Swindled
Bonus: The Predator (Nate Holzapfel)
Jul 21, 2024
Former Shark Tank contestant Nate Holzapfel's fraud spree, manipulation, and exploitation of vulnerable women. Guilty plea for charges, including fraud and sexual battery, resulting in a 15-year prison sentence.
25:56
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Quick takeaways
- Nate Holzafel's initial success with Mission Belt showcased innovative belt design and charitable contributions.
- Legal troubles and sentencing of Nate Holzafel highlighted the consequences of his fraudulent actions and justice served to victims.
Deep dives
The Innovative Mission Belt
Mission Belt, founded by Nate Holzafel, introduced a revolutionary belt design featuring a ratchet system that can be adjusted every quarter inch without traditional holes. The company aimed not only to sell belts but also to contribute to charity by donating a dollar from every sale. Nate's salesmanship skills and marketing strategies led to early success, with $30,000 in revenue during the first three months.
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