Showing posts with label Fraud. Show all posts
Showing posts with label Fraud. Show all posts

Awkward Exercise Machine Promises Firm Beautiful Buns

     Wish there was a fast and fun way to get sleek sexy legs, tight toned thighs, and firm beautiful buns?  There is!  It's all possible with 3 Minute Legs.  Is it just me, or is this one of the most awkward exercise machines you've ever seen?

     A Utah man who promised investors returns of up to 24 percent on real estate is facing a lawsuit after he took $145 million of investor's money and instead put it other places, including "Candwiches", a sandwich-in-a-can product.

     Travis L. Wright of Draper is facing a lawsuit from the federal Securities and Exchange Commission.  The litigation release accuses Wright of assuring investors "that their funds would be used only to make loans secured by commercial real estate, when in fact he used their funds primarily for loans and investments having nothing to do with real estate."

     In addition, the document states that "he was using investor funds to pay for a lavish lifestyle for himself and his friends and family."

     Wright's companies, under the collective name of Waterford Funding, also worked on products such as Pepperoni Pizza Pocket and French-toast-in-a-can, all which were intended to be sold in vending machines.  Candwiches were to be marketed as "the perfect product for people on the go," that had "a long shelf life perfect for emergency food storage needs in the event of natural disasters".  Wright also invested in a company he co-owned with his brother to distribute a movie about a cub scout Pinewood Derby.

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