How did a 7-year-old contribute thousands of dollars to elect George W. Bush?
When Bill Belk, the millionaire grandson of the Belk stores founder, wrote a $5,000 check from her account for the RNC Presidential Trust in August 2000 .
Judge Erwin Spainhour criticized the move as a an "inappropriate, egregious use of the minor's funds" on Thursday. Spainhour ordered Belk to repay nearly $131,000 to his daughter's custodial account after citing repeated examples of what he called Belk's misuse of the money.
Click here for details on the RNC contribution.
Belk told the Observer last year that the contribution for his daughter - and similar ones for his sons - was designed to help them by electing George W. Bush, who went on to cut taxes on investment income.
- Doug Miller
Friday, August 27, 2010
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7 comments:
aaaaaand we care about a TEN YEAR OLD POLITICAL CONTRIBUTION WHY?
good god. you might as well prosecute somebody for murder twenty years after the fact. useless at that point.
That's awesome Bill!
Are you really that dumb? In the first place, it isn'y about a political contribution, it's about the fact that this sociopath stole from his own kid. And in the second place, people get prosecuted for murders older than 20 years and get convicted - ever hear of the Green River Killer? Which is exactly why there is no statute of limitation on murder (or any other felony in NC).
"aaaaaand we care about a TEN YEAR OLD POLITICAL CONTRIBUTION WHY?
good god. you might as well prosecute somebody for murder twenty years after the fact. useless at that point."...
Bet you would say that if it were your mother/father/sister/brother who had gotten murdered.
Think about your statement.
If it weren't for the mexicans he's still be FREEE!!!!!
i gotz a bigger weiner than bill belk
Can I change my mind and take back assets after I've set up a custodial account?
No. Money and assets deposited into a custodial account immediately and irrevocably become the property of the child. In other words, you can't take the assets back or give the assets to someone else. See more here: custodial accounts .
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