As millions poured in, #WorldPatentMarketing's tough-talking CEO, Scott J. Cooper, boasted about trips to remote islands on his yacht and lashed out in expletive-laden tirades at inventors who complained. In screeds posted online and emailed to customers, the company bragged about its security team composed of ex-Israeli special forces trained in Krav Maga and threatened critics with lawsuits — or worse.
Neither Cooper nor his attorney, Daniel Rashbaum, responded to multiple interview requests for this story. In court, they've argued that World Patent Marketing is a legitimate operation that gave inventors multiple warnings about the enormous odds against them. "Ninety-nine percent of inventions fail to become commercially successful, which... is why there are bound to be disgruntled WPM customers no matter the quality of the services," Michael Pineiro, an attorney at Rashbaum's firm, wrote in one filing.
But experts say World Patent Marketing is simply the latest iteration of a long-running con in a barely regulated industry that targets starry-eyed inventors. As Cooper took victims for up to $400,000 each, they say, he also might have scared away a whole generation of inventors.
Read this week's cover story at miaminewtimes.com/longform. #miaminews #miamiscam #miami #miamibeach #scam #longform #longreads