Hop-On Inc (HPNN)

[PRmaniac]

The cash is gone - the CEO indeed funneled over $1 million to another company he secretly controlled (Green Frog Fund).

What makes it suspicious is that the Hop-ON CEO was indicted and sentenced to prison for money laundering. His company offices also were raided by agents in another matter where he was in charge of a boiler room operation that took investors' money that Peter Michaels spent on lavish cars and a yacht, wiping out some innocent investors' entire life savings.

I sure hope Green Frog and Hop-on are filing tax returns and I hope Peter Michaels reported any income he derived from the cash funneled to Green Frog Fund (whether it be salary, bonuses, etc.).