Thursday, May 07, 2015 2:02:18 PM
He could get in a lot of trouble for that, although we do know Peter was funnelling cash out of Hop-On to an unrelated entity (Green Frog Fund) he was president of. Shareholder should be angry that he would funnel the cash in the form of a no interest, no payback terms loan.
This is especially suspicious because Peter Michaels (CEO of Hop-On) was involved in (and sentenced for) felony money laundering. Could he have been using this cash as his personal piggy bank?
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