Buyer: Eastern Services Group
From the moment the sale of Fund.com was announced it was mired in controversy. First, it was actually sold for $9,999,950. Secondly, it was sold to a Nevada-based company called Eastern Services Group which worked as a tax advisor to casinos and which recently went public. It was then revealed that the company was in business with a number of shady parties like Westmore Capital which was closed down by the SEC for running a $53 million Ponzi scheme. Then came the rafter of acquisitions that did nothing to help Fund.com's bottom line. By September of this year Fund.com lost 99% of its revenue.
3. Fund.com, $9.99 Million
Originally published on Complex