Mr. Robert N. Waxman Writes

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----- Original Message -----
Ronald J Riley
Sent: Wednesday, March 14, 2001 10:53 PM
Subject: Re: error of fact

Mr. Waxman,  

I am updating your section as fast as possible.  Please understand that under normal circumstances I only put 5% or so of my time into covering the invention promotion issue.  I am reviewing the supporting documentation and I will post much of it on the web site in due time.   

I find that the majority of invention promoters, rather they are active in the business, or silent partners and investors in the business, or even retired, generally prefer that I not spend any more time investigating their business activities then absolutely necessary.  So frankly, I am surprised that you want me to revisit your case, that you are demanding that I give it considerable attention now.  

You say you have moved on with your life and suggest that I have a personal vendetta against you.  I don't even know how old you are but this sounds a great deal like the rationalizations I have seen from teenagers.  First off, you and the companies you were alleged to be affiliated with by the FTC and other sources are a very small percentage of the companies and people listed in the "Caution List".   The caution list is meant to be a comprehensive a list of people and companies  associated with the invention promotion business.  So this is not about you.  You are not the center of the universe, rather you have been just one more bit player in the invention promotion business.  

I have seen estimates from a variety of sources, which based on a quick calculation, makes it look like you grossed well over $100 million in the invention promotion business.  Since this is a very profitable business, I have reason to think that you may have retained half or more of that money.  Well, that is before you hired attorneys to defend you.  I have no doubt that those costs were substantial.  Now I would like $50 million as much as the next person, but I could never rationalize deriving the money with a service which has near ZERO success rate.  

So I can understand why you would want to move on, and walk away from your past.  But that is not the way it works.  This is especially true with the advent of Internet, which now makes documents which used to be obscure quite accessible.  While you claim to have been out of the business for a fairly long period of time the reality is that the last FTC document is not even four years old.  

Now if you are really reformed, you need to show the inventor community this through good works.  It will take a long term and serious effort to polish your name.  A number of other people who used to be in the business have done a very good job of salvaging their reputation by working to clean up the business.  They were all much lower in the feeding chain than you have been, so it will no doubt take more effort for you to salvage your reputation.  

A good place to start would be by giving the FTC and other agencies all you know about the other parties who were named in Project Mousetrap, and for that matter the goods you may have on any other promoter.  

Now I don't know that I am all that understanding.  But I do try to treat everyone fairly.  

Ronald J. Riley

Blue bar graphic divides sectins of the page Law firm representing Mr. Robert N. Waxman. Robert P. Trout, Waxman's attorney.


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