SoMoLend Investor: Laws In Place Today “Don’t Apply To Startup Companies”

Cincinnati, Ohio ABC affiliate WCPO recently did a report on Candace Klein and SoMoLend. Included in the report was an interview with Ian Edwards, who identified himself as an investor in SoMoLend and a former VP at Proctor & Gamble. He says that Klein may have “overpromised and underdelivered,” but clarifies that it is a common occurrence. Edwards goes on to say that he believes Ohio state laws are out of touch with today’s realities. Watch below…

Previous coverage:

Candace Klein Out As SoMoLend CEO Amid Questions Of State Motivations

Associates Of Candace Klein Speak Out On SoMoLend, Fraud Allegations In Ohio

SoMoLend In Hot Water: Allegations Of Securities Fraud From Ohio State Regulators [UPDATE]

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