The Michael Ruge Diaries
The Michael Ruge Diaries
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Whilst Ruge signed a settlement agreement admitting that he experienced defrauded traders, he appears nearly anything but contrite.
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Mike owned and operated Dottie's Luncheonette on Broadway for quite some time, afterwards Operating to be a cook and finally turning out to be a self-utilized handyman.
He joined the Victoria Rotary Club and ingratiated himself with its associates. The system worked. One particular member, who is very well into his 70s and life within an assisted-dwelling house, invested $seventy five,000 in Ruge’s fund.
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A part of Ruge’s revenue pitch was that investors would get cost-free foods and accommodation within the Castle di Tornano in the vicinity of Siena, Italy, in which he held courtroom, Nonetheless they must hurry because the rooms were being heading fast.
My condolences for the Ruge spouse and children,my Mom and his Aunt ended up most effective pals at one particular time.I grew up with him and his siblings, what a terrific man he was. I´m sorry which i couldn´t say goodbye. Relaxation simple my Good friend. Trish
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The truth is, his prior securities working experience consisted of advertising funds-losing companies on the Canadian Working Community plus the OTC Bulletin Board during the U.S. Ruge’s company card showcased a picture Michael Ruge of Chivas, his golden retriever, and folded out to reveal photos of Albert Einstein and Winston Churchill, together with inspirational sayings, for example Gandhi’s, “Be the adjust you would like to see on the planet.”
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It took Fee investigators months to piece together what happened, and it wasn't a pretty photograph. Pretty much Not one of the $one.
Ruge claimed he would only acknowledge revenue from buyers who ended up charitably minded: “You must give again to the Group or we won’t trade your hard earned money. We have now turned down two people who preferred to take a position half 1,000,000 pounds.”
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Strategies and caveats being an unconventional tax-filing season starts CRA supplies a lot more time for you to situation tax slips, firms no more get penalty reduction By: Michelle Schriver