Parents of Ashland teen entrepreneur face felony charges related to securities fraud and theft.
Teen entrepreneur Rachel Segal gained notoriety for her Doodle Bra company, which sells plain white bras and erasable markers and stencils to customize the undergarments.
Her parents, Randolph Harry Segal and Betty Ann Segal, have been under investigation for misuse of funds since September and now face several felony charges.
In the course of the investigation, police found five investors who had paid a total of $30,000 to buy stock in Doodle Bra, [Medford police Lt. Bob] Hansen said. The investors contacted the Oregon Department of Justice in November and December after they said the Segals failed to produce any stock certificates, and the Justice Department passed the information on to Medford police investigators, Hansen said.
The couple allegedly promised investors receipt of shares and dividends on Doodle Bra’s profits. Instead, police say, the couple used investors’ funds for daily living expenses and trips to Hawaii, New York and Las Vegas.
Read more at The Ashland Daily Tidings.
{biztweet}doodle bra{/biztweet}
