Scammer Invests in Canned Sandwiches
Man had promised to put dough in real estate, feds say
By Kevin Spak,  Newser Staff
Posted Jul 8, 2010 12:04 PM CDT
A screenshot of the promotional site for the "Candwich."   (markonefoods.com)

(Newser) – How do you get people to invest in a canned sandwich? You promise to invest in something else and steal their money, naturally. The SEC has filed a lawsuit against Utah money manager Travis Wright, alleging that he promised clients he’d earn them a 24% return with real estate investments, but instead put their money—all $145 million of it—into a series of quixotic business endeavors.

The crown jewel, of course, is the “Candwich”—the sandwich in a can—but Wright also invested in a company that would print greeting card-style sentiments on rose petals, and another that would sell watches online. No word on the fate of those ventures, but a company called Mark One Foods is still trying to run with the Candwich concept, the New York Times reports. The CEO says he’s still confident they’ll be a big hit—and they have a terrific shelf life.