Description

The Billionaire Boys Club, or BBC, was an investing and social club organized by Joseph Henry Hunt born Joseph Henry Gamsky in Southern California between 1983 and 1989. It was originally simply named "BBC", the initials of Bombay Bicycle Club, a restaurant Hunt had frequented as a young man in Chicago.The "get rich quick" schemes the group offered to clients added up to what was essentially one big Ponzi scheme. The club enticed the sons of wealthy families from the Harvard School for Boys (now Harvard-Westlake School; not affiliated with Harvard University) in the Los Angeles area with get-rich-quick schemes. Due to the reputation of the organization for being composed of young, inexperienced men from moneyed families, it was jokingly referred to as the "Billionaire Boys' Club". Hunt himself came from a single-parent family in the lower-middle-class suburb of Van Nuys, and was able to attend the Harvard School only with the help of scholarships.

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