Wednesday, July 14, 2010
That's a real product alright. Candwich: the sandwich in a can. Despite the fact that it's purportedly "perfect for emergency food storage needs in the event of a natural disaster" and for "people on the go such as students," it remains a fledging product marketed by a start-up company called Mark One Foods.
But the Candwich gained some unexpected attention a couple of weeks ago when the SEC charged a 47-year old Utah man with securities fraud, alleging that he misused $139 million of the $145 million investors had given him over the last decade. He allegedly told investors that their money would be used to fund loans secured by commercial real estate. But instead he used the money to fund his "lavish lifestyle" and to invest in unrelated ventures, including the Candwich as well as a film about the Boy Scouts' annual Pinewood Derby. You can read the Fox Business article about it HERE.
Fast Food and Crime: two great tastes that taste great together.