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The Money with Katie Show

A Fraternity Crime Story: Power, Money, and a Multimillion-Dollar Scandal

The Money with Katie Show

Money with Katie

Investing, How To, Self-improvement, Business, Education

4.81.3K Ratings

🗓️ 31 January 2024

⏱️ 54 minutes

🧾️ Download transcript

Summary

The abuse of prescription drugs on college campuses has skyrocketed in the last 10 years—and by extension, so too has the intricate ecosystem of college-aged dealers and distribution networks. So today, we're covering a multimillion-dollar fraternity drug ring scandal at the College of Charleston with the investigative journalist, Max Marshall, who covered it in his book, Among the Bros. We talk about power, privilege, and the near-total lack of consequences in this story — and how it serves as a bit of an allegory for the real world. Need a primer on the various names involved in this story? Mikey Schmidt, the main drug plug for the fraternity with connections to cartels in Atlanta, and the contact for the fraternity's distribution networks and runners Rob Liljeberg, a former Eagle Scout who went on to become the president of the Kappa Alpha fraternity Zach Kligman, also known as the "Charleston Kingpin," who would help traffic the drugs into Charleston Patrick Moffly, a socialite, beloved party boy, and son of a big-time real estate developer and a Congressional candidate. Moffly helped create and sell the drugs sold through the fraternity. Transcripts, show notes, production credits, and more can be found at: https://moneywithkatie.com/fraternity-drug-ring. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There's a pretty central question in a book like this, right?

0:04.0

Why would guys with a social safety net that's so plush, it's basically a hammock,

0:10.0

why would they deal anti-insxiety tranquilizers at scale.

0:15.0

The sort of general reason you learn people deal drugs if you take a

0:19.0

criminology class or something is like, oh rational choice theory, like if you're from a community where you don't have a chance to get a job the normal way your best economic option might be dealing drugs

0:29.7

But that's not the case for these guys at all, right? Like, you know, some of them had trust funds,

0:35.0

all of them had pretty juicy allowances.

0:37.6

And I think the answer, both for why deal

0:42.3

and even more so why black out all the time is it is kind of a sign of

0:47.9

prestige to show how much you can get away with. What guys would tell me in this book is basically, yeah, like I'm the only

0:57.1

one who can black out on a Tuesday and miss class on a Wednesday get arrested on a Thursday go out again on a Friday and then that weekend be on a call with my family to set up a really great internship for the summer.

1:13.2

There is absolute prestige in being that guy.

1:16.6

In 2021, a new trend hit Tik-Tok.

1:20.4

It was known as Rush Talk, and it chronicled the cutthroat preppy world of Sorority Rush at the University of Alabama.

1:29.0

I took an interest in this unfolding phenomenon for one simple reason.

1:33.7

I used to be in a sorority at the University of Alabama

1:37.6

and watching videos of things like Door songs, which is this tradition that

1:42.1

involves a lot of regrettable scream singing

1:44.8

and the mutual posturing of active members and potential new members alike

1:49.1

left me experiencing something like nostalgia mixed with PTSD.

1:58.5

With the benefit of hindsight, I can now see things about this experience that my 18 year old self couldn't.

2:05.8

The palatial sorority and fraternity houses like the 13 million dollar

...

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