Utah Financier Sued for Canwich Investment

When you see an idea that you just know will take the world by storm, there’s only one thing that you can do: invest! And you invest no matter what, even if that means siphoning money from clients who think that they’re putting their money towards commercial real estate projects.

At least that’s how Travis Wright rolls.

When he saw an investment opportunity in a company that hopes to manufacturer and sell sandwiches in a can, he started using money from his clients to invest in the opportunity. Because, really, the whole world is just waiting for someone to start selling BBQ chicken sandwiches in a can, right?

Apparently his clients weren’t too thrilled with the unauthorized investment. Nor is the SEC, which has filed a lawsuit against Wright.

Wright also used some of the money to invest in a company called Speaking Roses, which prints text onto flower petals. Oh, and he also used some of the cash to pay for a new home and a driveway paved with cobblestones imported from France.

It’s hard to imagine that someone would be so stupid in the post-Madoff world of investments. I can forgive unscrupulous acts. It’s outright stupidity that makes me cringe.

The good news, however, is that the lawsuit will have no effect on Canwich. Come on, you know that you’d buy a PBJ sandwich in a can at least once.

(Image via: NPR)

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