Saturday, September 22, 2007

Two top execs at Mile High Capital out the door

Two top execs at Mile High Capital out the door: "However, a press release issued Sept. 14 by Mile High confirmed McFaul and Mile High President Jeff Dietz had left the company. It said McFaul will focus his energy on being CEO of Aspen Home Builders, a sister company of Mile High that he owns. It also said McFaul may take independent ownership of IPF. It said Dietz left 'due to a pressing family situation.' Calls to Dietz' home and office weren't returned. Mile High's lawsuit against McFaul asks for a return of IPF corporate records as well as unspecified damages. Mile High, founded by Fredric 'Rick' Dryer and incorporated in 2000, promotes investment in rental real estate -- mostly duplexes -- at seminars it conducts around the country. On July 12, the company said it had more than $120 million in 2004 sales and more than $175 million so far in 2005. "

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