An Unbiased View of Michael Ruge

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Ruge started elevating income for his Chivas Expansion Fund in 2001, promising buyers he would position The cash with hedge-fund traders who have been “at the best in their career.”

He joined the Victoria Rotary Club and ingratiated himself with its users. The approach labored. 1 member, that is well into his 70s and lives in an assisted-residing dwelling, invested $75,000 in Ruge’s fund.

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Part of Ruge’s revenue pitch was that traders would get absolutely free food stuff and accommodation within the Castle di Tornano near Siena, Italy, the place he held court, Nonetheless they would need to hurry as the rooms were being going rapidly.

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Sorry to hear that Michael has handed. Knew mike from back when he was the grill chef down at uncle mike's restaurant. He was favored by everybody that came in and you simply had to keep watch over him with the was a pranksters. I nevertheless have some very good burn off marks on my hand. Audios mike RIP.

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Ruge claimed he would only acknowledge funds from buyers who were being charitably minded: “You should Michael Ruge give again on the Neighborhood or we won’t trade your money. We have now now turned down two folks who preferred to take a position fifty percent a million bucks.”

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