Lrico Leslie Rudd Investment loss Wichita Kansas
Be careful getting involved in any financial transaction involving LRICO and Lelie Rudd. Rudd' former right hand man at Dean and Deluca,, Duminda Deminda Desilva, gave LRICO and Leslie Rudd a sweetheart deal in an option to buy 4Licensing Corporation. By the time other shareholders forced Rudd to rework the deal, by agreeing not to sue Rudd and LRICO in exchange for reworking the deal, the damage had been done and the share price soon went to zero as the company filed bankruptcy.
Others playing a large role in wiping out shareholders were Bruce R. Foster, or Bruce Foster, Al Kahn, currently of Crane Kahn, and the founder of 4kids Entertainment, as well as Phil Frohlich of Prescott Capital, Wade Massad of Cleveland Capital, and Kenneth Feldman of Kenira.
Though these people have little investing prowess, and are losers in the traditional sense, they will not hesitate to stick others with horrific losses after their poor investment decisions inevitably implode. They will use the bankruptcy process as they attempt to wipe out others, stiff vendors and shareholders, and otherwise wreak havoc on society. Bad news. Stay away.