Examine This Report on Michael Ruge
Examine This Report on Michael Ruge
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Even though Ruge signed a settlement arrangement admitting that he experienced defrauded investors, he appears everything but contrite.
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He joined the Victoria Rotary Club and ingratiated himself with its users. The strategy worked. Just one member, that's well into his 70s and life within an assisted-residing house, invested $75,000 in Ruge’s fund.
That, way too, was a lie. KPMG despatched Ruge a brusque letter reminding him that KPMG has “in no way been engaged as being the auditor of Chivas Growth Fund, nor will we take this kind of an appointment.”
Rotary Global, located in Chicago, just isn't amused. “Elly and Michael Ruge are certainly not approved to use the Rotary name or emblem in reference to their tours,” it stated inside a written assertion.
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In reality, his prior securities working experience consisted of advertising income-getting rid of companies within the Canadian Dealing Network as well as the OTC Bulletin Board from the U.S. Ruge’s business card showcased an image of Chivas, his golden retriever, and folded out to expose pictures of Albert Einstein and Winston Churchill, and also inspirational sayings, for example Gandhi’s, “Be the transform you need to see in the world.”
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Ruge claimed he would only settle for income from investors who were being charitably minded: “You will need to give back into the Neighborhood or we received’t trade your cash. We have by now turned down two those who needed to speculate half 1,000,000 dollars.”
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Sorry to listen to that Michael has passed. Realized mike from back when he was the grill chef down at uncle mike's cafe. He was favored by Most people that came in and you needed to keep an eye on him for that was a pranksters. I nonetheless have some very good burn marks on my hand. Audios mike RIP.