Candwich: Quick, Tasty, and Grounds for a Lawsuit?
DENVER, Colo. (CBS) Introducing the Candwich, the sandwich in a can. Catchy? Yes. Grounds for a lawsuit? Apparently so.
The Federal Securities and Exchange Commission has filed a lawsuit against Travis L. Wright, 47, saying he convinced investors to supply him with $145 million for real estate investments. What they didn't know was Wright allegedly had other plans. Candwich-related plans.
The lawsuit says that Wright guaranteed returns up to 24 percent on real estate investments, but then used the start-up capital to invest in Candwich and other entrepreneurial ventures, said The New York Times.
According to The Times, Wright's other business endeavors included French Toast in a can and Pepperoni Pizza Pocket.
According to the suit, investors became skeptical once Wright neglected to return phone calls and lines for his company Waterford Funding were either not in service or disconnected.
President of Mark One Foods, Mark Kirkland, said he patented the idea of stuffing hand-food in a to-go beverage container and is hoping to move forward with production later this year, according to The Times.
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