u/Expensive-Clock4467

I read Spencer Pratt's book so that I could write an article about him. I thought his book was highly unusual because he did not mention that his grandfather William Chauncey Pratt Jr., was a wildly successful businessman who in 1981, founded Kelley-Clarke, Inc., and served as its CEO for decades as it grew into the largest food brokerage and distributor in the Western United States.

In his book, all that Spencer Pratt mentioned about his grandfather was that he served in the Navy during WWII, boxed at UCLA, and was "frugal." Yet Spencer wrote at length about his maternal grandparents. Spencer wrote at length about all of the wealthy people around him and their successes. He name dropped just about everyone famous he knows (or at least has some tenuous connection to. But only a few lines about William C. Pratt Jr.

In the book, Spencer Pratt leads readers to believe that his father William C. Pratt III, got wealthy from being a dentist, who sometime around 1981, noticed that the gold market was surging, and bought up dental gold alloys that were undervalued. In turn, Spencer tells us, his dad would hawk the dental gold to buyers in the Jewelry District.

That's fine and all, but it's difficult to believe that Spencer's father could afford to buy a home in the Palisades, and send three kids to Crossroads Santa Monica, from Kindergarten through 12th grade. Not to mention the Jonathan Club. I get it that dentists can make money, but that's a lot of money for a dentist that made some cash off gold during it's one year price surge in the early 80's. What do you think?

After I did some research, I found that grandfather Pratt had established a children's family trust for his children, including Spencer's dad William the Third. Granddaddy Pratt died in 2005. By 2007, Spencer's dad created KSS Children's Family Trust of 2007 which has held at least four properties that I am aware of so far (including two apartment complexes in Santa Monica) and the luxury $6 million dollar beachfront mansion Spencer and Heidi currently reside at in Montecito. Spencer is a trustee of the trust. KSS = Kristen, Spencer, and Stephanie.

I was not able to find a whole lot of information about Kelley-Clarke, Inc. except that it was acquired Acosta Group.

Does anyone know:

How much was Kelley-Clarke, Inc, sold for?

Was Spencer Pratt estranged from his grandfather William C. Pratt Jr.?

How much money did William C. Pratt Jr.'s survivors inherit?

Does anyone know any additional information about Kelley-Clarke, Inc.?

Or, how about William C. Pratt, Jr., do you know any additional information about him?

Thanks, I'm still writing multiple articles about this on my blog all of this and continuing the deep dive. Thanks for helping me out with my last questions.

Hi, I have uncovered that Spencer Pratt failed to disclose his real property trust on his mandatory financial disclosures for office Form 700.

I'm doing another investigation into whether Spencer Pratt's Covid-19 PPP loans are legit. His company Pratt Productions, Inc. received two PPP loans. One in 2020 and another in 2021. In 2020 the corporation was white male owned and reportedly had 10 employees. In 2021, the corporation was white female owned and reportedly 7 employees. Does anyone out there know whether Spencer Pratt's Pratt Productions, Inc. actually had employees on payroll in 2020 or 2021, let alone what the company actually does?

If you're interested in Pratt's failure to disclose his trusts, I have a much more detailed podcast episode about it on my website and a lengthy article about the disclosures and many other issues on my website if you want to read that, here is the original article.

Thanks for any help or information you have about his PPP loans and company.

Do you know who he had employed?