2018/08/19/after-metoo-kevin-spacey-movie-billionaire-boys-club-earns-126-on-opening-day/?utm_term=.7cead67ea29d
  29. ^ http://www.foxnews.com/entertainment/2018/08/19/kevin-spaceys-new-film-billionaire-boys-club-opens-to-incredibly-low-126-following-sexual-misconduct-allegations.html
  30. ^ McNary, Dave (December 5, 2015). "Judd Nelson Returns for 'Billionaire Boys Club' Remake (EXCLUSIVE)". variety.com. Retrieved December 11, 2015.

Books

  • Horton, Sue. The Billionaire Boys Club. New York: St. Martin's Paperbacks, 1990.
  • Sullivan, Randall. The Price of Experience: Money, Power, Image, and Murder in Los Angeles. New York: Atlantic Monthly Press, 1996.
  • Hunt, Joseph & Adams, Alan. "Blue Dharma". Blue Dharma Press, 2008.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Billionaire_Boys_Club&oldid=863463408"