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Candwich News
Old 07-09-2010, 03:45 PM   #1
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Candwich News

I saw this and could not resist bringing it to the attention to this group of financial over-achievers. Seems like I once again missed out on the commercial real estate loans sandwich-in-a-can deal. That is, unless Vanguard picked it up in the TSM per chance.

Mark One Foods

So this finance guy in Utah had some creative investment ideas, according to the SEC.

A loan to a company looking to sell canned sandwiches in vending machines, for example. (Candwich!)

Also, an equity investment in a company that sells rose petals with text printed on them. (Speaking roses!)
But there was a problem, the SEC said in a lawsuit filed this month.
The guy raised the cash for his investments by telling investors that he would use their money to make commercial real estate loans.

Sandwich-In-A-Can Financier Sued For Fraud : NPR

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Old 07-09-2010, 04:05 PM   #2
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You know, given the performance of a lot of commercial real estate loans, I wonder if it was his portfolio's outperformance that drew attention.....

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Old 07-09-2010, 05:16 PM   #3
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After Pet Rocks and wheels on sneakers, I don't scoff at any product ideas.
And if I claim to be a wise man, it surely means that I don't know.
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