Filed under: Home [1], Fraud [2], Recession [3], Investing [4], Consumer Complaints [5]
Home repair contractor Kaile Warren had a rags-to-riches story that was enviable. The former homeless home improver credits "divine intervention" with giving him the idea for a home improvement company and brand name that would ultimately place him on a national stage that included appearances on Oprah, The Tonight Show with Jay Leno, and the CBS Early Show, to name a few.
But according to an investigative report by USA Today [6], Warren has all but crashed and burned taking more than a dozen investors with him who poured an estimated $4.5 million into his Rent-A-Husband chain of home improvement franchises.
Today, Warren is reportedly more than $3 million in debt with assets of just $145,000, faces investor complaints, one lawsuit, and investigation by the Maine Division of Securities.
Here's a video by USA Today on the story:
Continue reading Rent-a-Husband allegedly divorces investors [7]
Rent-a-Husband allegedly divorces investors [7] originally appeared on WalletPop [8] on Wed, 21 Oct 2009 14:30:00 EST. Please see our terms for use of feeds [9].
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[6] http://www.usatoday.com/money/companies/management/2009-10-20-rent-a-husband-fraud-accusations_N.htm
[7] http://www.walletpop.com/2009/10/21/rent-a-husband-allegedly-divorces-investors/
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