Tuesday, December 06, 2005

Michelle Wie's "Funny" Uncle

Just last month, police in Seoul, South Korea arrested a 46-year-old man that was representing himself as the uncle of Korean-American Michelle Wie. He appears to have bilked 970 Korean investors out of $14 million for the development of a shoe sterilizing business. Mr. Wie (yes, same name but not related), alledgedly attracted investors to his scheme by showing a picture he had taken with Michelle Wie when she visted Korea in 2003. He claimed that Ms. Wie would be endorsing this business, when in fact she was not even aware of it. He had been perpetrating this deception since last year. You'd think that investors would have gotten wise to a shoe sterilizing scheme. I mean really! Wouldn't a pair of Dr. Scholl's Odor Eaters have done the trick just as well? Source: Joongan Daily.

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