Soon after, his parents sent him to the Minnesota State Training School October 11, 1903. While there, he was repeatedly beaten, tortured, and raped by staff members in what attendees dubbed "The Painting House", because children would leave "painted" with bruises and blood. Panzram hated this place of torture so much that he decided to burn it down, and did so without detection. In late 1905, Panzram was released from the school. By his teens, he was an alcoholic and was repeatedly in trouble with the authorities, often for burglary and theft. He ran away from home at the age of 14 in January 1906 to become a hobo on the rails . He often traveled via train cars; he later claimed that on one train he was gang raped by a group of hobos.
In his autobiography, Panzram wrote that he was "rage personified" and that he would often rape men whom he had robbed. He was noted for his large stature and great physical strength-due to years of hard labor at Leavenworth and other prisons - which aided him in overpowering most men he encountered. He also engaged in vandalism and arson. By his own admission, one of the few times he did not engage in criminal activities was when he was employed as a strikebreaker against union employees. On one occasion, he tried to sign aboard as a ship's steward on an Army transport vessel, but was discharged when he reported to work intoxicated.
Not all celebrities have fame and fortune, some are just famous – and in a ton of debt. They came from rags to riches, then went back to rags. Whether they’ve filed bankruptcy, ended up in court, or just can’t stop spending, celebrities mismanage their money just like everyone else. They just hide it well.
50 Cent coined the term “wanksta,” then “partied like it was his birthday” until he filed Chapter 11 bankruptcy in 2015. The rapper was said to be anywhere between $10 million and $50 million in debt. In 2016, a federal bankruptcy court judge in Connecticut approved a plan for the founder of G-Unit to pay his debts back. He was able to get his bankruptcy discharged in February of the following year.
Following a 45-year-long career in Hollywood, acting in more than 70 films, actor Gary Busey found himself in more debt than he was worth. In 2012, it was reported that Busey owed between $500,000 and $1 million worth of debt, but only had $50,000 to his name. The 74-year-old actor owed money to hospitals, banks, the L.A. Waterworks District, and even a storage company. He filed Chapter 7 bankruptcy that same year. Despite his longstanding career in Hollywood, Busey's net worth is now only $500,000.
Burt Reynolds is still worth five million dollars, but his battles with debt date back more than 20 years. Between bad investments and a pricey divorce from actress Loni Anderson, the 1970s superstar had to deal with over $10 million in debt and decided to file Chapter 11 bankruptcy in 1996. While testifying in a 1994 custody hearing, the South Florida native said he spent $40 million getting through his divorce.
The former Hollywood bad boy, Charlie Sheen owes the IRS nearly $5 million. But that's not all. In 2016, his net worth was reportedly still as high as $150 million, but he was nonetheless $12 million in debt at the time – including mortgages, legal fees, and taxes. That same year, Debt.com reported Sheen owed nearly $300,000 on an American Express card alone.