Prove that he can trun $3k a year contribution limits back then, into a 300m balance. Only way one can do it is that you control substantial "information" or "in the knows", bet everything at the initial APIC of a vehicle/startup/holdings co., in a Self-Direct IRA. It is some kind of insider trading wouldn't you say?
It was a big deal like 3 years ago when the story broke. The guy earned 30%/year compounding over 30 years.
I am not arguing the returns, I am saying mechanically it is the only way to snowball the ira account. mitt romney has 40m then.
mitt Romney did it the sleazy way: putting equity shares in at artificially depressed values. Combs did it via stock picking warren buffet style.