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March 6, 2006

Kirk Wright

Kirk Wright apparently has more than unhappy investors: he is alleged to have also not paid his ex-wife the million dollars he owes her.

Lars Toomre when commenting on this scandal suggests that:

"Sadly, in this case, approximately 500 investors are finding out the hard way that due diligence needs to be performed before investing and at least every year thereafter, not after the cow has left the proverbial barn" (my emphasis)

Which year did they miss? Only the year that they were robbed? (For updated news on Kirk Wright, please click here.)

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