How Does an Alleged Fraudster Raise His Kid? "Money is King"

Family problems arguably have the largest effect on the children, especially on the youngest ones. This proved to be true for Philip Esformes who was just recently under investigation by the United States Department of Justice for what was dubbed as the biggest health fraud case in recent memory. While he was being investigated for alleged fraud, he was also undergoing quite the messy divorce process.

During these legal processes, some records regarding Esformes' family life were released showing some questionable qualities, morals, and parenting decisions. As two out of three of Esformes' children are already in college, this pushed his youngest son a little bit more in the center of the issue. According to a report from the Washington Times, Esformes was arrested on the charges of being involved in a fraudulent scheme worth over $1 billion.

Esformes' son once referred to him on social media as the greatest dad ever. However, the 16-year old's mother does not seem to agree with this statement at her. As per ABC News, Sherri Tennenbaum-Esformes claims that the boy's father has repeatedly exposed him to a life of sex, drugs and partying. This is a life highly reminiscent of that of a rock star. For a boy this young, that kind of life is indeed very dangerous. 

The parenting style Esformes has also been put under fire by being sculpted around the idea that "money is king." Sherri Tennenbaum-Esformes also claims that she was prevented from seeing her son due to the father buying him off with mansions and other expensive gifts. What's more terrifying is that these gifts, particularly the mansion turned bachelor pad has allegedly been used to contribute to the delinquency of a minor.

Authorities have seized this property along with the cars, jewelry, watches, and other expensive things in it. The money from their bank accounts has also been seized. After his most recent hearing, Esformes' request for bail was denied by a judge.

 

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