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Addiction Recovery Bulletin
DEFENSELAWYER.COM? –
Nov. 19, 2022 – According to a lawsuit filed November 19 with a US District Court in Maryland, Patrick Nagle is a crook – a swindler who misrepresented his intentions while misappropriating investor funds to the tune of $1.5 million.
The lawsuit centers around another of Nagle’s online projects, one even more relevant to Addiction/Recovery eBulletin readers than MentalHealth.com. In 2016, Nagle founded Rehab.com, the self-proclaimed “leader in the rehabilitation space” for addicts and alcoholics seeking recovery treatment options. Per his LinkedIn profile, Nagle remains the site’s CEO.
The legal action was initiated by the Ryan R. Rice 2018 Irrevocable Trust. Specifically, the concerned party is Ryan Rice, a partner at Rice Investment Group, which oversees an investment fund of approximately $200 million.
Per the lawsuit summary, the Trust invested $1.5 million in Rehab.com between April 2019 and October 2021. The goal was simple: Rehab.com would use the funding to make upgrades that, among other aims, would lead to additional investment. It’s the sort of money a young business needs to reach a point of self-sustaining maturity. In return, the Trust’s investment would, it hoped, mature along with the site.
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