The Billionaire Boys Club (BBC) was an investment-and-social club organized by Joseph Gamsky, also known as "Joe Hunt", in southern California in 1983. It was originally simply named "BBC"; the initials of a business named the Bombay Bicycle Club, a video arcade Gamsky had frequented in his earlier years while growing up in Chicago. The club enticed with get-rich-quick schemes the sons of wealthy families from the Harvard School for Boys (now Harvard-Westlake School) in the Los Angeles area. Because of the reputation of the organization being composed of young, inexperienced boys from moneyed families, jocose slang got around that "BBC" stood for "Billionaire Boys' Club". During his high school years, Gamsky and his brother were high-profile members of the Harvard School debate team. However, Gamsky was thrown out of the USC Summer Debate Institute in 1975 after admitting he fabricated evidence.
Read more about Billionaire Boys Club: Crime, In Popular Culture
Famous quotes containing the words boys and/or club:
“It is told that some divorcees, elated by their freedom, pause on leaving the courthouse to kiss a front pillar, or even walk to the Truckee to hurl their wedding rings into the river; but boys who recover the rings declare they are of the dime-store variety, and accuse the throwers of fraudulent practices.”
—Administration in the State of Neva, U.S. public relief program. Nevada: A Guide to the Silver State (The WPA Guide to Nevada)
“The creation of “strong-minded” women, so-called, is due to the individualism of men, to the modern selfish and speculative spirit which absorbs everything within itself and leaves women nothing but self-assertion for their protection and support.”
—“Jennie June” Croly 1829–1901, U.S. founder of the woman’s club movement, journalist, author, editor. Demorest’s Illustrated Monthly and Mirror of Fashions, p. 44 (February 1870)