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Hunt described himself simply as administrator. It was a concept of enormous appeal for the young men who began to meet regularly during the spring of , all in their early twenties, the sons of men whose money and influence they could hope to inherit, but never surpass. Among the first twelve recruits were Evan Dicker, whose father was senior partner in the Beverly Hills law firm of Dicker and Dicker, and Alex Gaon, whose father had founded Chemin de Fer, the blue-jeans manufacturer, and whose grandfather serves as president of the World Sephardi Federation.
Tom and Dave had grown into a pair of lanky lady-killers, outrageously good-looking but regarded as not terribly bright. It was the May brothers, though, who were, in many ways, the making of the BBC. Tom and Dave sported complicated but thoroughly impressive pedigrees. Their mother, a bit player in television during the late s, had given birth to the twins after an affair with actor Ty Hardin, who had his own series at the time, a horse opera called Bronco.
When they were two, their mother had married David May II, who controlled a vast real estate empire accrued from the formerly family-owned May Company department-store chain that made him one of the wealthiest men on the West Coast.
Though he had married several times, the elder May was without children of his own; he not only adopted the twins, but made them his heirs, maintaining the paternal relationship even after their mother divorced him and remarried. The boys drove classy cars, drew a large monthly allowance, and kept an apartment in Brentwood where they entertained a harem of girls every summer. As they advanced into their twenties, though, the good times were wearing a little thin, and the boys felt mounting pressure to prove their range of interests extended beyond fast cars and girls in string bikinis.
Following washouts at USC and Colorado, the Mays had invested in a beach-front nightclub that would be bankrupt within a year. He was thirteen years old then and his name was Joseph Gamsky.
Already over six feet tall, Gamsky was a comical figure, a stalk-skinny boy with a pale face, a Prince Valiant hairdo, and a trickle of beauty marks along the right corner of his mouth. He ran for office but was never elected to anything.
Other students remembered him as an A student who read the Congressional Record at lunch. Gamsky had entered the prep school on a scholarship, one of the few poor boys on the twenty-three-acre campus.
His classmates were the sons of the wealthiest and most powerful families in southern California, students who had been sent to the Harvard School as much to introduce them to the social network of the ruling class as to take advantage of the college-level curriculum. For as far back as Los Angeles could claim tradition, the Harvard School had been its bastion.
By the mids Harvard was posting numbers for National Merit Scholars and college-board scores that surpassed any other West Coast high school and rivaled those of the best eastern boarding schools.
Yet the school remained that rare L. His father, Lawrence Gamsky, was a storefront psychologist who rode a motorcycle and insisted that his son address him by first name only. At the Harvard School, debate was the most popular and competitive sport on campus.
Or Ben Dosti, swarthy and athletic, whose mother, Rose, food writer at the Los Angeles Times , had taught him to appreciate the finer things: by the time he was thirteen, Ben had his own tailored tuxedo and could read a wine list or The Wall Street Journal with equal facility. After school, when more popular and fortunate classmates like the Mays and their buddy Steve Taglianetti drove convertibles home to Beverly Hills, Gamsky rode a bus out to the smoggy, sunburnt rim of the San Fernando Valley, within walking distance of the tiny tract house where he spent three hours at night reading the dictionary.
During his junior year, though, Joe lost even his status as a star debater, dismissed from the team by coach Ted Woods for falsifying evidence during a tournament. His response was an unsuccessful drive to impeach the speech-squad captain. At graduation, each member of the senior class was given one full page in the Harvard School yearbook. The eternal silence, which would be great for anyone to have, is there. Joe had grown to six feet four inches and sounded like a young man who had taken some long strides since Harvard.
He had passed the C. Two months before his twentieth birthday, he went to work full-time as a junior accountant in the Arco Tower downtown, but had discovered almost immediately that the corporate world stifled capable people.
His superiors actually resented talent and initiative, stooping to all sorts of petty intrigues against him. He lasted only six months before resigning to trade on the commodities market.
Joe treated Dean and Ben to a movie that night and met them again the next afternoon. Shalom Karny was a Holocaust survivor who had made a fortune as a real estate developer in Los Angeles, and he appreciated the spirit of enterprise that young Joe Gamsky was cultivating in his Dean. I am convinced that he cannot distinguish truth from fiction. That fall Joe announced that he had been offered an opportunity to lease a seat on the floor of the Chicago Mercantile Exchange.
You are not interested in weather. You have a pure, smooth, psychological phenomenon. He seems so believable and exerts such charm that until you start to take the thing apart, he gets a lot of people sympathetic to him.
Haggard and homeless, Joe continued to talk in ten figures, but came back to L. Dean had started classes at the Whittier School of Law and was living rent-free in an Encino condominium owned by his father. Joe was already planning to regain a trading position. Before he left Chicago, he changed his last name. One began by freeing oneself of concepts like good and bad, true and false.
It was like the ability to debate an issue from either side. Those who dwelled in the gray areas Joe called Shadings. Three months later, Joe was marketing options on the machine—renamed Cyclotron—to investors in six western states through a BBC subsidiary called Microgenesis of North America Inc.
Within weeks, Joe not only set up West Cars of North America, but provided the company with more than a quarter-million dollars in assets by persuading other BBC members to sign over their own cars as collateral.
The young executives were ensconced in a suite of offices in West Hollywood, taking an entire floor of an office building on Third Street. The Browns brought in more investors. He could cover himself in the short run, Hunt explained, by paying off early trading partners with the money being brought in by newer investors.
T, and a young Saudi prince who sent the bellboys scurrying every time he opened his front door, hoping to catch one of the hundred-dollar tips he handed out. Young and blond, Brooke styled herself as a sort of pastel punker. Her story was that she despised her father, movie producer Bobby Roberts—cofounder of Dunhill Records and former personal manager for Richard Pryor and Ann-Margret—who was president of Lorimar Records at the time.
She wanted to be an actress, Brooke said, but Bobby Roberts had forbidden his daughter any involvement in show business. Most memorable, according to a BBC member, was the time she painted her entire body with watercolors, spread a huge sheet of art paper on the floor, pressed herself against it in a series of postures that looked as if they had been lifted from the Kama Sutra, and wrote I LOVE YOU, JOE in one corner.
Joe, Brooke, and the boys became the shock troops of L. Dosti and Lopez took the others shopping for clothes on Rodeo Drive, and it became part of the BBC code that no member should appear in public unless he wore a suit and tie.
Jim Pittman was a black bodyguard who carried pounds on a five-foot-eight-inch frame, with muscles that shifted like a nest of pythons under his starched white shirts. He had grown up in a Pentecostal congregation, married young, and started a successful cleaning service back in Hampton Beach, Virginia, where he yearned for a more glamorous line of work.
He had come to California early in with a fifty-two-inch chest and the idea that there would be people out west who would appreciate his special talents. Karny met Jim first, working security at a party in the Manning. After Pittman boasted that he had survived eighty-seven consecutive karate tournaments without a loss, Dean introduced him to Joe. Within weeks Hunt had fabricated a gangster mystique for Pittman, reinventing him as a Penn State all-American who had run back kicks for the Baltimore Colts, then gone to work for the mob as an enforcer.
When the BBC gathered now for meetings at the Manning, Jim sat off to one side, fondling automatic pistols with screw-on silencers, voice-activated microphones, heat-sensitive alarms—and his favorite toy, a single-shot pistol built into a ball-point pen. Perhaps the most stunning came on Halloween Day, , when he went to San Juan Capistrano to address the stockholders of an energy company called Cogenco Systems.
They actually cheered. The money became a river now. Parking beside a fire hydrant one afternoon, Joe remarked that it was cheaper to pay a ticket than to waste his valuable time looking for a legal space.
As one of his new duties, Pittman went to the bank with Hunt several times a week, riding shotgun in the black Jeep Joe drove when he wished to remain inconspicuous. He knew. It was probably inevitable that someone would bring his attention to Ronald G. Levin of Beverly Hills. Yet it seemed to those who watched them together that it was the scoundrel in Levin that truly intrigued Joe. Ron regarded the swindle as an art form and loved to boast of his accomplishments.
Levin, forty-two, liked to introduce his black maid Blanche Sturkey and her husband Christopher as devoted family retainers whom he had inherited from his grandmother. In truth, he had met the couple for the first time two years earlier, shortly after the Sturkeys moved to Los Angeles from Detroit.
Blanche, a retired schoolteacher, had been introduced to Ron at a private party where her husband was working as a bartender. Oliver Wendell Holmes Jr. Tall and slender and always expensively dressed, Levin had fine silver hair, an immaculate white beard, a smile that was an affront to some, irresistible to others.
Levin loved to entertain and had dozens of close companions. A homosexual, he traveled with a retinue of young men, but his longtime friends included Muhammad Ali, who often visited the house on Peck Drive with his wife, Veronica, and flew Ron to several of his fights. He liked to be around celebrities and cultivated them assiduously. For young Joe Hunt, Levin would remain a figure who not only fascinated, but also frustrated him.
They shared a disdain for drugs, though Joe carried his brand of puritanism several steps further, refusing alcohol, sugar, and caffeine as well, insisting he would never touch anything that might diminish his intellectual abilities.
He began by contracting with independent L. Network News already had arrangements with Merrill Lynch and PaineWebber, Levin said, but needed one other brokerage house for a segment that would be focused on an outside trading adviser, a young man named Joe Hunt.
He wanted to film the trading process as it happened, Levin explained, and the documentary should have a dramatic feel. It was important that the subject, Mr. Hunt, behave as if he were trading real money. So they would have to employ a little harmless deception. Joe played the commodities market the same way he played the pinball machines in his favorite dark corner at the Hard Rock Cafe, occasionally reaching a new record total, but more often bashing the machines into tilt.
For Joe Hunt, it was the opportunity to prove his trading theories on the sort of scale he had always dreamed of. Storyline Edit. His partners claim they didn't know about the means. Joe Hunt is smart enough to convince his rich friends he's a genius Add content advisory. Did you know Edit. Trivia According to crime author Rachel Pergament, this is the movie that brothers Eric and Lyle Menendez were watching on TV when they conceived the idea of murdering their father, producer and entrepreneur Jose Menendez, and their mother, Kitty Menendez.
As with their crime, central figure Joe Hunt was convicted of killing the father of one of his business associates, and, like the Menendez brothers, he was ultimately sentenced to life without parole.
But the list, which is seen on camera, is a little different than the way Karny recites it. User reviews 9 Review. Top review. One of the best TV movies. This is a well told, mesmerizing true life docudrama.
Even if you know how the story goes, it is told in such an interesting and exciting manner. Judd Nelson is terrific as Joe Hunt, making you believe that he is a good person even if the facts suggest otherwise. He says at one point that "all he ever wanted to do was make money, for everybody.
Ron Silver does a great job in the small but critical Ron Levin role. I recommend the film for fans of courtroom dramas and murder mysteries. Details Edit. Release date November 8, United States. United States. His sentence was later reduced to two years for cooperating with testimony against his former colleagues and for good behavior. In February , the SEC announced that they were investigating whether Milken violated his lifetime ban from the securities industry. The investigation revolved around Milken allegedly providing investment advice through Guggenheim Partners.
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