bumb family san jose net worth

He also pulled off an armed robbery of the Aloha Roller Palace. "They didn't teach anything about this. And he [Jeff] wants me to violate the condition which says in it that I sign away my rights and they close us down. Soon after his confession, the word started spreading in the family about what happened. According to Werner, molestation of his daughter became part of a laundry list of damning things Jeff threatened to disclose if his buy-out demands weren't met. Just so everyone got the point, Jeff Bumb announced to the press that he and Brian were divesting from Bay 101, and records show he eventually sold his shares for $1.4 million. At one point in the investigation, sheriff's detectives had Jeff's daughter call Matthew while he was working at the Flea Market to confirm the sexual activities. "Could he [Jeff] do any other work on his own behalf?" Christopher Gardner Over the past year alone, Bumb & Associates and Bay 101 have given $56,000 to now-Attorney General Bill Lockyer, the man in charge of card-room regulation. he asked. Within weeks, Jeff says, his six-month-old dog was dead, his cat was dead and the tires of a family car were slashed. Christopher Gardner Jeff signed a deal with his brothers that prohibited him from owning Bay 101 stock until he got all the necessary licenses. George Bumb Sr.'s loan-repayment demands came in July 1996, just as his oldest son and his wife were about to move to Los Gatos and break away from the family and its eastside enclave. Privacy hasn't been so easy to come by for the Bumbs in the '90s, since they got involved in Bay 101. In a fit, he took the paper he was writing on, crumpled it up and threw it out the office door. Jeff entertained offers to buy the club, the highest bid, he recalls, coming in at $40 million. At the time, Jeff was in the midst of negotiating an arrangement to be bought out of the family businesses. ALL TOGETHER, the intrafamily litigation has spanned nearly three years. "I don't need their help," he barked at Werner. I'm on the hook for $15 million. And for nearly a month, they did. According to Jeff, there was tremendous pressure from his father and others in the family to keep the incest a secret. According to Werner, molestation of his daughter became part of a laundry list of damning things Jeff threatened to disclose if his buy-out demands weren't met. "My issue with [George Bumb Sr.]," Jeff Bumb complains about his father, "was his control of where you lived, what kind of house you bought, where your children went to school, who your friends are, whether your children went to college, who they would marry, what kind of wedding they would have." Christopher Gardner Matthew Bumb's attorney argued that the relationship was consensual. When Jeff and Brian were denied licenses for Bay 101, Tim (above) and brother George Jr. jumped in. During his long tenure at the Flea Market, Venzon apparently developed a close relationship with George Bumb Sr. Police reports would suggest she had, "for about a year," been giving "blow jobs" to 19-year-old Matthew Bumb, son of George Bumb Jr. ON AUG. 11, 1995, Jeff sat in his Flea Market office scribbling on a piece of paper, plotting his grand return to his peach palace. And Jeff himself had been playing poker since he was 12. "We made it very clear to Jeff and everybody else concerned," Tim says, "that I'm not going to stick my neck on the line here. Meanwhile, Jeff and his lawyers spent 15 months trying get his father to appear at a deposition. Along the way, Jeff raised the ante, hiring Frank Ubhaus, a lawyer who represented Garden City card club, Bay 101's crosstown rival. A nurse was present to monitor his condition. Life of Brian: Initially denied a gaming license by the state, Brian Bumb has since received a provisional license and become a partner in Bay 101 with his brothers, Tim and George. The couple even had a purchase contract for a $850,000 house on Golf Links Road. Christopher Gardner The teenagers had been drinking booze earlier in the night. Within weeks, Jeff says, his six-month-old dog was dead, his cat was dead and the tires of a family car were slashed. (In one case, George Bumb Sr. loaned Jeff $31,250 in 1992 for his son to invest in Bay 101.) Eight days after the molestation incident was reported to police--and one day after Jeff Bumb formally refused his father's $6.9 million buyout offer--George Bumb Sr. sent Jeff a curt typewritten memo informing Jeff that he was terminated effective immediately and had to clean out his desk before 5pm. After learning of the incident, Jeff and wife Elizabeth did not report the matter to police immediately. And for nearly a month, they did. Most of George Bumb Sr.'s five dozen grandchildren have grown up in the 95127 ZIP code and have attended the family-run K-12 Catholic school, St. Thomas More, located on Flea Market grounds since 1978. "We made it very clear to Jeff and everybody else concerned," Tim says, "that I'm not going to stick my neck on the line here. "What am I going to say to the vice president?" And then police remembered the old rumors about a murder plot at the Flea Market, where Venzon had worked as a security guard for more than 15 years. Deputy chief Tom Wheatley says that police wondered if Venzon, or someone, destroyed the barrel to prevent a ballistics test from tracing a fired bullet to the gun. And then, just when it seemed as though family relations couldn't get any worse, they did. One wag refers to them as "the Beverly Hillbillies of San Jose." "Jeff is a wheeler and dealer," explained his Uncle John, the Flea Market's executive vice president and owner of the Skeeball Arcade. One wag refers to them as "the Beverly Hillbillies of San Jose." He followed that with suits alleging breach of contract, wrongful termination and misrepresentation. He demanded $10 million from his brothers to compensate him for violating the purported secret Bay 101 deal. Finally, in July 1994, the state cleared Tim and George and gave them a conditional OK to let the games begin. He followed that with suits alleging breach of contract, wrongful termination and misrepresentation. "Hell, no," George Bumb replied. And that ain't happening because I can't afford it." Werner said no. At one point in the investigation, sheriff's detectives had Jeff's daughter call Matthew while he was working at the Flea Market to confirm the sexual activities. Now that their gaming license had been denied, a decision needed to be made--quickly. Werner said no. AN ATTORNEY involved likened the whole contentious affair to a divorce. In fact, on the day he was arrested, records show that Venzon pawned a 14-karat-gold diamond cluster ring and a ladies' gold tennis bracelet for a total of $298 at American Precious Metals, a jewelry store at the Flea Market run by Joseph Bumb. Christopher Gardner It wasn't the money, either. In fact, on the day he was arrested, records show that Venzon pawned a 14-karat-gold diamond cluster ring and a ladies' gold tennis bracelet for a total of $298 at American Precious Metals, a jewelry store at the Flea Market run by Joseph Bumb. "We made it very clear to Jeff and everybody else concerned," Tim says, "that I'm not going to stick my neck on the line here. One month later, the state attorney general's office made a devastating announcement: Authorities had come across issues of "such magnitude" and "concern" that they would need at least another month to decide if gambling should be allowed at Bay 101. They recorded the conversation. The district attorney's office says that Bumb attorney Ron Werner turned the letter over to authorities immediately after it came in the mail. "I mean," Jeff later said at a deposition, "it was a time of hurt and heartache for us--and not my father, not my mother, not my brother George, not my brother Tim, not Brian could care less." And then, just when it seemed as though family relations couldn't get any worse, they did. The ensuing delay forced Jeff Bumb to lay off 600 workers he had hired. Meanwhile, Jeff and his lawyers spent 15 months trying get his father to appear at a deposition. Still Standing: Jeff Bumb, Bay 101's ostracized founder, boasts that despite various local, state and federal investigations over the years he has emerged squeaky clean. A nurse was present to monitor his condition. And for nearly a month, they did. George Bumb Sr.'s loan-repayment demands came in July 1996, just as his oldest son and his wife were about to move to Los Gatos and break away from the family and its eastside enclave. At the time, Jeff was in the midst of negotiating an arrangement to be bought out of the family businesses. Ultimately, the charges against the older Bumb were reduced to a misdemeanor. Near the end Venzon writes, "They want to bring up the 'murder-for-hire' investigation again. Tim and George, under pressure from then Police Chief Lou Cobarruviaz, had already signed an agreement a year earlier that prohibited Brian, Jeff and their father from having anything to do with the card room. If all this weren't enough, a sexual relationship between his 14-year-old daughter and a 19-year-old Bumb cousin was reported to police, slicing the family's cherished privacy wide open for the world to see. The elder Bumb may not have been feeling well, but he wasn't too sick to remember who was boss in this family. But Jeff says the loan dispute screwed up their moving plans. As legend has it, the Bumbs still send a monthly check to the widow of a former head of security who died of a brain tumor 20 years ago. She told police about at least seven other sexual encounters she had with her cousin after that. He also disputes that such a letter was even necessary for Jeff to get licensed. Tim and George Jr. worried that pressuring state and city officials to deal Jeff back in at Bay 101 would backfire and authorities would close down the card room. "Hell, no," George Bumb replied. The teenagers had been drinking booze earlier in the night. "I don't need their help," he barked at Werner. One wag refers to them as "the Beverly Hillbillies of San Jose." Earlier this year, a month before Venzon was sentenced to 14 years in prison, district attorney investigator Michael Schembri closed out the Venzon case, noting in a court filing, "No new information has been uncovered relating to the murder for hire case [at the Flea Market] which our department investigated several years ago." He followed that with suits alleging breach of contract, wrongful termination and misrepresentation. Upon questioning by Jeff's lawyer, John Bumb acknowledged that his brother George Bumb Sr. threw a fit at three of his children's weddings because they played rock & roll. His crimes included taking valuables from the bereaved family members of dead crime victims while pretending to console them. The day before, Monday at noon, half of the club's tables were full of gamblers playing seven card stud, Omaha and Texas Hold 'Em. Jeff's daughter interrupted Matthew and said, "And I didn't know better. Werner said no. Christopher Gardner (In one case, George Bumb Sr. loaned Jeff $31,250 in 1992 for his son to invest in Bay 101.) Tim Bumb says writing a letter on Jeff's behalf would have violated the agreement with the police chief and put the club in jeopardy. Well, guess what? And there were gamblers everywhere who had come looking for some action. Or at least he thought he didn't. attorney Frank Ubhaus asked the Bumb patriarch. "My issue with [George Bumb Sr.]," Jeff Bumb complains about his father, "was his control of where you lived, what kind of house you bought, where your children went to school, who your friends are, whether your children went to college, who they would marry, what kind of wedding they would have." In fact, Tim and George had to agree not to collaborate with other Bumbs on any new business venture. The gambling palace Jeff Bumb--the oldest son who is often described as the most entrepreneurial of the four brothers--had in mind was going to take a lot of effort and political skill. A nurse was present to monitor his condition. Realizing that, Jeff offered to pay higher card-room taxes (next year the city expects to collect $4.5 million from Bay 101) and pick up the tab for security. Matthew is the kind of guy a relative described to police as "polite," the guy parents wanted their daughters to date. Within weeks, Jeff says, his six-month-old dog was dead, his cat was dead and the tires of a family car were slashed. Over the past year alone, Bumb & Associates and Bay 101 have given $56,000 to now-Attorney General Bill Lockyer, the man in charge of card-room regulation. Eight days after the molestation incident was reported to police--and one day after Jeff Bumb formally refused his father's $6.9 million buyout offer--George Bumb Sr. sent Jeff a curt typewritten memo informing Jeff that he was terminated effective immediately and had to clean out his desk before 5pm. According to Werner, molestation of his daughter became part of a laundry list of damning things Jeff threatened to disclose if his buy-out demands weren't met. Tim and George Jr. worried that pressuring state and city officials to deal Jeff back in at Bay 101 would backfire and authorities would close down the card room. His crimes included taking valuables from the bereaved family members of dead crime victims while pretending to console them. As a compromise of sorts, he was debating whether he should apply for a license as a gaming-club manager instead of as an owner. Within weeks, Jeff says, his six-month-old dog was dead, his cat was dead and the tires of a family car were slashed. "It's making a whole lot of money," Bumb says of the club which city financial forecasters have predicted will gross $34.6 million this year, $11.5 million more than its cross-town rival, Garden City. The court saga evolved into a battle of wills between a father--a man who wouldn't even let the Vatican tell him what to do--and his oldest son, determined to break free from the old man's grasp. I'm on the hook for $15 million. He and his brothers had a plan, he says. Privacy hasn't been so easy to come by for the Bumbs in the '90s, since they got involved in Bay 101. Christopher Gardner Seven of George Bumb Sr.'s eight grown children reside in the eastside foothills within a mile or two of their father, often on the same block. They recorded the conversation. Preventive Medicine: George Bumb Jr. is a co-owner of Bay 101, where a snakebite kit is kept on-hand as a family joke. And he [Jeff] wants me to violate the condition which says in it that I sign away my rights and they close us down. Matthew is the kind of guy a relative described to police as "polite," the guy parents wanted their daughters to date. "We made it very clear to Jeff and everybody else concerned," Tim says, "that I'm not going to stick my neck on the line here. Behind the scenes, the Bumbs suspected their potential gambling competitors and a disgruntled former Flea Market employee of giving investigators unsubstantiated material to use against them. George Bumb Sr.'s loan-repayment demands came in July 1996, just as his oldest son and his wife were about to move to Los Gatos and break away from the family and its eastside enclave. As a compromise of sorts, he was debating whether he should apply for a license as a gaming-club manager instead of as an owner. obicik.com Informacin detallada del sitio web y la empresa (In one case, George Bumb Sr. loaned Jeff $31,250 in 1992 for his son to invest in Bay 101.) ALL TOGETHER, the intrafamily litigation has spanned nearly three years. Well, George, whether you want to believe it or not I do love you and you are like a father to me." "He worked for me." Toward the end of the call, things got heated. A FEW DAYS AFTER returning from his son's Oct. 13, 1995, military graduation in San Diego, Jeff and his wife, Elizabeth, got some appalling news: Their 14-year-old daughter had been involved in a sexual relationship with an older male cousin. Earlier this year, a month before Venzon was sentenced to 14 years in prison, district attorney investigator Michael Schembri closed out the Venzon case, noting in a court filing, "No new information has been uncovered relating to the murder for hire case [at the Flea Market] which our department investigated several years ago." As legend has it, the Bumbs still send a monthly check to the widow of a former head of security who died of a brain tumor 20 years ago. George Bumb Sr.'s loan-repayment demands came in July 1996, just as his oldest son and his wife were about to move to Los Gatos and break away from the family and its eastside enclave. Ultimately, the charges against the older Bumb were reduced to a misdemeanor. There were flowers everywhere. And it was very explicit in there that no Bumbs could have anything to do with the club. And it was very explicit in there that no Bumbs could have anything to do with the club. The guy doesn't get a slap on the hand." At the time, Jeff was in the midst of negotiating an arrangement to be bought out of the family businesses. It wasn't the idea of gambling. Tim Bumb says writing a letter on Jeff's behalf would have violated the agreement with the police chief and put the club in jeopardy. Of the four brothers, Tim and George had faced the least resistance from state gaming officials. Jeff's grandfather, Frank Bumb, had met his wife, Mary, at a card parlor in San Francisco where they worked. Snow White or Cinderella? The district attorney's office says that Bumb attorney Ron Werner turned the letter over to authorities immediately after it came in the mail. Jeff himself was hit with a federal grand jury investigation over financial transactions in connection with a multimillion-dollar residential development near Silver Creek Road. Jeff Bumb remembers that when he was going to school at Bellarmine in the '60s, the other kids would call him things like "Bumbsy" or "Bumbo." Unlike other partners, neither Jeff nor Brian had buyback provisions in their written agreements, an intentional omission meant to appease state gaming officials who wanted them out of the picture. A FEW DAYS AFTER returning from his son's Oct. 13, 1995, military graduation in San Diego, Jeff and his wife, Elizabeth, got some appalling news: Their 14-year-old daughter had been involved in a sexual relationship with an older male cousin. He started telling people around the office that he wanted out of the family business. Bumb family attorney Ron Werner suggested that Jeff and his family had a hidden motive for waiting nearly a month to report the incident to police. The district attorney's office says that Bumb attorney Ron Werner turned the letter over to authorities immediately after it came in the mail. He also disputes that such a letter was even necessary for Jeff to get licensed. There were flowers everywhere. "I don't need their help," he barked at Werner. Deputy chief Tom Wheatley says that police wondered if Venzon, or someone, destroyed the barrel to prevent a ballistics test from tracing a fired bullet to the gun. Now that their gaming license had been denied, a decision needed to be made--quickly. On March 17, 1993, the City Council gave Bumb and his partners the green light to open a 40-table card room on a 10-acre plot of land off U.S 101. Eight months later, the frame of the weapon was found in a Salinas pond near Venzon's home with the barrel and slide missing. He started telling people around the office that he wanted out of the family business. He started telling people around the office that he wanted out of the family business. The Bumbs made millions off of their successful gaming club, Bay 101, but the experience tore the family apart and aired the dirty laundry of a once tightly-knit and fiercely private clan. He asked longtime family attorney Ron Werner if his brothers could write a recommendation letter for him, something state officials had told him he would need to be considered eligible for a gaming license. Net worth: $3.95 billion Scott Cook cofounded software company Intuit in 1983, and retired as the firm's CEO 11 years later. And there were gamblers everywhere who had come looking for some action. Jeff's daughter interrupted Matthew and said, "And I didn't know better. Tim and George Jr. worried that pressuring state and city officials to deal Jeff back in at Bay 101 would backfire and authorities would close down the card room. Unlike other partners, neither Jeff nor Brian had buyback provisions in their written agreements, an intentional omission meant to appease state gaming officials who wanted them out of the picture. Tim Bumb says writing a letter on Jeff's behalf would have violated the agreement with the police chief and put the club in jeopardy. he asked. Just so everyone got the point, Jeff Bumb announced to the press that he and Brian were divesting from Bay 101, and records show he eventually sold his shares for $1.4 million. "He worked for me." And then, just when it seemed as though family relations couldn't get any worse, they did. She recalled that she was dressed in shorts and a T-shirt covered by a blanket. When Jeff and Brian were denied licenses for Bay 101, Tim (above) and brother George Jr. jumped in. George Bumb Sr.'s loan-repayment demands came in July 1996, just as his oldest son and his wife were about to move to Los Gatos and break away from the family and its eastside enclave. He bought 120 acres (49 ha) of an old meat-processing plant and remodeled it to create a market with an initial 20 vendors and only 100 customers per day. Finally, in July 1994, the state cleared Tim and George and gave them a conditional OK to let the games begin. He demanded $10 million from his brothers to compensate him for violating the purported secret Bay 101 deal. Jeff signed a deal with his brothers that prohibited him from owning Bay 101 stock until he got all the necessary licenses. They recorded the conversation. In her 10 years as the Flea Market's community relations specialist, Bryant has come to adore the lack of pretension among this clan of millionaires who have their offices in a mobile home where none of the furniture seems to match. EIGHT MONTHS AFTER its approval by the City Council, the peach-colored Bay 101 held its "grand opening." But Jeff Bumb would greatly prefer not to talk about this. "I'm a big boy." Unlike other partners, neither Jeff nor Brian had buyback provisions in their written agreements, an intentional omission meant to appease state gaming officials who wanted them out of the picture. It did the unthinkable: The court saga evolved into a battle of wills between a father--a man who wouldn't even let the Vatican tell him what to do--and his oldest son, determined to break free from the old man's grasp. "They had to find Snow White and Cinderella," Tim Bumb says, "and that was George and I." If all this weren't enough, a sexual relationship between his 14-year-old daughter and a 19-year-old Bumb cousin was reported to police, slicing the family's cherished privacy wide open for the world to see. Matthew is the kind of guy a relative described to police as "polite," the guy parents wanted their daughters to date. He demanded $10 million from his brothers to compensate him for violating the purported secret Bay 101 deal. "What am I going to say to the vice president?" I'm on the hook for $15 million. In response to Jeff's legal attacks, George Bumb Sr. and Bumb & Associates filed two separate suits of their own to collect nearly $1 million in loans and interest they claimed Jeff never paid. He followed that with suits alleging breach of contract, wrongful termination and misrepresentation. And it was very explicit in there that no Bumbs could have anything to do with the club. AN ATTORNEY involved likened the whole contentious affair to a divorce. The two, she said, never talked about what was going on while it was happening. Now that their gaming license had been denied, a decision needed to be made--quickly. When the Vatican eliminated Latin from the Catholic mass in the '60s, George Bumb Sr. responded by building his own chapel, named for the rebellious St. Athanasius, at the base of Mt. I'm on the hook for $15 million. In fact, on the day he was arrested, records show that Venzon pawned a 14-karat-gold diamond cluster ring and a ladies' gold tennis bracelet for a total of $298 at American Precious Metals, a jewelry store at the Flea Market run by Joseph Bumb. It wasn't the money, either. "Could he [Jeff] do any other work on his own behalf?" The couple even had a purchase contract for a $850,000 house on Golf Links Road. And that ain't happening because I can't afford it." The ensuing delay forced Jeff Bumb to lay off 600 workers he had hired. Houses & Cars. In a fit, he took the paper he was writing on, crumpled it up and threw it out the office door. "He worked for me." They recorded the conversation. "And I told you that I loved you and you are like a father to me. The gambling palace Jeff Bumb--the oldest son who is often described as the most entrepreneurial of the four brothers--had in mind was going to take a lot of effort and political skill. "I don't need their help," he barked at Werner. Matthew is the kind of guy a relative described to police as "polite," the guy parents wanted their daughters to date. And it was very explicit in there that no Bumbs could have anything to do with the club. Before the end of the month, the Flea Market laid off Jeff's daughters Anne and Rebecca. he asked. And as with any divorce, embarrassing private details about the family and its businesses made their way into the public record. And then, just when it seemed as though family relations couldn't get any worse, they did. George Bumb Sr.'s loan-repayment demands came in July 1996, just as his oldest son and his wife were about to move to Los Gatos and break away from the family and its eastside enclave. You know the school we went to?" But Jeff says that privately he and his brothers had an oral agreement--which Tim Bumb now corroborates--that would one day let him repurchase his shares and become a partner in Bay 101 again. During the Venzon investigation, San Jose police dug up an old file from November 1990 in which Venzon, a sheriff's deputy, had reported his department-issued Smith & Wesson 9 mm automatic stolen. Within weeks, Jeff says, his six-month-old dog was dead, his cat was dead and the tires of a family car were slashed. Well, George, whether you want to believe it or not I do love you and you are like a father to me." Seven of George Bumb Sr.'s eight grown children reside in the eastside foothills within a mile or two of their father, often on the same block. And then, just when it seemed as though family relations couldn't get any worse, they did. I'm on the hook for $15 million. Over the past year alone, Bumb & Associates and Bay 101 have given $56,000 to now-Attorney General Bill Lockyer, the man in charge of card-room regulation. Some improprieties did turn up: Bumb & Associates, a partnership including the four brothers and their father, had failed to file required reports disclosing more than $100,000 in political contributions made between 1989 and 1992. Hamilton, where Latin mass is conducted on a regular basis. One month later, the state attorney general's office made a devastating announcement: Authorities had come across issues of "such magnitude" and "concern" that they would need at least another month to decide if gambling should be allowed at Bay 101. Within weeks, Jeff says, his six-month-old dog was dead, his cat was dead and the tires of a family car were slashed. Initially, police filed felony charges against Matthew Bumb for having oral sex with a minor and penetrating her with his fingers. OK--we didn't get out--OK? Meanwhile, Jeff and his lawyers spent 15 months trying get his father to appear at a deposition. Near the end Venzon writes, "They want to bring up the 'murder-for-hire' investigation again. Almost four months later, on July 21, 1998, George Bumb Sr. appeared in the downtown offices of Berliner Cohen to have his deposition taken. Jeff tells the story differently: "Matthew was my godson. Other allegations were more dubious: Investigators chased after a tip that the Bumbs were skimming cash from the Flea Market parking lot, an accusation that was never proven. Well, guess what? Privacy hasn't been so easy to come by for the Bumbs in the '90s, since they got involved in Bay 101. It pitted Bumb against Bumb. Don't Shoot: George Bumb Sr., the publicity-shy patriarch of the Bumb family and creator of the Flea Market, in a rare photo which appeared in California Today magazine in 1980.

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bumb family san jose net worth