‘Shark Tank’ Stars Sued For ‘Predatory Fraud’

By Andrew Scheer - https://www.flickr.com/photos/andrewscheer/46074811621/, CC0, https://commons.wikimedia.org/w/index.php?curid=74737924

“Shark Tank” stars Kevin O’Leary and Kevin Harrington have been accused of running a “predatory fraud scheme” by using their notoriety from the show to swindle hopeful entrepreneurs.

Twenty entrepreneurs filed a lawsuit against the small business investors, claiming that they were manipulated by “fictional executives” who delivered “false promises of financial success and even illusions of being on the show ‘Shark Tank’ itself.” 

The court documents accuse O’Leary and Harrington of using a “predatory fraud scheme” to lure alleged victims to hire one of their respective companies, InventureX or Ideazon, to amp up their crowdfunding efforts.

The business owners accuse the two Sharks of cashing their checks, but not giving the assistance promised in the agreement, which costs them hundreds of thousands of dollars. They also allege that InventureX and Ideazon were actually just a front for ripping off clients, and not legitimate companies. 

The lawsuit is seeking for Harrington, “a partner and primary executive of InventureX,” and O’Leary, who allegedly “endorsed and recommended” both companies, to pay for damages, economic loss, emotional distress and legal fees.

O’Leary, who has been on “Shark Tank” since 2009, denied ties to either of the businesses and claims to have never had any interactions with the entrepreneurs who filed the lawsuit. 

“It appears that someone has been using my name and likeness without my knowledge, permission, or consent,” O’Leary said in a statement via his attorney. “I’ve never heard of any of these purported companies and have never conducted business with any of the plaintiffs who filed this suit.”

“Obviously, I want to get to the bottom of it too, as my rights have been violated. We will makes sure that the bad actors are held accountable,” he concluded.  

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1 year ago

I think it’s a law suit r u a predator looking for kids. If so maybe jail time is on it way. Making all kinds of money on the web. Hummm got to wonder. Maybe it time for an investigation

Fed Up With the Sell-Out
Fed Up With the Sell-Out
1 year ago

I was going to comment but all I see here is scam advertising.

1 year ago

They’re called Sharks for a reason …