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Ruge began increasing funds for his Chivas Progress Fund in 2001, promising investors he would location The cash with hedge-fund traders who were being “at the highest in their job.”
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Component of Ruge’s profits pitch was that traders would get free of charge food stuff and accommodation at the Castle di Tornano near Siena, Italy, where by he held courtroom, but they would have to hurry as the rooms have been likely rapid.
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In truth, his prior securities encounter consisted of marketing funds-dropping businesses around the Canadian Working Network plus the OTC Bulletin Board while in the U.S. Ruge’s company card featured an image of Chivas, his golden retriever, and folded out to expose pictures of Albert Einstein and Winston Churchill, and also inspirational sayings, for example Gandhi’s, “Be the improve you would like to see in the world.”
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It took commission investigators months to piece alongside one another what took place, and it was not a fairly image. Practically none of the $one.
My condolences on the Ruge loved ones,my Mom and his Aunt have been very best mates at one particular time.I grew up with him and his siblings, what a terrific dude he was. I´m sorry that I couldn´t say goodbye. Relaxation simple my Close friend. Trish
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