Rich man who has sex with daughter silences media

David Bruce McMahan is a philanthropist and financier who has supported initiatives to help the disabled internationally, the arts and land conservation. According to federal courthouse in Miami (via VillageVoice), he also has had an incestuous relationship with his daughter, Linda, who is now suing him.

Over the years, as a high-flying financial player at places like Bear Stearns and then later managing your own hedge fund, you had not only amassed a fortune, but you had reproduced prodigiously, having six children by three different women, and then marrying a fourth. Then, in 1990, there was that great shock: You learned about Linda. Gorgeous, talented, eager-to-meet-you and all-grown-up Linda.

His daughter Linda tells the seduction story in a video by she was almost finished with a PhD in psychology when she visited her father’s Westchester County estate. Linda claimed that her father David Bruce McMahan told her he believed they’d been married in a previous life and her legs were a “very sexy version” of his own.

The pair reportedly purchased matching diIdos and exchanged an email:

“I unpacked the toys and checked them out. The thing excites me just looking at it. I promise you have never seen anything like it. Interestingly ‘it’ is actually smaller than I am! But what moves! I should have been so lucky. They are now packed into their own bag and I am going to make sure we have enough AA batteries to last for the duration.” (Source: Village Voice)

Later in 2004 Linda testified her father wanted to cut Sargent Schutt, her legal husband, out of the picture. Bruce McMahan then brought his daughter to Westminster Abbey to exchange vows. Bruce McMahan was married at that time to Elena, his fifth wife who suspected him of incestuous behavior. So Bruce McMahan asked her daughter to file a sworn statement denying the incest. Linda refuses and multiple lawsuits were exchanged.

VillageVoice continues that David Bruce McMahan tried to silence the media and engaged a PR firm to clean up his Wikipedia page and even changed his name.

With just days to go before our story was to be published, you wrote checks for millions of dollars to settle all of the lawsuits and get them sealed from public view as quickly as you could. (You also hired an L.A. public relations firm in an attempt to intimidate us, and even tried to haul us into court to have legal materials pulled down from the website, but we don’t scare easy, bub.)

The New York Post, God bless ’em, did put together a righteous write-up of its own, relying on our reporting, but then the Post had at least one reporter who knew all about you, and convinced editors there that you were every bit the scumbag our story made you out to be.

If the Times stayed silent, newspapers and magazines from Greece to Australia inundated us with requests for the Westminster Abbey photos and other documents.

(Looks like you’ve also changed your name, slightly. Born David Bruce McMahan, you went by D. Bruce McMahan until we wrote about you. Now you’re David B. McMahan, apparently.)

That couldn’t be more obvious seeing how much money you spent scrubbing Wikipedia. For months after our original story came out, you had your goons launch daily attacks at the website, using sock puppets and other methods to intimidate the online encyclopedia into removing any mention of what was in our stories. Today, there’s no page at all. As far as Wikipedia is concerned, you don’t even exist.

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Bill Gates bounces back to being world #1 richest

Forbes 2009 billionaire list is out and Bill Gates regains title as the world’s richest man despite losing USD18 billion in the past 12 months. Gates is now worth USD40 billion. Well, the other fellows lost something like USD25 billion so Gates is top again. Warren Buffet’s (2nd richest) Berkshire Hathaway is down 45% since last March. For Carlos Slim Helu & family, net worth dropped to USD35 billion.

In Pictures: The 2009 Billionaire List

Software visionary regains title as the world’s richest man despite losing $18 billion in the past 12 months. Stepped down from day-to-day duties at Microsoft last summer to devote his talents and riches to the Bill & Melinda Gates Foundation. Organization’s assets were $30 billion in January; annual letter lauds endowment manager Michael Larson for limiting last year’s losses to 20%. Gates decided to increase donations in 2009 to $3.8 billion, up 15% from 2008. Dedicated to fighting hunger in developing countries, improving education in America’s high schools and developing vaccines against malaria, tuberculosis and AIDS. Appointed Microsoft Office veteran Jeffrey Raikes chief exec of Gates Foundation in September. Gates remains Microsoft chairman. Sells shares each quarter, redeploys proceeds via investment vehicle Cascade; more than half of fortune invested outside Microsoft. Stock down 45% in past 12 months. “Creative capitalist” wants companies to match profitmaking with doing good. (Source: Forbes)

Well, that is still a lot of money. I’m rank #239025921 in the world with $20 in my wallet right now.

Why a millionaire needs a bank loan?

A forwarded joke today:

Why a millionaire needs a bank loan? A lesson in creativity.

A Chinese walks into a bank in New York City and asks for the loan officer.

He tells the loan officer that he is going to Taiwan on business for two weeks and needs to borrow $5,000. The bank officer tells him that the bank will need some form of security for the loan, so the Chinese hands over the keys to a new Ferrari parked on the street in front of the bank.

He produces the title and everything checked out.The loan officer agrees to accept the car as collateral for the loan.

The bank’s president and its officers all enjoy a good laugh at the Chinese for using a $250,000 Ferrari as collateral against a $5,000 loan..

An employee of the bank then drives the Ferrari into the bank’s underground garage and parks it there.

Two weeks later, the Chinese returns, repays the $5,000 and the interest, which comes to $15.41. The loan officer says,

‘Sir, we are very happy to have had your business, and this transaction has worked out very nicely, but we are a little puzzled. While you were away,we checked you out and found that you are a multimillionaire. What puzzles us is, why would you bother to borrow $5,000?’

The Chinese replies: ‘Where else in New York City can I park my car for two weeks for only $15.41 and expect it to be there when I return?’