Bullets for the Boisterous Bout
- Washington D.C.’s attorney general has dropped the big one on Curbio, accusing the pre-sale renovation startup of violating consumer protection laws in the most dramatic fashion possible: “deception, intimidation and fraud”. Now that’s a charge that could light up a courtroom like a pre-holiday sale at Home Depot.
- The firm “strongly” denies all these allegations. Like a defiant cat stuck up a tree, they’re hissing at anyone daring enough to approach them. It’s clear they’re not planning on coming down without a fight.
- Curbio’s business model is based on renovating homes before they’re sold in exchange for a cut of the sale price. A kind of “pimp my house” service if you will. However, the Attorney General begs to differ, lobbing accusations of underhanded tactics at the startup like tomatoes at a bad comedy act.
- The accusations include inflating renovation costs, delaying property sales, strong-arming homeowners into using their services, and failing to obtain necessary licenses. In short, the beagle of Justice has the scent and it’s in hot pursuit.
- In response to all the hubbub, Curbio issued a statement that reads more like a spy novel retort. They called the claims “incorrect, flat out wrong, and dedicated to poorly construed interpretations of the facts”. Rather than hiding in the shadows, it seems Curbio is hoping to pull a Rabbit out the Hat.
Hot Take – a Nod to the Naughty
Ah, Curbio, the athlete tapped for the next round of “Dodgeball – Washington D.C edition” – attorneys are prepping their balls in your honor. You see folks, this is why we call it a “startup”; it starts up problems that didn’t exist before. Good innovation or case of the con artist? That’s for the Court to decide (and popcorn vendors to profit off).
The accusations against Curbio are as diverse as a Swedish buffet and just as hard to swallow. From inflating renovation costs all the way to failing to obtain necessary licenses. But let me tell you, if the claims are just plain wrong or a case of speculation gone wild, Curbio stands ready, like a gladiator at the gates of the Colosseum.
It’s disturbingly entertaining to watch. A company aimed at making your old house more “fetch” is itself in the perilous process of fetching a good defense against claims of not playing nice. If this was a board game, Curbio just drew the ‘Go Directly to Court’ card. Can they pass ‘Go’, collect 200 dollars and come out ‘Monopoly Man’ victorious? We’ll wait for the judge’s gavel to decide.
Tempered enthusiasm or cautionary tale, Curbio’s saga serves as an entertaining reminder: In the land of start-ups, it often seems that the axis of innovation spins in the limbo of controversy. And let me sign off by saying – ‘When your startup makes headlines, make sure it’s for disrupting markets, not for disrupting peace’.
Original article: https://www.inman.com/2023/11/21/curbio-accused-of-targeting-elderly-homeowners-in-federal-fraud-probe/