Bo Knows Luxury: Son Defends His Lifestyle

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April 27 (Bloomberg) -- Bloomberg's Erik Schatzker, Stephanie Ruhle, Sara Eisen and Scarlet Fu report that Bo Guagua denied reports in newspapers that he led a lavish lifestyle, which included driving a red Ferrari and expensive schooling beyond the means of his father’s salary as a party official. Bo Guagua received three traffic citations in Massachusetts while driving a black 2011 Porsche Panamera, the Wall Street Journal reported yesterday. They speak on Bloomberg Television's "Inside Track." (Source: Bloomberg)

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