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That is from $4.5 to $6.5 million dollars Clayton received for just referring people to these properties. Some of the homes Morris induced people to buy with the same slick, simple presentation he made on The state attorney general is now reportedly investigating the scheme. Director of Technology: Managing Editor: Editor at Large: He encouraged viewers to think of their 401(k) account as a kitty for seeding their bright future in passive-income investing.Morris’s nascent empire was by then already falling apart. Classic turnkey investing mostly involved keeping your money closer to home, as the ability to drive across town to check on a property you owned that was occupied by tenants who’d never heard of you provided turnkey investors a measure of security that they weren’t being had.Modern long-distance turnkey investing is primarily the province of gigantic hedge funds, which took advantage of the Great Recession’s housing market collapse and foreclosure boomEerie though the prospect of a remote “Wall Street landlord” is, those firms place a premium on their reputation and on avoiding legal trouble. Barron Trump’s Private School Remaining Closed As Prez Pushes For Reopening Top VP Contender Rep. Karen Bass Denounces Past Cuba Comments GOP Convention Bars Journalists For The First Time Ever NEW YORK, NY - JUNE 06: Clayton Morris attends "FOX & Friends" All American Concert Series outside of FOX Studios on June 6, 2014 in New York City. The couple is very happy with the marriage and everyone enjoys each other’s company very much. ALL RIGHTS RESERVED. Founder & Editor-in-Chief: The lawsuits make clear Morris represented himself to at least some investors as holding effective control of the Whelan firms he now blames for the cock-ups in Indianapolis.“We would never have worked with this company if we knew ourselves, our families, or any other investors would find themselves in this position,” a March statement on the firm’s website The man Morris did business with – the man he now says tricked him, too – had lost his license to broker real estate transactions in Indiana “several years ago” and had his firm “shut down [in 2017] by the State Attorney General’s office after multiple complaints,” T&H Realty Services’ Jeremy Tallman wrote The suit on behalf of the Georgia man specifically claims that Morris “appear[s] to have targeted inexperienced investors, many of whom ultimately lost large proportions of their savings or retirement funds in the scheme.”Grifting off a conservative audience with little financial sophistication or experience of investing is something of a time-honored tradition in the conservative media world. A former Fox News host has fled to Portugal after his investors filed 25 separate lawsuits accusing him of running a slumlord Ponzi scheme keyed off of blighted homes in Indianapolis.The abrupt ocean hop comes more than two years after Clayton Morris left a gig co-hosting the weekend edition of In addition to launching a podcast aimed at counseling listeners toward healthier and more lucrative money habits, Morris’ eponymous Delaware-based corporation began soliciting investor clients for an easy-money, get-rich-quick scheme involving decrepit housing units in the Indiana capital.Morris Invest LLC was leaping into a relatively modern incarnation of a classic real estate investment vehicle known in the business as “turnkey properties.” Someone else fronts the cost of purchasing and refurbishing homes that are being sold short or at tax auctions, and then reaps a steady flow of rental income from tenants the middleman construction and landlord firm pledges to identify, vet, and faithfully serve.The pitch was simple: Give Morris your cash, and he’d take care of the rest. Front-End Developer: General Counsel: Executive Editor: July 15, 2019 4:05 p.m. Are you a student? More recently, he’s Apply for a free student membership Experiencing financial hardship? Apply for a free community-supported membership PUBLISHED SINCE 2000 Clayton Morris, an ex-host on “Fox and Friends,” has moved to Portugal with his wife as he over two dozen lawsuits for allegedly defrauding investors. But at least 25 investors haven’t waited for the public prosecutor. In a December 2018 segment that began with a montage of highlights from Morris’s time hosting the weekend version of the show, Morris didn’t just describe the barebones version of the investment schemes he’d been touting in web videos and a book. Clayton Morris, a former host on “Fox and Friends,” has moved to Portugal with his wife as they both face more than two dozen lawsuits for allegedly defrauding investors.Prosecutors haven’t filed criminal charges against Morris, who left Natali Morris, Clayton’s wife and a former MSNBC host, claimed on her She also insisted that “we have not run from anything.”“In my clients’ opinion, innocent people don’t flee the country,” said Jynell Berkshire, a real estate attorney who is representing several of the plaintiffs in the suit. In at least one case, when a Georgia-based man who had taken the former Fox host up on his offer began asking questions about the other firms involved in the Indianapolis projects, Morris asserted that he owned and controlled that third-party organization as well.When Morris needed a boost for his new projects, his old Fox pals were happy to help.