Rich People Have Problems, Too

The son of oil tycoon T. Boone Pickens has been charged with burglary after he was found hiding under a desk inside the Housatonic Meadows Fly Shop in Cornwall, Conn., several hours after closing last Sunday. Michael Pickens, 51, was found inside the store by manager Devin "Moe" Booth, who returned after closing and discovered that someone had jimmied open a back window to break in, then tossed reels, weights and other fly-fishing items valued at about $3,000 into a cooler. T. Boone, who has been featured numerous times on this site, is regarded as the king of college boosters. On Friday, the Wiz detailed T. Boone's relationship with Oklahoma State, which has received over $290 million in contributions from the billionaire. This is not the first time Michael Pickens has been in trouble. He was indicted last year on federal securities fraud allegations in New York and had been freed on $500,000 bond under a promise to appear for future court dates and not violate the law. He faces 20 years in jail if convicted of securities fraud. Thanks to reader Greg for the tip!