Replies to post #93932 on Hop-On Inc (HPNN)

[Frayed Knot]

And of course, his gaming scam...back in 1999

Agents Raid O.C. Online-Gambling Firm

when he was a mere pup of 35....


http://articles.latimes.com/1999/sep/17/business/fi-11173

Much of that money is believed to have come from the elderly and other inexperienced investors, who shelled out sums ranging from a few thousand dollars to as much as $300,000 for pieces of a company they were led to believe was poised for an initial public offering.

The lawsuit filed by eight investors who had sunk up to $200,000 apiece into the online gambling start-up labeled the solicitation a pyramid scheme and accused the company's owners of siphoning off investors' money for personal use.

Michaels and his attorney, J Scott Bennett, seem to like to prey on the elderly and disabled.