Fortitude Group, Inc. (FRTD)

[Arthur]

Michael Osborn Pleads Guilty to Wire Fraud and Illegal Monetary Transactions

On February 9, 2016, having seen the writing on the wall, Michael has changed his plea to guilty on two of 14 counts alleged in a February grand jury indictment, after coming to an agreement to have the remaining 12 counts dismissed.

The charges stem from the Commissum Universes con which was begat by the failed Principal Capital Group scheme. Michael has pled guilty to one count of wire fraud and one count of willfully causing another to engage in a monetary transaction in property derived from specified unlawful activity.

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Michael is currently under investigation along with his partners Alexander Schneer and Virgil Williams, his wife Shenae and others for two other unrelated fraud schemes which took place after the Commissum Universes scheme collapsed. One is a penny stock fraud scheme where Fortitude Group, Inc. (symbol FRTD) was used as the vehicle for defrauding the public. The other was a scheme run on the website AgedDebt.net. This scheme was much like Commissum Universes in that investors' money was used to support the lifestyle of the partners.