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Re: JEM165 post# 71202

Wednesday, 04/23/2014 3:10:10 PM

Wednesday, April 23, 2014 3:10:10 PM

Post# of 130497
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.).