5 Simple Statements About Michael Ruge Explained
5 Simple Statements About Michael Ruge Explained
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Ruge began boosting cash for his Chivas Advancement Fund in 2001, promising traders he would place the money with hedge-fund traders who have been “at the very best of their job.”
He joined the Victoria Rotary Club and ingratiated himself with its users. The technique labored. 1 member, that's very well into his 70s and lives within an assisted-living dwelling, invested $75,000 in Ruge’s fund.
That, much too, was a lie. KPMG despatched Ruge a brusque letter reminding him that KPMG has “never ever been engaged since the auditor of Chivas Progress Fund, nor will we settle for this sort of an appointment.”
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The Chivas Internet site identified as Ruge an “attained entrepreneur and Experienced investor” and claimed his enterprise pursuits had been “Pretty much unerringly successful.”
Sorry to hear that Michael has handed. Understood mike from back when he was the grill chef down at uncle mike's cafe. He was liked by Most people that came in and you needed to keep an eye on him for that was a pranksters. I nonetheless have some pretty good burn off marks on my hand. Audios mike RIP.
“The Ruges happen to be asked to halt using the Rotary title in reference to their excursions, and Rotary Worldwide is getting extra techniques Michael Ruge to stop this unauthorized use.” IE
It took Fee investigators months to piece alongside one another what happened, and it was not a fairly image. Just about Not one of the $one.
“I did it due to the fact he’s a Rotarian, and Rotarians are trustworthy and easy people,” the Trader stated.
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