Would You Eat a Canned Sandwich? How About Investing Your Retirement in Them?
How would you feel if you and a group of other investors had contributed a total of $145 million into what you thought were real estate investments, only to later find out that instead a huge portion of that money had been put into the development of “Candwiches” and other equally odd and questionable products? That’s exactly what happened to a group of investors in Utah after Travis L. Wright offered them returns of up to 24% on real estate investments. Obviously promised returns that high should have been their first clue that something was fishy, but evidently Utah investors are known to be näive…