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July 1, 2007
Why Didn't I Think Of This?
Some guy down in Florida claimed he invented a new way to compress and transmit data to satellites and investors started throwing millions of dollars at him.
As the investment money poured in, Kovar increased salaries and doled out bonuses, employees said. He frequently took them out on his boat, treated them to dinner at the Melting Pot and Bern's Steak House and spent $20,000 on a New Year's Eve party complete with a horse-drawn carriage for guests. He even got Jennifer Fishel, his office coordinator, an Omega slide necklace with diamonds for her birthday one year, she said.
For their July 2002 wedding, she said, he flew guests on seven helicopters into the Grand Canyon. He sent her son to an exclusive local private school and moved her into his $1.3-million waterfront home in Tierra Verde.
She said he was smart, generous and kind. He also was excessive, flashy and lived a disposable life. He would throw out the Christmas lights and decorations with the Christmas tree. Once he bought a massive pot for a shrimp boil and threw it out rather than clean it.
Unfortunately, the technology was a hoax.
Posted by Rob Kiser on July 1, 2007 at 9:12 AM
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