He Built a $45M Business—Then Lost It All to Fraud

19 Aug 2025 • 13 min • EN
13 min
00:00
13:42
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In this clip from Episode 189 of Beyond A Million, Michael Erath, founder of Next Level Growth and mastermind behind the Five Obsessions framework, tells the story of how his $45M business came crashing down after discovering that his best friend and business partner had been committing fraud and embezzling funds—right as the 2008 financial crisis hit. What followed was a brutal 18-month battle to avoid bankruptcy, protect his family, and rebuild from the ashes. Enjoyed this clip? Check out our full interview with Michael: https://podfollow.com/beyond-a-million 

From "Beyond A Million"

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