Though Ruge signed a settlement arrangement admitting that he experienced defrauded investors, he appears nearly anything but contrite.
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Ruge commenced raising dollars for his Chivas Development Fund in 2001, promising traders he would place the money with hedge-fund traders who have been “at the best of their occupation.”
He joined the Victoria Rotary Club and ingratiated himself with its customers. The technique worked. A person member, that's perfectly into his 70s and life within an assisted-dwelling residence, invested $seventy five,000 in Ruge’s fund.
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My condolences towards the Ruge relatives,my Mother and his Aunt have been most effective mates at one particular time.I grew up with him and his siblings, what a marvelous male he was. I´m sorry which i couldn´t say goodbye. Relaxation uncomplicated my Buddy. Trish
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In fact, his prior securities expertise consisted of marketing money-dropping corporations over the Canadian Working Network and also the OTC Bulletin Board during the U.S. Ruge’s business enterprise card showcased a picture of Chivas, his golden retriever, and folded out to reveal photos of Albert Einstein and Winston Churchill, as well as inspirational sayings, like Gandhi’s, “Be the improve you should see on the planet.”
Robust leadership ensures that everybody concerned is aligned Using the celebration’s goals and contributes Michael Ruge to its achievements.
It took Fee investigators months to piece jointly what transpired, and it was not a pretty picture. Virtually Not one of the $1.
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Strategies and caveats being an uncommon tax-submitting period begins CRA gives a lot more time to problem tax slips, corporations now not get penalty relief By: Michelle Schriver