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THE WORST BUSINESS CEOS IN AMERICA
Mired in financial and legal trouble, Talos Partners CEO, Robert V. Brazell tops our list
NEWS TO HELP INVESTORS AVOID TAKING A BEATING
IBN INVESTOR FILES NEW LITIGATION AGAINST ROB BRAZELL CLAIMING FRAUDULENT INDUCEMENT
New litigation filed against Robert Brazell by IBN investor seeks discovery and his deposition in regard to inducement claims.
IBN investor John Allen, filed a Rule 202 action seeking the deposition of Robert Brazell in regard to representations Brazell made while soliciting money for Instore Broadcasting Network. The new litigation was filed against Robert Brazell by a separate IBN investor, not associated or to be confused with the 40 plus plaintiffs (known as the Robann Investment Group) in the Utah Securities Fraud lawsuit naming Rob Brazell, Von H. Whitby, senator Robert Kasten, multiple IBN entities and other individuals.
The investor appears to have given Rob Brazell $100,000, and is seeking discovery surrounding the transaction and representations made by Mr. Brazell to induce him to make the investment.
Among many of the representations Robert Brazell made, was that "he was the founder and founding board member of Overstock.com, and also served as the company's president and chief executive officer." (See excerpt from Talos website below.) The investor seeks to question Robert Brazell regarding a declaration from Patrick Byrne, the current CEO of Overstock.com that states Robert Brazell "…was not an employee of the company when we launched, had no position in the company, had no legal relationship other than shareholder, and was not welcome on the premises."
The ramifications of the “discovery” that may be obtained in the light of Robert Brazell’s representations are yet to be determined.
Patrick Byrne, the current CEO of Overstock.com, claims that Rob Brazell had no position in the company when Overstock.com launched and was not even welcome on the premises.
Forbes says a CEO should above all protect investor share value
Robert V. Brazell tops our list of small business CEOs that fails time and again to provide returns, while living high off investor's money. Now mired in legal and financial trouble, the truth about Rob Brazell is finally reaching the market where potential investors can make better and more informed decisions before putting their money at risk.
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