Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Tuesday, March 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Investors Say Kwik Boss Cheated Them

DALLAS (CN) - Eight lawsuits accuse Ray Ellis and his company, Kwik Industries, of defrauding investors of hundreds of thousands of dollars at a time by misrepresenting the finances of his "turnkey businesses," such as car washes, lube centers and dry cleaners, then when the businesses fail, buying them back at cut-rate prices or at a sheriff's sale, and reselling the boondoggle to another sucker. See a sample complaint in Dallas County Court.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...