The Shark Tank star’s latest plan to help end foreclosures has fallen flat with investors.
“Shark” co-stars Matt Damon and Josh Gad are looking to help low-income homeowners by selling their homes and paying them back in a series of online auctions.
But they have been accused of taking money from the bank and the bank itself, and are being investigated by the Securities and Exchange Commission.
The bank’s actions have raised concerns among consumer advocates who say it could lead to a financial crisis.
The auction is expected to take place this week, though no date has been set.
But it’s unclear if it will be a cash-for-closing or cash-in auction, which would be the most popular option.
“I am not going to be part of the sale,” Damon told CNBC.
“We’re not going out to make a profit on the deal.”
The auction could help to ease foreclosing homeowners out of their homes, and potentially help those homeowners who were unable to make payments to the bank.
The Shark tank is airing an upcoming episode that is set to air on Feb. 25.