Hop-On Inc (HPNN)

[PRmaniac]

Sorry, one last one. It is also likely because people could find out whether he was using something he did at home, or if he "cometically-modified" something to pass it off as his own. Why would I suspect something?
Blast from the past:
A federal indictment made public Thursday accused (Peter) 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.

"Fantastic," said Michael Harb, an accountant who invested $70,000 in the gambling venture six years ago and has been able to recover only half his money. He said some other investors lost their homes.

The Chronicle first raised questions about Michaels and the cell phone venture more than a year ago, citing their connections to the online gambling firm.

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.

A separate shareholder lawsuit filed against WWW Casinos accused Michaels of siphoning off funds to pay for at least five cars, a $125,000 racing boat and gambling trips in Nevada.