Author Topic: Actor Kelsey Grammer once lost a small fortune after investing in a failed windmill technology project.  (Read 904 times)

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Offline Rapunzel

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http://wonderwall.msn.com/tv/kelsey-grammer-lost-six-figure-sum-in-bad-windmill-investment-1739837.story

Actor Kelsey Grammer once lost a small fortune after investing in a failed windmill technology project.

The former "Frasier" star reveals his bank balance took a serious hit after he agreed to funnel his hard-earned cash into a new energy plan -- but it didn't work out.

He tells TMZ.com, "It's not really a friendly environment for new technology. It really isn't. You have to have a way in. Big wind is doing okay, but it was a small wind investment, and it cost me a lot of money. ... I'm okay, but I didn't make up for it. It's just one of those things that's just a straight loss."

Grammer refuses to divulge just how much the bad investment cost him, but admits it was at least six-figures.

Online Oceander

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Maybe if he'd hired some real financial advisors he might not have taken such a bath - or perhaps we should say not have gotten such a blow job.

famousdayandyear

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Maybe if he'd hired some real financial advisors he might not have taken such a bath - or perhaps we should say not have gotten such a blow job.

It is an ill wind that bloweth . .  .(I forget) :thud:

Offline SouthTexas

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"It's not really a friendly environment for new technology.

Really?  Windmills are a new technology? 

Maybe I could interest him in investing in a new "solar" clothes drying technique. 

 *hmmmm* 

Offline Lipstick on a Hillary

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I always thought Kelsey Grammar was a conservative.  I'm surprised he'd pick a venture like "big wind" at all.  :shrug:

Offline happyg

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I'm waiting for some liberal wearing a tinfoil hat discover electricity during a spring thunderstorm.

Offline Rapunzel

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I always thought Kelsey Grammar was a conservative.  I'm surprised he'd pick a venture like "big wind" at all.  :shrug:

He is a Republican.


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