The smart Trick of Michael Ruge That Nobody is Discussing
The smart Trick of Michael Ruge That Nobody is Discussing
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Although Ruge signed a settlement arrangement admitting that he experienced defrauded traders, he appears something but contrite.
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Ruge started increasing money for his Chivas Advancement Fund in 2001, promising buyers he would position The cash with hedge-fund traders who have been “at the highest in their job.”
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That, also, was a lie. KPMG despatched Ruge a brusque letter reminding him that KPMG has “under no circumstances been engaged as being the auditor of Chivas Growth Fund, nor will we settle for this sort of an appointment.”
Rotary Intercontinental, situated in Chicago, is not amused. “Elly and Michael Ruge usually are not approved to make use of the Rotary title or emblem in connection with their tours,” it stated within a published assertion.
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The Chivas Site referred to as Ruge an “completed entrepreneur and Skilled investor” and claimed his small business pursuits had been “Practically unerringly successful.”
In truth, his prior securities encounter consisted of advertising funds-losing corporations on the Canadian Working Network as well as OTC Bulletin Board from the U.S. Ruge’s business card featured a picture of Chivas, his golden retriever, and folded out to reveal images of Albert Einstein and Winston Churchill, and also inspirational sayings, such as Gandhi’s, “Be the modify you want to see on this planet.”
“The Ruges are questioned Michael Ruge to stop utilizing the Rotary identify in reference to their excursions, and Rotary International is having further measures to halt this unauthorized use.” IE
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Sorry to hear that Michael has passed. Realized mike from again when he was the grill chef down at uncle mike's cafe. He was favored by Everyone that came in therefore you needed to keep an eye on him for your was a pranksters. I however have some pretty good burn off marks on my hand. Audios mike RIP.