Wade Massad Cleveland Capital Fraud Investor Loss Insider trading Rocky River Ohio
Be careful dealing with Wade Massad of Cleveland Capital in Rocky River Ohio. He got onto the board of 4kids Entertainment, then directed the company to delish from the N.Y.S.E, while taking money from the company. He then partnered with Phil Frohlich to put a small amount of debt onto the company after they changed the name to 4licensing Corporation. Shortly after that Wade Massad abandoned ship and withdrew from the board of directors, and shortly later 4licensing filed bankutcy, and Wade Massad, Phil Frohlich, Al Kahn, Kenneth Feldman, and Bruce Foster pulled off the heist of the remaining assets, after quickly moving the company to Oklahoma to file the bankruptcy under the radar.
Wade Massad is a loser who breached his fiduciary duty to shareholders at every turn. Avoid at all costs.