Question to ask is why they're only distancing themselves now?
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I'm sure the billionaire's club is small. I mean, I imagine if someone in my local improv community (which I used to participate in) came out as a sex offender I could probably say, "Yeah, I met the guy, went to a few parties at his house. There were some rumors about him but I didn't pay much attention at the time."
Not saying everything is squeakly clean, but many of these stories are at least plausible.