For anyone thinking about investing into PSRU just read this article published this month by Politico about the WANNABE CEO (Xavier Mitchell), excerpts first:
In March 2023, Mitchell pled guilty to one count of identity theft, one count of filing with a false document, one count of perjury, and an aggravated white collar crime enhancement for committing two or more fraud-related felonies resulting in an over $500,000 loss. (These charges were unrelated to the Galloway and Lucia civil suit.) A month later, on April 23, 2023, he was sentenced to a year in county jail, a 10-year stayed prison term and 10 years of probation. He was released on parole Sept. 20, 2024. (The civil proceedings were ultimately dismissed after Mitchell signed a settlement to return the frozen loan funds to the plaintiffs.)
But his legal troubles were not behind him. In 2021, prosecutors in the Los Angeles County District Attorney’s office had also charged Mitchell with 27 felonies ranging from forgery to attempted grand theft. According to a spokesperson with the office, Mitchell had allegedly illegally acquired the title to vacant lots in Beverly Hills, Malibu and Tarzana over an eight-month period in 2018 through forgery and identity theft, then tried to sell those properties to “unsuspecting buyers” or to obtain loans. Total losses were estimated at $643,000.
Last fall, on Nov. 7, 2024 he pleaded no contest to five of those felonies (two counts of grand theft, one count of identity theft and two counts of forgery) in Los Angeles County. The rest of the charges were dismissed after a plea negotiation. Mitchell was ordered to pay $643,000 in restitution to three victims and sentenced to five years probation. The judge in the case called the punishment “a long time coming.”
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