Not known Factual Statements About Michael Ruge
Not known Factual Statements About Michael Ruge
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Whilst Ruge signed a settlement arrangement admitting that he had defrauded buyers, he appears something but contrite.
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Ruge commenced raising funds for his Chivas Growth Fund in 2001, promising investors he would position The cash with hedge-fund traders who have been “at the best in their profession.”
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Section of Ruge’s product sales pitch was that buyers would get absolutely free foods and accommodation in the Castle di Tornano in the vicinity of Siena, Italy, the place he held court, Nevertheless they would need to hurry since the rooms were being going speedy.
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“I did it since he’s a Rotarian, and Rotarians are straightforward and easy people,” Michael Ruge the investor defined.
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