After learning of the incident, Jeff and wife Elizabeth did not report the matter to police immediately. One of George Bumb Sr.'s granddaughters explained to police that her family was very old-fashioned: "The woman gets the short end of the deal; she is a whore. At the time, Jeff was in the midst of negotiating an arrangement to be bought out of the family businesses. But there was no gambling done that night. Jeff signed a deal with his brothers that prohibited him from owning Bay 101 stock until he got all the necessary licenses. One of George Bumb Sr.'s granddaughters explained to police that her family was very old-fashioned: "The woman gets the short end of the deal; she is a whore. 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. 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. The investigation was given a shot in the arm after the arrest of Johnny Venzon in 1997, a cop who made headlines for burglarizing homes while on duty to pay for his mounting gambling debts. 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. attorney Frank Ubhaus asked the Bumb patriarch. "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." 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. He and his brothers had a plan, he says. EIGHT MONTHS AFTER its approval by the City Council, the peach-colored Bay 101 held its "grand opening." VENZON WAS well known to the Bumbs. You think this didn't break my heart?" He also disputes that such a letter was even necessary for Jeff to get licensed. But he didn't cash out. The dolphin fountain at the front entrance is there because he wanted it there--water and fish are good luck. One of George Bumb Sr.'s granddaughters explained to police that her family was very old-fashioned: "The woman gets the short end of the deal; she is a whore. You think this didn't break my heart?" 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. 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. Ultimately, the charges against the older Bumb were reduced to a misdemeanor. He also runs day-to-day operations at the family-owned Flea Market. 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. There were flowers everywhere. "And I told you that I loved you and you are like a father to me. 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. When he was jailed, the desperate cop wrote a 15-page handwritten letter in pencil to George Bumb in May 1997 asking the Flea Market owner to bail him out. EVERY DAY THE CLUB stayed closed, the Bumbs lost more money. The ensuing delay forced Jeff Bumb to lay off 600 workers he had hired. You know the school we went to?" Jeff entertained offers to buy the club, the highest bid, he recalls, coming in at $40 million. attorney Frank Ubhaus asked the Bumb patriarch. Matthew Bumb's attorney argued that the relationship was consensual. 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. The guy doesn't get a slap on the hand." So Jeff, Brian and the remaining non-family partners backed out of Bay 101, handing everything over to Tim and George Jr. 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. 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. The teenagers had been drinking booze earlier in the night. attorney Frank Ubhaus asked the Bumb patriarch. You know the school we went to?" But he didn't cash out. First, Jeff tried to have the Bumb & Associates partnership dissolved after accusing his family of trying to force him out without paying him a fair price. Ultimately, the charges against the older Bumb were reduced to a misdemeanor. 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. 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. And he [Jeff] wants me to violate the condition which says in it that I sign away my rights and they close us down. Though authorities were never able to prove a paid snuff plot, Jeff Bumb believes the allegations were a factor contributing to authorities' mistrust of him. 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. Jeff Bumb later explained to the press that they didn't know partnerships were required to file such reports, and they paid the state a $1,250 fine. "I did a great job," Bumb says of the sprawling gambling club, furiously chomping on a piece of Wrigley's Doublemint, the gum he chews when he's not sucking on an unfiltered Camel. 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. 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. Toward the end of the call, things got heated. FROM THE START, Jeff's three brothers and father didn't share his enthusiasm for opening a lavish gaming house. It pitted Bumb against Bumb. Near the end Venzon writes, "They want to bring up the 'murder-for-hire' investigation again. Ultimately, the charges against the older Bumb were reduced to a misdemeanor. It wasn't the idea of gambling. When Werner broke the news that Jeff's brothers wouldn't write a letter on his behalf, he says Jeff became furious. And that ain't happening because I can't afford it." Dealers stood at the tables, ready to deal the cards. And he [Jeff] wants me to violate the condition which says in it that I sign away my rights and they close us down. "He worked for me." "He worked for me." Well, George, whether you want to believe it or not I do love you and you are like a father to me." Finally, in July 1994, the state cleared Tim and George and gave them a conditional OK to let the games begin. 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. "And when I visited you at your home I told you that other than God you are the only person I've gotten down on my knees for," Venzon says on page 7. At the time, Jeff was in the midst of negotiating an arrangement to be bought out of the family businesses. In a statement to police, Jeff's daughter recounted how the first incident had happened the year before on the Fourth of July at a family beach house near Santa Cruz when the older boy allegedly started fondling her while she was asleep on the living room couch. 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. And that ain't happening because I can't afford it." Today, Bumb family enterprises include the local Premium Pet Stores chain, Air One Helicopters and, of course, Bay 101. And there were gamblers everywhere who had come looking for some action. ALL TOGETHER, the intrafamily litigation has spanned nearly three years. 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. Privacy hasn't been so easy to come by for the Bumbs in the '90s, since they got involved in Bay 101. 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. 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. Christopher Gardner At the time, San Jose, like cities throughout the state, was strapped for cash, looking at an $11 million budget shortfall. Almost four months later, on July 21, 1998, George Bumb Sr. appeared in the downtown offices of Berliner Cohen to have his deposition taken. She recalled that she was dressed in shorts and a T-shirt covered by a blanket. When he was jailed, the desperate cop wrote a 15-page handwritten letter in pencil to George Bumb in May 1997 asking the Flea Market owner to bail him out. Meanwhile, Jeff and his lawyers spent 15 months trying get his father to appear at a deposition. 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. She recalled that she was dressed in shorts and a T-shirt covered by a blanket. "What am I going to say to the vice president?" de Young founded newspapers, including The Chronicle, back in the 1880s. And Jeff himself had been playing poker since he was 12. But Jeff says the loan dispute screwed up their moving plans. 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 also pulled off an armed robbery of the Aloha Roller Palace. 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. 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. Of the four brothers, Tim and George had faced the least resistance from state gaming officials. Tim, the second youngest of George Bumb's four boys, was already running the family toy business, Fact Games, and Premium Pet Stores. 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. And then, just when it seemed as though family relations couldn't get any worse, they did. During his long tenure at the Flea Market, Venzon apparently developed a close relationship with George Bumb Sr. (That thing that involved Jeff when Bay 101 was scheduled to open but didn't.)" 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. Near the end Venzon writes, "They want to bring up the 'murder-for-hire' investigation again. Jeff entertained offers to buy the club, the highest bid, he recalls, coming in at $40 million. Over the years, he had developed working relationships with the city's politicians and bureaucrats. 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. 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. But Jeff says the loan dispute screwed up their moving plans. Within weeks, Jeff says, his six-month-old dog was dead, his cat was dead and the tires of a family car were slashed. Jeff's daughter interrupted Matthew and said, "And I didn't know better. He also pulled off an armed robbery of the Aloha Roller Palace. And as with any divorce, embarrassing private details about the family and its businesses made their way into the public record. The two, she said, never talked about what was going on while it was happening. 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. Almost four months later, on July 21, 1998, George Bumb Sr. appeared in the downtown offices of Berliner Cohen to have his deposition taken. 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. 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. The investigation was given a shot in the arm after the arrest of Johnny Venzon in 1997, a cop who made headlines for burglarizing homes while on duty to pay for his mounting gambling debts. 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. And he [Jeff] wants me to violate the condition which says in it that I sign away my rights and they close us down. And then there's the stuff that never made it into headlines, like the alleged murder-for-hire plot out at the Flea Market. attorney Frank Ubhaus asked the Bumb patriarch. The Bumbs' reputation as an unconventional, insular, wealthy, large brood keeps tongues in political circles flapping. Christopher Gardner Of the four brothers, Tim and George had faced the least resistance from state gaming officials. But Jeff says the loan dispute screwed up their moving plans. "Hell, no," George Bumb replied. Matthew Bumb's attorney argued that the relationship was consensual. "They had to find Snow White and Cinderella," Tim Bumb says, "and that was George and I." EVERY DAY THE CLUB stayed closed, the Bumbs lost more money. 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. But Jeff was confident. Jeff entertained offers to buy the club, the highest bid, he recalls, coming in at $40 million. Christopher Gardner 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. 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. Ultimately, the charges against the older Bumb were reduced to a misdemeanor. He followed that with suits alleging breach of contract, wrongful termination and misrepresentation. The couple even had a purchase contract for a $850,000 house on Golf Links Road. Matthew Bumb's attorney argued that the relationship was consensual. "My wife broke the code," he says, "and I supported her." 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. 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. So Jeff, Brian and the remaining non-family partners backed out of Bay 101, handing everything over to Tim and George Jr. 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. You think this didn't break my heart?" Jeff was also getting word from his nieces and nephews that his father said at a family poker game: "If it was up to him, all the grandchildren would marry each other." 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. 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 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. Snow White or Cinderella? "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." (That thing that involved Jeff when Bay 101 was scheduled to open but didn't.)" Jeff entertained offers to buy the club, the highest bid, he recalls, coming in at $40 million. EIGHT MONTHS AFTER its approval by the City Council, the peach-colored Bay 101 held its "grand opening." Tim, the second youngest of George Bumb's four boys, was already running the family toy business, Fact Games, and Premium Pet Stores. Werner said no. Jeff was also getting word from his nieces and nephews that his father said at a family poker game: "If it was up to him, all the grandchildren would marry each other." Of the four brothers, Tim and George had faced the least resistance from state gaming officials. But Jeff and his family started hearing that instead of showing concern and support for his daughter, George Bumb Sr. and others in the family were blaming his freshman daughter for the incident and not her adult-age cousin. 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. According to Jeff, there was tremendous pressure from his father and others in the family to keep the incest a secret. The average annual household income in San Jose is $162,521, while the median household income sits at $125,075 per year. And then there's the stuff that never made it into headlines, like the alleged murder-for-hire plot out at the Flea Market. 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. After learning of the incident, Jeff and wife Elizabeth did not report the matter to police immediately. Toward the end of the call, things got heated. Well, George, whether you want to believe it or not I do love you and you are like a father to me." ALL TOGETHER, the intrafamily litigation has spanned nearly three years. Tim and George Jr. would appeal and reapply, the hope being that the club would open as soon as possible. Of the four brothers, Tim and George had faced the least resistance from state gaming officials. 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. Matthew Bumb's attorney argued that the relationship was consensual. In a fit, he took the paper he was writing on, crumpled it up and threw it out the office door. Soon after his confession, the word started spreading in the family about what happened. "They didn't teach anything about this. Jeff Bumb later explained to the press that they didn't know partnerships were required to file such reports, and they paid the state a $1,250 fine. But Jeff and his family started hearing that instead of showing concern and support for his daughter, George Bumb Sr. and others in the family were blaming his freshman daughter for the incident and not her adult-age cousin. First, Jeff tried to have the Bumb & Associates partnership dissolved after accusing his family of trying to force him out without paying him a fair price. Ultimately, the charges against the older Bumb were reduced to a misdemeanor. (That thing that involved Jeff when Bay 101 was scheduled to open but didn't.)" The Bumbs' reputation as an unconventional, insular, wealthy, large brood keeps tongues in political circles flapping. ALL TOGETHER, the intrafamily litigation has spanned nearly three years. Near the end Venzon writes, "They want to bring up the 'murder-for-hire' investigation again. Snow White or Cinderella? Now that their gaming license had been denied, a decision needed to be made--quickly. "And I told you that I loved you and you are like a father to me. Toward the end of the call, things got heated. 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. EIGHT MONTHS AFTER its approval by the City Council, the peach-colored Bay 101 held its "grand opening." At the time, Jeff was in the midst of negotiating an arrangement to be bought out of the family businesses. Jeff's grandfather, Frank Bumb, had met his wife, Mary, at a card parlor in San Francisco where they worked. Jeff tells the story differently: "Matthew was my godson. And as with any divorce, embarrassing private details about the family and its businesses made their way into the public record. UNLOCK PROFILE. During his long tenure at the Flea Market, Venzon apparently developed a close relationship with George Bumb Sr. 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. And then there's the stuff that never made it into headlines, like the alleged murder-for-hire plot out at the Flea Market. The Bumb family gained much of its wealth from the San Jose Flea Market, which is why Braunstein says he thought the contribution wouldn't run afoul of FPPC standards. The teenagers had been drinking booze earlier in the night. Toward the end of the call, things got heated. "What am I going to say to the vice president?" "It's a very strong family. 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. Category: Richest Celebrities Singers Net Worth: $5 Million Date of Birth: Feb 17, 1948 - Sep 28, 2019 (71 years old) Place of Birth: Azcapotzalco Gender: Male "What am I going to say to the vice president?" "I'm a big boy." Now that their gaming license had been denied, a decision needed to be made--quickly. 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. But Jeff says the loan dispute screwed up their moving plans. Bumble | Date, Chat, Meet New People & Network Better A nurse was present to monitor his condition. 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. (In one case, George Bumb Sr. loaned Jeff $31,250 in 1992 for his son to invest in Bay 101.) And for nearly a month, they did. I'm on the hook for $15 million. "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." 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. 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. He also runs day-to-day operations at the family-owned Flea Market. At the time, San Jose, like cities throughout the state, was strapped for cash, looking at an $11 million budget shortfall. Snow White or Cinderella? And he [Jeff] wants me to violate the condition which says in it that I sign away my rights and they close us down. And for nearly a month, they did. 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. "He took care of it." Originally he was scheduled for questioning on March 10, 1997, but the old man's lawyers explained that their client was extremely ill, suffering from "severe life-threatening conditions," practically on his death bed. He demanded $10 million from his brothers to compensate him for violating the purported secret Bay 101 deal. "I'm a big boy." EVERY DAY THE CLUB stayed closed, the Bumbs lost more money. The Bumbs' reputation as an unconventional, insular, wealthy, large brood keeps tongues in political circles flapping. The two, she said, never talked about what was going on while it was happening. "My wife broke the code," he says, "and I supported her." Originally he was scheduled for questioning on March 10, 1997, but the old man's lawyers explained that their client was extremely ill, suffering from "severe life-threatening conditions," practically on his death bed. OK--we didn't get out--OK? After learning of the incident, Jeff and wife Elizabeth did not report the matter to police immediately. Werner said no. Meanwhile, Jeff and his lawyers spent 15 months trying get his father to appear at a deposition. The couple even had a purchase contract for a $850,000 house on Golf Links Road. Before the end of the month, the Flea Market laid off Jeff's daughters Anne and Rebecca. 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. Or at least he thought he didn't. Matthew Bumb's attorney argued that the relationship was consensual. Renee Marie Bumb Wiki, Biography, Age, Husband, Family, Net Worth Even though all the lights were out, she told police that she knew it was Matthew "because the moonlight shined into the room through the large windows that faced the ocean." 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. And for nearly a month, they did. 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. And he [Jeff] wants me to violate the condition which says in it that I sign away my rights and they close us down. And that ain't happening because I can't afford it." And for nearly a month, they did. 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.

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bumb family san jose net worth

bumb family san jose net worth