Mr. Wright promised returns of up to 24 percent on real estate investments, but that he put the money instead into Candwich development and other equally untried ideas.
ATTENTION REAL ESTATE INVESTORS: Be careful not to invest in the Candwich!
July 9, 2010
In today’s modernized economy, I’ve seen a lot of things go into a can (macaroni and cheese, chicken etc.). I’ve also seen a lot of investors get screwed out of their money. But I’ve never seen them…combined.
Huh???? That’s right! You may not know that if you invest your money with a money manager, there’s the chance that you could be investing in Candwich. You heard me right: CANDWICH – THE SANDWICH IN A CAN!
And it’s exactly what you think it is. A sandwich– in a can. Investors inadvertently poured $145 million into the lofty idea when a money manager entrusted with the funds, Travis L. Wright, followed his dream of “Quick & Tasty, Ready to Eat”.
According to the New York Times:
What were his other brainwaves? He had aspirations to put other things in a can including French Toast and Pepperoni Pizza Pockets. Others, unrelated but with a similar level of brilliance, included rose petals with greeting card messages and selling watches over the internet.
Candwich? Sounds more like Can’t Wich to me. It’s just…gross.