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Billy Parlin

Bean Lumber Co. of Glenwood planned to receive $10 million in funding in 2010, but the money never arrived as promised. (Photo by Mark Friedman)
Banking & Finance / Construction / Insurance

Bean Lumber Bankruptcy Blamed On Scam

Almost four years ago, Willy Andreas “Andy” Kirsch, the director of Malteco Business Consulting Group Inc. of Irving, Texas, offered to invest $10 million in Bean Lumber Co. of Glenwood in exchange for 25 percent ownership of the company. All Bean Lumber had to do was pay $125,000 to Malteco before it received the $10 million. read more >