Thursday, June 17, 2021 1:10:01 PM
Code is not written from scratch, either - likely stolen by Hop-On, IMO.
Blast from one of the CEO's indictments....
Hop-On CEO indicted
Hop-On.com chief executive Peter Michaels, the Southern California impresario who gained fame for touting a disposable cell phone, has been arrested for allegedly defrauding investors in connection with a defunct online gambling company.
A federal indictment made public Thursday accused Michaels and others of raising $12 million to $18 million on behalf of World Wide Web Casinos (WWWC) with the help of telemarketers, glossy brochures and false representations. It also accused Michaels of pocketing some of the money.
Specifically, the indictment said Michaels and others "cosmetically modified" an existing casino software program to make it look as if WWWC had created its own new program.
Michaels and another executive also promised to forgo a salary until the firm generated enough cash to pay them, but instead paid themselves with investors' money, according to the charges.
In addition, Michaels used $17,000 of shareholder funds to pay his credit card bills and spent an additional $131,000 on a yacht, the indictment contends. WWWC also signed a $500,000 contract with another firm, Binky Roo Software, which was secretly controlled by Michaels, according to the documents.
Blast from one of the CEO's indictments....
Hop-On CEO indicted
Hop-On.com chief executive Peter Michaels, the Southern California impresario who gained fame for touting a disposable cell phone, has been arrested for allegedly defrauding investors in connection with a defunct online gambling company.
A federal indictment made public Thursday accused Michaels and others of raising $12 million to $18 million on behalf of World Wide Web Casinos (WWWC) with the help of telemarketers, glossy brochures and false representations. It also accused Michaels of pocketing some of the money.
Specifically, the indictment said Michaels and others "cosmetically modified" an existing casino software program to make it look as if WWWC had created its own new program.
Michaels and another executive also promised to forgo a salary until the firm generated enough cash to pay them, but instead paid themselves with investors' money, according to the charges.
In addition, Michaels used $17,000 of shareholder funds to pay his credit card bills and spent an additional $131,000 on a yacht, the indictment contends. WWWC also signed a $500,000 contract with another firm, Binky Roo Software, which was secretly controlled by Michaels, according to the documents.
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