Friday, February 24, 2006

Boone Pickens

So T. Boone Pickens donated a SHITTON of money (165 MILLION) to oklahoma state university (their golf program) so he got to write it off as a charitable contribution on his taxes.... well turns out the money spent less than an hour on the charities accounts before the charity invested all of the money right back in a hedge fund that is controlled by Pickens... so basically he just invested more in his own hedge fund... got a tax write off and gets to charge the charity some fees for managing the money... it's FUCKING GENIUS!!!!! god i love capitalism... totally legal!

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