jeffry savitz Never paid for agreement as promised Atlantic City New Jersey
In late 2013/early 2014 Mike Kassab soon to be CEO of Consumer DNA signed an agreement with Jeffry Savitz to pay him 25% of the annual profit of his new company Consumer DNA each year in perpetuity. The first half year the company earned $226,635. Doubling this and multiplying by 25% yeilds $113,417 owed for 2014. Adding a conservative 15% growth each year through 2020, the total amount Mike Kassab failed to pay is in excess of $1,250,000 based on this contract.