Keith Lapham, the former Green Acres ironing master franchisee is claimed to have sold 172 unauthorized franchises in the last nine months of 2007 with a total of 256 contributing to his NZ$3.8M ‘ponzi’ scheme. Targets were mostly immigrants with a limited grasp of English.
Year in and year out, people who understand almost nothing about small business investment risk and how to identify and assess it sign long term draconian franchise agreements, putting everythin
In 2008 in Australia we read that Firepower International associated with Stephen Moss, son of a former Macquarie bank senior executive, Bill Moss, had offered the fuel consumption reduction pill franchise by tender.
South Australian MP Tony Piccolo has tabled the proposed Franchising (South Australia) Bill 2009 in the absence of an effective response by the Federal Government to numerous franchising Inquiries.
LEXINGTON, Ky. —Franchisees aren't the only ones who have been hurt by bad SBA liar loans backed by tax payer dollars. 
Keith Lapham, the former Green Acres ironing master franchisee is claimed to have sold 172 unauthorized franchises in the last nine months of 2007 with a total of 256 contributing to his NZ$3.8M ‘ponzi’ scheme. Targets were mostly immigrants with a limited grasp of English.
