Midas Out of Touch in Dealings -- Business Ace Bourn an Indebted 'Dreamer'

Summary

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They call him Midas.

The businessman's skills are so sharp, the nickname suggests, every deal he touches turns to gold.

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Midas Out of Touch in Dealings -- Business Ace Bourn an Indebted 'Dreamer'

But self-described Memphis millionaire Michael Bourn's touch has recently resulted not in precious metals but in lawsuits. Plaintiffs in New York, Mississippi and Tennessee allege Bourn - whose business interests have included technology, telecommunications, real estate, sports marketing and music - owes millions after reneging on business deals. His civil complaints include backing out of buying a $730,000 yacht, scuttling a deal to purchase a $2.8 millio...

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