I’ve just read an interesting snippet on ShoeMoney’s blog.
Apparently The Rich Jerk’s infallible money making system has gone so well for him he’s having to sell his business to dig himself out of a massive debt and a looming bankruptcy. He cranked up the debt buying TV advertising, and on places like the Howard Stern show that (obviously) didn’t work well enough for him.
The good news is that it wasn’t his own money he pissed up against the proverbial advertising wall, it was investors money. Well, that’s alright then isn’t it?
You can read the listing to sell his alleged business here. I know a lot of people have met Kelly and said what a plausible guy and clever marketer he was, but I guess in the end he simply couldn’t live up to his own hype.
Guess its time for one jerk to go back to his day job? 
Update: Apparently the Rich Jerk Has Read Shoemoney’s post and is not happy! He’s threatening legal action, and in typical style ShoeMoney cares not a jot. I think Jeremy’s “Jerking” you around Kelly, lol.
Does nobody ever learn that sending abusive e-mails to ShoeMoney only ever results in him publishing them immediately? 
May 25th, 2007 at 9:17 am
“I guess in the end he simply couldn’t live up to his own hype.”
Mind you, he lasted quite a while. Domain was registered on 6th June 2005.
May 25th, 2007 at 9:22 am
True enough. You’d think someone with so much marketing prowess would know how to diversify though?
I’ll be watching the progress over at ShoeMoney’s blog. A lawsuit would be hilarious!
May 25th, 2007 at 4:01 pm
“Does nobody ever learn that sending abusive e-mails to ShoeMoney only ever results in him publishing them immediately? ”
Too true! That was a huge mistake on the Rich Jerk’s part. Instead of doing the smart thing and clearing up any possible misconceptions he went straight to calling Shoemoney a liar and threatening legal action. I mean I know his whole modus operandi is about being a jerk but come on!
May 25th, 2007 at 9:09 pm
[...] came across this little tid-bit from AffiliatesStuff and saw that the Rich Jerk “empire” is for sale. If you think this might be the [...]
November 9th, 2007 at 2:33 pm
[...] what can it be? Has the Rich Jerk finally gotten his revenge after their public tiff a while back? Has everyone gotten sick of that really, really, big cheque on the front page of his [...]
November 27th, 2007 at 4:06 am
wow, i never thought of trackbacking my own post. clever!