Gary Growden went to prison for selling investment deals that were, literally, too good to be true. So what’s the next logical step in his entrepreneurial development?
Why selling franchises, of course.
Just a year after his release from federal prison, one of the irons in Gary Growden’ entrepreneurial fire is plans to develop a pasta bar franchise opportunity.
Yes, Gary dreams of once again being behind bars once again… pasta bars this time around. And while Gary hasn’t disclosed a name for his franchise, may we suggest Ponzi’s Pasta Bar?
According to a story by Dan Browning in the Star-Tribune:
Growden, 59, has reinvented himself many times over the years. He’s been a singer-songwriter, an Amway salesman, the owner of an equipment-leasing company and a finance broker, which led to his 27-month prison sentence in 2007.
Court records show that Growden pleaded guilty to two counts of wire fraud. One related to an investment scheme he ran between 2002 and 2005 in which he promised to invest money in "midterm notes" issued by Couthars, a Luxembourg-based company he ran. The other had to do with his promise to invest money in a collateralized note.
In both cases, Growden admitted to spending the money for his own purposes.
Amway Salesman? Cloud merchant? Investment schemer? Gary Growden sounds like he has the credentials to be a featured franchisor on UnhappyFranchisee.com!
But for those of you who might be hesitant investing your life savings with an ex-con, don’t worry.
Gary Growden has given his word.
"I’m not a crook.” Gary Growden promises. “And I am not a con man," he said.
I, for one, am relieved to hear that. And I’m eagerly awaiting the launch of the Ponzi’s Pasta Bar franchise.
ARE YOU FAMILIAR WITH GARY GROWDEN? WHAT DO YOU THINK?
Daryl Poe was celebrated as DonutNV’s 2nd franchisee. The local paper states that he operates…
I read a lot of Franchise Disclosure Documents (FDDs). Most are pretty straightforward and make…
In a video interview Franchise Sidekick celebrates their clients, John & Dana Owens, becoming DonutNV…
DonutNV franchise owners, franchise locations and ownership transfers are normally included in a franchisor’s Franchise Disclosure…
Chiropractor Marc Schnobrich engaged the services of franchise broker Franchise Sidekick to find him a…
Brokers and advisors of Franchise Sidekick were among the most fervent promoters of the DonutNV…
View Comments
Lies, lies, lies...empty promises. And he is so well-versed and knows exactly what to say. He seems to have the expertise while making everything sound legit and above board. A smooth operator with impeccable people skills.
More like a wolf in sheep's clothing.
It was back in the early 2000's that my husband and I were sucked in by his smooth demeanor and ability to sound sincere in his claims that we were coming into a lot of money, based on some deals. We believed him for a quite a while, and he kept trying to string us along.
I imagine there are many people who had their bubbles burst with this guy. Real sad.