I wouldn't suggest buying a Drink Stik any time soon, seems art dealer/con man Rocco DeSimone pulled a fast one on both Drink Stik inventor and investor alike, and for his crimes he was sentenced to 16 years and ordered to pay back 6 million dollars. According to ABC news, "DeSimone lied about access to deep-pocketed investors and promised the inventor he would sell the Drink Stik in exchange for a one-third stake in its patent, and convinced investors to buy shares in his Drink Stik stake by falsely claiming that major international corporations, including Fidelity Investments and Raytheon Corp., had offered to buy it for millions of dollars. DeSimone has employed similar tactics to fraudulently solicit investments in two other inventions, including one in which he had no ownership stake at all."
So as I (and others) have said before. If it sounds too good to be true it probably is. And background checks never hurt.
- Read Full Article - Art Dealer Gets 16 Years in Invention Scam
- Recommended Reading Questions to Ask a Promotor or Promotion Firm
- How To Avoid an Invention Company Scam