Charges Dropped Against Rent-a-Husband Founder

Warren still owes close to two million dollars in fines and civil liabilities. He says he plans to sue those he says are truly responsible for the millions owed. He claims his lawyers at the Preti Flaherty law firm are the ones who misled him.

http://www.myfoxmaine.com
February 24, 2011

Charges Dropped Against Rent-a-Husband Founder
By News 13

Charges have been dropped against Rent-a-Husband founder Kaile Warren, who had been accused of securities fraud and theft by deception.

Federal prosecutors charged Warren two years ago with investor fraud after a franchising deal involving Ace Hardware abruptly fell through, costing Rent-a-Husband investors millions. On Wednesday, prosecutors dropped those charges, saying there was no proof of any criminal wrongdoing.

Warren made a sudden call for a news conference to announce the dropped charges, saying the damage is already done.

"I believe that the system has not only let me down, but has let the people of Maine down," Warren said. "Because I lost a lot of friends. I lost some family. I lost a ton of business. Through all of this not only was I indicted once, I was indicted twice. And even some of my most hardened supporters were becoming skeptical. They kept saying, 'There has to be something here,' and I kept saying, 'No, there is nothing there.'"

Warren still owes close to two million dollars in fines and civil liabilities. He says he plans to sue those he says are truly responsible for the millions owed. He claims his lawyers at the Preti Flaherty law firm are the ones who misled him.

http://www.myfoxmaine.com/news/Charges-Dropped-Against-Rent-a-Husband-Founder-116807823.html


Risks: Reputation management, Promissory notes, Sale of unregistered securities, Securities fraud, Sue the lawyer, Theft, United States, 20110224 Charges dropped

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