Paul Alec Bilzerian is an American businessman, corporate takeover specialist, and convicted felon. He served a 13-month prison sentence and was also ordered to disgorge his profits, leading him to bankruptcy and a 30-year legal battle with the Securities and Exchange Commission. He has two sons, Adam and Dan, who went on to careers as professional poker players.
About Paul Bilzerian in brief
Paul Alec Bilzerian is an American businessman, corporate takeover specialist, and convicted felon. Convicted of failing to make complete and timely disclosures on Schedule 13 filings related to unsuccessful takeover attempts of Cluett, Peabody and Company and Hammermill Paper Company in the 1980s. He served a 13-month prison sentence and was also ordered to disgorge his profits, leading him to bankruptcy and a 30-year legal battle with the Securities and Exchange Commission. In 2019, he renounced his American citizenship in protest of what he claims has been \”a long and disappointing experience in the federal judicial system that has been consistently unjust and shown little regard for the law or the truth\”. He was born in Miami, Florida, but grew up in Worcester, Massachusetts. His father, a civil servant, and his mother later divorced, leading to troubled teenage years. He went to college and earned a Bachelor of Arts with Honors in Political Science and graduated With Distinction from Stanford University in 1975. He was unsure about his choice to attend, having passed on offers of admissions to several law schools to enroll at HBS. After his graduation, he married Stanford classmate Terri Steffen in 1978, and moved with her to St. Petersburg, Florida. He has two sons, Adam and Dan, who went on to careers as professional poker players; Norman Chad nicknamed them the \”Flying Bilzeria Brothers\” for their performance in the 2009 World Series of Poker.
Adam also wrote a book about his experiences, which the Midwest Book Review’s Small Press Bookwatch reviewed favorably as \”a well-versed list of grievances with the powers that be in America, making for an intriguing read through and through\”. Dan has gone on to become an international celebrity with 50 million followers on social media, and is the Chairman of Ignite International, a public company traded on the Canadian Stock Exchange. In 2007, he moved to Saint Kitts and Nevis in 2007 and became a citizen there, relinquishing his U.S. citizenship in the process. He also processed a citizenship-by-investment application for Bitcoin investor Roger Ver, and that the two men had co-launched a website through which customers could use Bitcoins to pay for the fees and the real estate purchase in the program. In June 2014, Bloomberg News reported that he had become one of the licensed service providers who processed applications for the same citizenship-By-Investment program which his son had used. In October 2014, he accepted a competing offer by West Point for the remaining 76% share of ClUett, Peabody & Company, and raised his share of the bid by 41% to 41 USD per share for West Point Point Point. The government of West Point responded in a statement the following week that Bitcoin was not an acceptable payment method for participation in the citizenship-by investment program. He is the father of two young men, Adam Bilzeri and Dan Bilzeris.
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This page is based on the article Paul Bilzerian published in Wikipedia (as of Dec. 05, 2020) and was automatically summarized using artificial intelligence.
