The family trip to Mormon-land went about as well as could be expected.Īs his dad became embroiled in yet more litigation, Bilzerian arrived at school one day with an M16 machine gun in the boot of his car. After that, the family moved more than 2,000 miles northwest to Utah, where Bilzerian Sr, out on parole, bought a new company. With his dad behind bars, Bilzerian faced ridicule from his classmates, and he began to show his own contempt for authority, getting expelled from two schools in one year, and ending up in a military academy under the care of drill instructors. The judge in the case said that the "lure of money" had caused Bilzerian Sr "to lose. In a case beyond a primary schooler's understanding, Bilzerian Sr had been found guilty on nine counts of stock and tax fraud, mostly related to a classic pump-and-dump operation that involved "parking" investments in public companies, staging hostile takeover bids, then offloading the investments as the share prices rocketed. That's when his dad broke the news: he was going to prison. When Bilzerian Sr did finally spend some time with his son, it was to drive him to school one day just after he'd turned ten years old.Īs the car pulled up to the gates, however, the young Bilzerian realised something was wrong. Read more: The Dos and Don'ts for the Rich Kids of Instagram
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