SEC & DOJ take down “Mike G Deal”, $45 mill fraud + arrest
US authorities have taken down the “Mike G Deal”.
The DOJ and SEC allege $45 million in fraud, and ringleader Neil Suresh Chandran has been arrested.
On January 4th, the SEC filed a Complaint naming Chandran, Garry Davidson, Michael Glaspie, Linda Knott, Amy Mossel (Glaspie’s wife), Banner Co-Op Inc., BannersGo LLC and AEO Publishing Inc. as defendants.
The SEC’s federal Mike G Deal lawsuit was preceded by state-level cease and desists from Michigan and Alabama.
These enforcement actions resulted in Glaspie and Knott paying $15,000 and $10,000 fines respectively.
If you’re unfamiliar with the Mike G Deal, the basic premise is that victims are strung along on a never-ending series of promises and missed deadlines.
The promises and deadlines pertain to a deal, which of course never eventuates.
While the deal itself and fictitious story surrounding it changes, the MO remains the same: investors are lured in on the promise of “getting in early” to capitalize on the deal before its executed.
For the most part Michael Glaspie (right) was the face and voice of the deal. This led to the scam being known as the “Mike G Deal”.
I want to note that while the Mike G Deal itself isn’t MLM, Glaspie has used it to funnel victims into MLM ventures.
Because of Glaspie’s ties to MLM, I’ve made the editorial decision to cover the SEC’s and DOJ’s Mike G Deal enforcement actions.
BehindMLM first came across Glaspie in 2016 through Icanget2. This became The ICANetwork in 2017.
In June 2022 we came across Glaspie again, funneling Mike G Deal victims into the Win on Wealth Ponzi scheme.
The Mike G Deal iteration the SEC has gone with is “CoinDeal”.
Chandran, a recidivist securities law violator and convicted felon, claimed to own a unique blockchain technology that was on the verge of being sold for trillions of dollars to a group of reputable billionaire buyers (“CoinDeal”).
Chandran further claimed his business required interim financial support until the sale transaction closed. Together with and through other named Defendants, Chandran targeted mostly unsophisticated investors with false and misleading promises and representations that investments in CoinDeal would soon yield extremely high returns from the imminent sale of his business.
Chandran typically provided status updates on the supposed deal, including but not limited to: the involvement of foreign central banks and the United States Department of Homeland Security; the latest board meetings of the consortium of wealthy buyers; the role of certain political figures; and the causes of “temporary” delays to the sale closing.
These updates were designed to lull investors and induce them to continue investing in CoinDeal.
The SEC alleges that Chandran (right) “incentivized” recruitment of investors into the deal.
This started in 2018 with Davidson (a then former victim of Chandran’s), who went on to recruit Glaspie.
Glaspie, an online promoter, raised large sums for CoinDeal from tens of thousands of investors in multiple states and countries.
As part of his promotional campaign, Glaspie knowingly or recklessly disseminated false information about CoinDeal that he received from Chandran via Davidson, including information concerning the supposed value and timeline of the sale transaction, as well as the purported involvement of prominent business people, financial institutions and governmental departments or agencies.
Glaspie regularly communicated such false information to investors through near-daily written updates and weekly teleconferences, in which Davidson occasionally participated.
In or around January 2019, Glaspie began promoting the CoinDeal opportunity during weekly teleconferences that included over 100,000 invitees from his network of contacts.
Glaspie explained that an unnamed Canadian resident had a very valuable (but anonymous) artificial intelligence and cryptocurrency company that was preparing for an imminent sale to a group of billionaire buyers.
Glaspie further explained that the Canadian resident was unable to obtain conventional financing due to prior legal issues.
Glaspie did not reveal that this unnamed individual was Chandran, and he also failed to disclose that this individual had a criminal history in the United States.
Glaspie made additional misrepresentations and engaged in other fraudulent conduct, including by: creating and publicizing astronomical payout scales that ranged from multi-million dollar returns for investments of $1,000 or less, to returns in excess of $50 billion for investments of $100,000; offering referral bonuses to entice investors to recruit others to participate in CoinDeal; and personally guaranteeing to refund investors with 7% interest should CoinDeal not come to fruition.
In reality;
CoinDeal was merely the most recent iteration of Chandran’s prior fraudulent schemes.
No such buyer group existed, there was no impending sale, and Chandran was incapable of producing the astronomical returns he promised.
CoinDeal … never existed and thus, by design, the deal never closed.
Here are some of the excuses used to lure Mike G Deal investors along over the years;
On February 22, 2019, Glaspie falsely claimed in an online post that CoinDeal’s closing had been delayed due to a vendor company declaring bankruptcy.
On April 16, 2019, Glaspie falsely claimed in an online post that closing of CoinDeal had been delayed because a South Korean bank involved in the deal required in-person signatures in Hawaii.
On May 7, 2019, Glaspie falsely claimed in an online post that CoinDeal’s closing was delayed because an engineer familiar with the company systems was sick.
On July 24, 2019, Glaspie falsely claimed in an online post that closing was somehow delayed due to an issue involving the number of smart
phones being supplied by a vendor.
And on and on it went…
As time went on some Mike G Deal investors took it upon themselves to investigate Glaspie and the deal.
This led to the public outing of Chandran being behind the deal, which, despite knowing was true, Glaspie publicly denied.
On or about August 19, 2021, a prospective CoinDeal investor shared a link containing information about Chandran’s 2018 criminal charges and asked Glaspie to “confirm that Neil Chandran is NOT the seller of this transaction.”
In response, Glaspie denied that Chandran was involved, admonished the individual for “spreading rumors,” and further stated: “Please make this the last email on this topic [as] I just don[’]t have time for this disrupting email.”
On or about September 3, 2021, Glaspie again denied Chandran’s involvement in CoinDeal to a prospective investor.
On this occasion, the concerned individual told Glaspie: “I have been doing some digging around the internet. Some people say that ‘Neil’ the owner, is actually convicted fraudster Neil Chandran. Please tell me that’s not true.”
The individual further described finding “red flags” when searching Chandran’s name on the internet.
In response, Glaspie stated: “[W]here these rumors start is a mystery to me. The owner is NOT the man u think he is.”
All in all the Mike G Deal scammers took in $45 million. The funds were laundered through shell companies for “personal use”.
- Neil Chandran misappropriated $37 million. Chandran spent the money on “a fleet of luxury vehicles, various real estate properties in
California and Nevada, and a boat”. - Michael Glaspie misappropriated $5.9 million. Glaspie spent the money insurance policies for himself and wife Amy Mossel, as well as “transfer(ing) millions to his associates to pay salaries and for other business ventures”.
- Garry Davidson misappropriated $3 million. Davidson spent the money on a “mobile home and used investor funds for personal living expenses”.
Linda Knott (right) was a Mike G Deal promoter who managed a group of ~10,000 investors. Knott misappropriated at least $749,000, which she spent on “personal use and purposes unrelated to CoinDeal”.
The vast majority of CoinDeal investors have not received the return of their principal investment amounts, and no investors have received any promised profits on their investments.
Chandran, Glaspie, and Mossel declined to testify during the SEC’s investigation, invoking their Fifth Amendment right against self-incrimination.
This brings us to the indictment of Chandran by a Grand Jury in Nebraska on June 14th, 2022.
Following his indictment, Chandran was arrested in California on June 14th.
Chandran has been charged with:
- three counts of wire fraud; and
- two counts of engaging in monetary transactions in property derived from specified unlawful activity
Chandran pled not guilty to the charges on August 15th. Having been deemed a flight risk, on September 14th Chandran was ordered to remain in custody pending trial.
Chandran’s indictment detailed “100 different assets”, including bank accounts, real estate, and luxury vehicles, including 39 Tesla vehicles which, as of June 2022, were in the process of being seized.
If convicted on all five counts, Chandran, 51, faces up to 80 years in prison.
Chandran’s criminal case is ongoing, with a Status Conference scheduled for March 2nd, 2023.
Glaspie and Davidson are referenced in Chandran’s indictment as “Individual 1″ and Individual 2” respectively. Whether there are pending criminal proceedings against Glaspie and Davidson remains unclear.
Getting back to the SEC’s civil case; The Mike G Deal being a passive investment opportunity constitutes a securities offering.
The SEC alleges;
The CoinDeal investments offered and sold by the Defendants were securities.
No registration statement was ever filed with the SEC or has ever been in effect with respect to any offers and sales of CoinDeal investments.
As a result of their conduct, Chandran, Davidson, Glaspie, Knott, Banner Co-Op, and BannersGo intentionally, knowingly, or recklessly committed securities fraud and offered and sold unregistered securities.
The Mike G Deal defendants have been charged with violations of the Securities and Exchange Act across seven counts.
The SEC is also seeking disgorgement, civil penalties, officer and director bars, permanent injunctions and conduct-based injunctions.
I’ve added both Chandran’s criminal case and the SEC’s Mike G Deal case to BehindMLM’s case calendar. We’ll keep you updated as both cases progress.
Update 25th February 2023 – Michael Glaspie has plead guilty to one conspiracy to commit wire fraud charge.
Glaspie is scheduled to be sentenced in June.
Update 21st May 2023 – A third individual has been arrested in connection to the Mike G Deal.
Bryan Lee was the money guy behind the scheme. Lee was indicted under seal on May 15th and is believed to have been arrested a few days ago.
Update 3rd October 2023 – Michael Glaspie has been sentenced to six years in prison.
Update 24th June 2024 – Gary Davidson and Linda Knott have received final default judgments.
I lost money in one of Michael Glaspie’s schemes in the 80s. So glad to hear that the SEC is finally looking into one of his schemes.
sadly I was a victim of this scam they took for over 27,500 and not only that but sadly some of my friends and family members funds.
Great to see the authorities finally catching up with Mike G. He was a big name in the early 2000’s with the explosion of the internet. Still using the same old photo he used way back then.
You are sooo right about his method, and I got snookered, too, with the initial ICanGet2 rah-rah deal.
Before I got wise, I had put a little in his pot. Then a phone call would come and another pitch for “only a little bit more” would be presented.
The last straw was a pledge to make me something like a marketing consultant for a specific area of the US, which sounded hokey so I refused. Further watch-n-see revealed more of the same over the years and I was fortunate to have only lost a few hundred bucks.
Yes, he was a recognized name when the ‘net first got going, and maybe at first he was honest but no more.
It’s only sad to see such a paltry fine for he and Knott.
I have several acquaintances who put money into this scheme…one guy put in 6-figures. He could sure use that money now.
He told me when it pays off he’d be a multi-billionaire. Mike G was very convincing apparently. Shame on him.
As a retired grandma living on Soc Sec,,, There are only words of disgust for Mike G and his cronies,,, I want my $$ back…
He was very convincing! Especially saying there was 7percent interest and the return of your money! If the deal died !
We were led by Paris Morton for funds to send to the Mike G Deal.
I asked Paris Morton to confirm the funds that I sent to her via ‘CashApp’ that supposedly would only be confirmed after the specific transactions were confirmed with Mike G via Linda Knott.
Linda confirmed the same as these said funds would be confirmed then and not verified on a website under Linda Knott’s authority.
Paris needs to be investigated to disclose proof of Cash app funds she received from the numerous investors she requested funds from.
I’m responding to the lies posted by Mr Perry McNeil. I was NEVER ASKED to give him proof isn’t payments sent.
I have all receipts for all monies received and sent to Together We Profit on behalf of my group who participated in this deal under AWT. Therefore these false post has no foundation and all receipts and records for monies received have been submitted to the FBI.
I will be praying for the outcome because just like everyone else I sent my mo ie with the belief that this was a real deal. It is my sincere hope that just prevails.
It’s crazy how Perry or anybody else would say Paris name knowing she did nothin but 1 get scammed but because she had a good heart & told all of us exactly what she knew.
That a deal was going on & because she want everybody 2 win she told us & told us just like the gifting boards everything is a risk but we all are welcome 2 put in. If we want.
It was $28 we lost that on boards so we all took a risk. Paris put in thousands of her own $$ aswell. Some ppl got 1 spot people like Perry McNeill was super greedy and got plenty of spots probably over 100 at minimum.
She told us everything we all was on every single zoom call as Linda & others came & talked to us.
I also didn’t believe n the deal but i damn sure wasn’t about 2 miss it if it was real. I just didn’t go overboard like ppl like Perry did.
So naw won’t ever blame Paris for being fully transparent with us every single step of the way. I thank Paris 4 even tellin us just shows she cared & wasn’t gonna get rich without us.
But anybody from Paris team is a bold face liar if they say 4 one sec she did anything shady & without everybody knowing & even voting on it b4 she did anything.
I couldn’t let that go. I don’t know how 2 be fake. (removed) Mark if anybody need 2 have a conversation about this.
If I’m following correctly, Paris Morton was a large’ish promoter of the Mike G Deal, through Linda Knott’s Together We Profit downline.
At a minimum Morton committed securities fraud via promotion of an unregistered security.
The pertinent question is if Morton made back more than she personally invested via recruitment of investors. While it wasn’t MLM, the Mike G Deal did have a referral structure in place.
I don’t know if Together We Profit had its own referral structure on top of what Mike G was offering.
Oz naw u wouldn’t be following correctly with that. In paris chat it was us that told our friends & family cause we ain’t want 2 miss it if it was real.
She ain’t pocket no money and the referral $$ u speaking of was supposed 2 be givin after we got the millions not during.
But Listen Linda Listen she was the 1 that made Paris believe it was real in the 1st place & we all was on zooms as Linda came on tellin us how real it was and had some of us believing.
But u ask anybody that ever got on a zoom did Paris not tell us everything raw & uncut however Linda nem told & showed her she held nothin back from us & we again coulda not got n it & we all made the choice that we might not believe it but we ain’t finna not chance it and see.
Somehow it seems u may be thinking Paris received & was spending $$ naw. Everything was paid wit a invoice so it can be tracked just n case some bs like this happened.
Don’t believe everything u read fam. Ask anybody they will tell u.
I don’t see how this changes Paris Morton illegally promoting an unregistered security. You can’t disclaimer your way out of securities fraud.
I don’t recall seeing this in the DOJ/SEC filings but I’ll take your word for it.
One thing I’d ask though is if commissions were supposed to be paid until the deal closed, how did Linda Knott receive $749,000 in referral commissions then?
I have been looking for ways to get this Sociopath caught.
Mike is nothing but a lyer, cheater with no heart for taking people’s money including mine & several others I know. He should go to the can like Neil.
We also got scammed. What we all want to know is the guarantee that Mike G promised us “if” the deal “dead”.
Will THAT hold up in court so we all can get our original investment back?
Glaspie’s guarantee is worthless. Of course it’s not going to hold up in court.
Your investment is gone. The scammers spent it on themselves. It’s right there in the Complaint.
It’s funny how when the deal now go sour and it’s considered a scam. (Ozedit: snip, see below)
There never was a deal. You promoted a scam from the beginning.
Read the SEC’s complaint.
There are no carveouts for ignorance of the law in the Securities and Exchange Act.
Where is the rest of my post? Where I responded to everything you asked? (Ozedit: derails removed)
We all believed it was a deal and we all purchased loan pledges none of received any money because the deal never closed. So everyone Who bought pledges and told their family and friends who did the same should all be prosecuted that is absolutely ludicrous.
Yet that is exactly what happened. Now Perry accuses me after we had meetings to verify all monies received were documented and paid to TWP. It’s sad they people can’t be honest.
This isn’t FaceBook. If I see a comment with a flawed opening premise I’ll nip it in the bud.
What you believed doesn’t matter. There was no deal and you promoted a scam for personal profit.
That makes you a scammer. That you got out-scammed doesn’t change this.
Securities fraud is typically a civil matter. I suggest you educate yourself lest you continue to come across as a jackass.
Oz, you are not a jury & judge. Mike previously was pulled out of a state from Not have a security licence but that was B4 I was aware of this scam.
He was selling a product which sense so people got into this program.
My friend, who I mentioned earlier and who put in 6-figures, was completely duped by “Mike G”.
He told me to listen in on his live webinars. These things went on for over an hour or more and it’s full of MIKE saying the deal is about done, the Japanese are blah blah crypto blah blah, the Embassy blah blah, the banks are blah blah.
If you want your money back, take it now, blah blah, you’ll miss out on the big payday when it comes, blah blah.
This guy was so full of it and of himself… I hope he goes away to Club Graybar for a LONG time.
This pretty much ruined my friend’s life and marriage to boot. Go rot “Mike G”!
This is a most unusual scam. Anyone commenting here except for Oz seems to have forgotten the basic rules of English grammar.
@Mica
I don’t need to be jury & judge, securities fraud is securities fraud.
The Mike G deal never had a product. It was a fraudulent securities offering based on a deal that never existed.
Whether you felt securities fraud “made sense” or not is neither here nor there.
MikeG must be in jail, 100%. He Lied and manipulated for years, fraudulently using household billionaires names, the current and former presidents of usa, global central banks across the world, as being part of the deal, to lure in people to trust and give money to a fake worldwide huge investment opportunity to become wealthy.
This whole deal is riddled with greed, lies, and criminal activity. MikeG made it easy for people to fall for this scam, from stringing along millions with the lies he concocted.
His updates, became Quite comical of fantasy after awhile.
That low life ruined a lot of lives, financially, emotionally, physically. May he pay to the full extent of the law and beyond.
May Karma serve him, and all his cronies well.
Want to hear some of his BS?
mikegdeal.com/update20230104hy.html
Everyone that took in money and used it as a personal gain should be prosecuted in some way. It wasn’t your money to begin with.
If all the money was sent to Mike G in the first place then only Mike G, his wife, Gary and whomever else from the top would be the only ones in this mess.
You can’t take other people’s money and do what you want with it and think you won’t get caught. That’s just wrong!
Some of these group leaders used it to their advantage thinking they wouldn’t get caught up. Ppl work hard for their money to just give it away to strangers or whomever for that matter.
Mike G, Neil and Gary shouldn’t have never promoted this scam to begin with. Did you NOT think you would get caught! You’re dealing with thousands of people?
Everyone who took money and used it to their advantage are a bunch of greedy idiots.
I don’t wish bad on anyone but if you did wrong, you will just have to face the consequences!
How do we get notifications on this I lost a few $1,000 dollars in this deal scam.
Notifications about the case? You can follow along on Pacer if you have an account.
Otherwise I update when a reader shouts out or it comes up on BehindMLM’s calendar.
Also how do we sue mike g and Linda knott for them taking our money and not using it for the investment.
You go see a lawyer.
Its not funny that now the deal is dead that its considered a scam!!! It was a scam from the jump dummy.
And if Paris or any other group leaders didnt take a dime, prove it to all of us or the authorities… Submit all your messages from Mike G and those on your team. Your emails, text and bank information and all the things you purchased during tour time in this deal.
If not, you’re crooked and should be punished for stealing, especially if you feel you have nothing to prove. Yep, this is Sam.
You can lie as much as you want here on earth but you know the truth and so does the Blockchain as it pertains to the 2 Transactions you did verify. B
ut however what you fail to mention is there were 4 CashApp transactions you didn’t verify paid to you and your businesses. So go ahead and enjoy that money.
Sam didn’t you sale t-shirts and security bracelets because of the MikeG Deal? Are you going to refund the people who purchased those items directly from you?
At that time you believed and profited off of the sales of those items. Hence, you should be considered with known prosecutors, charged, and prosecuted also.
Just as you just said about Paris, prove it to us all by submitting what it actually cost to get the t-shirts made, your cost to get the bracelets, and what the people actually paid you for those items.
If not, you’re crooked and should be punished for stealing, especially if you feel you have nothing to prove. “SAM” I am!!!
I was invited by a longtime friend who was invited by a group in Atlanta, GA. I felt from the start that a deal like this was too good to be true.
However, just as one of the commentors here stated; I too invested just a few hundred dollars via CashApp JUST IN CASE it was indeed a legitimate opportunity to receive millions of dollars.
With that being said, and as an avid researcher that I am, I did a little “googling” and found that Mike G had been banned from doing business in the State of Michigan, which was a definite RED FLAG that I shared with my friend.
I agree that Mike G, Garry, Linda and any others that willingly defrauded/scammed people during a time in this world where many people were and still are hurting financially.
It’s nothing shameful nor wrong with folks wanting to believe that there are honest people in this world who would never do what those serial criminals have done and with no remorse what so ever.
I am still receiving “Mike G Deal” emails to this day, even after the SEC and the DOJ have caught them red-handed. -And that is all the proof we need to see and know just how low-down and dirty [he] and [his] cohorts really are to still invite folks to invest in other scams.
My friend is elderly and on a fixed income; just yesterday we spoke on the phone, and unfortunately he is still living in hope that the Mike G deal will pay off as promised.
I will email him this “behindmlm.com” link so he can read for himself and see that IT IS OVER, and the thousands of dollars that he invested IS GONE.
Without a doubt–KARMA shall pay Mike G & all the other criminals involved in that scam a much deserved visit.
I didn’t complete my thought in this sentence here: I agree that Mike G, Garry, Linda and any others, that willingly defrauded/scammed people during a time in this world where many people were and still are hurting financially, should receive stiffer punishments other than having to pay a fine that they all can obviously afford to pay.
I was quite surprised Glaspie wasn’t also indicted. Chandran might have started the scam but Glaspie was He was the face of the Mike G deal.
I believed this crazy story. Had no idea who Mike was, my friend said she knew him for 30 years, worked with him and was a stand up guy. It is hard to understand why she would tell me this.
I feel badly for the few friends I got involved. And I can’t believe Mike still sends emails once a week to get people involved with other scams, and they get involved!
So many send long emails saying how behind him they are…. this world is a scary place, that the law hasn’t stopped him yet is unbelievable.
I used some of my stimulus check from the government And Some money I won playing lottery to get into this. So I guess the government funded this scammer too haha.
Sure, there were things that made me question its feasibility.. like the ever changing storyline, but I sure would like to have made that 15 mil.
Mike tries to clear himself by saying he only repeated what he was told by Gerry, who only repeated what he was told by the “seller” etc and on down the line.
All of them sounded so hopeful and positive on the calls it seemed like they actually expected the deal to close at any moment.
Plus, Mike stayed around to keep giving ‘updates’ which seemed a positive thing at first. Then he kept promoting other ‘opportunities’ which ALSO could never get off the ground.
After Neil’s arrest I figured that if the deal were real some of the high powered people we were told were involved would come to his aid and set the record straight. No such luck. After a month I just gave up on it all.
If Mike is a scammer he won’t pay anything back to us no matter what his “guarantee” says. And Even though the government confiscated 45 million from Neil and IF he is eventually convicted it will take YEARS for it all to conclude and you still won’t get a penny even if they are ordered to pay restitution because the US government acts like a bunch of pirates and keeps all the money they take via ‘Forfeiture’ laws.
No, you did.
While restitution payments to victims can take years, your conspiracy theory is false.
You fell for a scam and got fucked. Leave your “ebil gubmint” bullshit at the door.
Why do you have to be so nasty? Don’t you think he feels bad enough???
Mike g Linda knott all new what they were doing was illegal and wrong and they kept taking donations from us people who wanted to retire rich they all need to pay us back with interest for their lies and deceit.
Here’s a tissue? If you don’t like how I call out bullshit then don’t come on here to bullshit.
The only thing he “feels” bad about is being exposed for the criminal he is. Mike G wouldn’t know a real program if it sat in his lap and hit him up the side of his head with a 2’x4.’
The only thing Mike G is good at doing is talking and his total BS when he is talking.
It says that Glaspie, Garry and Linda spent X $$$ on themselves? How are they avoiding any charges? Surely whatever they purchased should at minimum be confiscated, no?
Or does this just mean no criminal charges but other punishments will be meted out? I guess I am missing something.
Yes no criminal charges. Only Neil Chandran has been criminally charged.
SEC cases are civil.
I admit my ignorance, Oz. Please bear with me. If SEC is civil then who charged Neal criminally?
SEC or not why would they let the rest of the major players go w/o criminal charges?
Finally, are there at least civil court ramifications that Garry, Mike, Linda, et.al will face?
The DOJ charged Chandran in parallel criminal proceedings.
I can’t answer the second question. Third question, read the third paragraph in the article.
Third paragraph mentioned Michigan and Alabama. If I am reading correctly They paid 15K to Michigan and 10K to Alabama plus the cease and desist orders.
So logic says state SEC can hand out fines. So are you hopeful that Mike, Garry and Linda will face substantially more fines?
I don’t know what article you’re reading but this is the third paragraph of this article:
Civil fines are typically part of settlements or judgment against defendants in SEC cases. Along with disgorgement and/or restitution.
That lowlife POS Michael Thomad Glaspie admitted to this scam that ruined thousands of lives. May he burn.
(Ozedit: snip, already covered)
BehindMLM covered Glaspie’s guilty plea as it happened. Added an update link to the article.
Can you send a link to show that Mike admitted it? That is unbelievable!
justice.gov/opa/pr/man-pleads-guilty-55m-investment-fraud-scheme
There are many different and interesting points made by all.
Scam artist.
This is i great news. scam so millions of people.
Well this is so bad for many who have been scammed by all those invloved and that includes those major promotors.
My hope was to receive some urgent lung treatment, but now that is not going to happen.
There are many people who had joined for personal financial reasons and now they are all devastated by all of these dispicable morons who cared nothing for others except to line their own pockets, well KARMA can be a bitch so let’s hope they all get what they deserve.
Well said about karma yes I hope Mike G Linda knott and Neil go to hell cause we’re never going to get our money back.
I’m sending in my victim statement and invoices but probably won’t see any of the money. the courts are still holding traffic monsoon money it’s been 5 years or more never got my money back.
they said they filed my report but haven’t got paid yet so I doubt we’ll get any money back.
Thanks for the enlightenment. It was good to dream.
Not the Mike G I used to know. He has destroyed our lives. He will now plea he is old and has medical conditions.
Throw that to the wind and give him the whole book. F..ck him like he did us.
I was in the of people waiting for this deal to come through I am glad that they are charging.
I have a hard time feeling sorry for those that threw in over 1K. I bought 2 shares at like $26.00 that would have given me a return of like 4 mil.
If one did the math there was no way the deal could have paid back the 1 person who supposedly put in 6 figures unless the company sold for Trillions.
While it is true I did not know about 6 figure man or how many people were involved why would one throw caution to the wind and sink in such large numbers? It was greed… go for broke!
Instead of caution everyone went for the hugest haul they could get.
My condolences amount to this…. I won’t petition the DOJ for my 52+ dollars. I’ll leave it with the FOJ to help you all out with.
Pirate, please do not put people in a box, you did not know their circumstances.
Whatever way you look at this MikeG project, he was a crook and a thief and cared nothing for those who joined the program for their own reasons.
Good for you that you put in what you decided but you were just as greedy for the amount of returns from your own loan input.
Please have a care for the feelings of others and not just your own.
I got into this hellish deal because the woman that introduced me to it, said she knew Mike for 30 years and he was a man of integrity! Evidently she was a scammer too.
This was a tough one because I got friends into it. And of course, even with all the assets all these thieves have, the government will not divy that up for us.
We will not see any money…. my two cents.
Not even close, Elizabeth. Everyone that threw in thousands went right for the billions. Millions wasn’t enough.
Why would any sane and reasonable person throw everything they had (in some cases) at something that couldn’t be researched fully.
I’m not the quickest on the uptake but even I went in with a great deal of doubt. If everyone threw in a small amount and just expected what could be a life changing amount they wouldn’t have been robbed to such an extent.
I only have sympathy for the elderly and/ or mentally challenged that got duped.
Anyone here remember the old addage “If it seems too good to be true it probably is.”?
If 26 dollars was going to get as much as like 2-3 million in returns did anyone honestly think there would be enough capital from the “sale” to cover hundreds of people throwing in thousands?
The clues were all there to merit caution. And yes, I got duped too which is why I am not complaining.
And yes, I believe Glaspie et al should be punished for what they did. Not granting them any mercy but some of you all need to take some responsibility for what happened to you.
What steps does one need to take to file a claim To get what money i out in. Please tel me!!!!
Thanks
There’s no claims process unless a Receiver is appointed.
Oz is right until a Receiver has been appointed you will have to wait until this has been done. In the meantime if you want to complete the following victim statement here is the info.
I am sick to my soul knowing that Mike G is getting away with all the monies he took from me, my daughter and grandson.
I want this SOB to rot in prison. the government should make all of them repay all the money they stole from all of us.
This is pure evil, but I know he’s going to get his comeuppance!
I got taken by Mike G a few years ago for $1,500. He was advertising a site that allowed you to create QR codes for people.
It’s been so long since I had that experience that I don’t even remember the name of the opportunity.
The idea was to lure people to your site by giving away these QR with the end game of selling them other products and services.
I didn’t have all the money upfront so he let me make installment payments whenever I could. I thought he was being a nice guy by allowing me to do it that way, but all the time, he was scamming me.
I never made a dime with the opportunity. I don’t wish ill on anyone, but it’s good to see his schemes brought to light.
Agreed.
I remember the program I was in; it was 2015 when he sold me on his Icanetwork.com.
The site is still up and sold people on the idea of creating their own app for cell phones.
We gave away QR codes to get them to the site, then hopefully they would purchase the app creator for $39 a month.
The scam was so obvious to me from the get go but it was also hard to walk away from. What if…
Why are they getting a slap on the wrist when they took Millions from hard working people?
All assets of Mike, Neil, and all others involved should be frozen EVERYTHING they own. All accounts. Then the judge should divide it up and give it back to the victims.
I’d rather see that then them going to jail. Leave them homeless and penniless. All those cars homes boats can be sold. All of it can be taken by the courts.
Unfortunately Thanos-snap isn’t how the US justice system works.
Due process is playing out. Everything you’re asking for is part of that but has to play out in court.
Is there any money left at all?
Don’t hold your breath. Although his home is up for sale. Most likely to pay legal fees
HEARD ABOUT THE PAYOUTS ,,,,,,,ARE YOU F*****N NUTS?
What payouts ??
Payouts? What payouts? My friend put in a FEW HUNDRED THOUSAND DOLLARS… why? Greed I guess but it’s sad because he is now in financial trouble.
I hope there is something, ANYTHING that can get sent to him.
Many people gave hoping to get but often for good reasons. Starting nonprofits, starting businesses, donating to great causes etc. They played on people’s charity not just greed.
It was all about ..”imagine what you can accomplish to change the world for the better..”
I knew from the get go it was bogus but still invested $500. It was on the way off chance that this crazy dream could happen. I invested a dream more than anything else.
Having listened to a few Mike G calls, it was always about the money. People invested in the deal for the return, nothing else.
E.g.
I understand now this was a securities fraud. Thanks to OZ and whoever put this thread together. I am glad I didn’t get any of my friends or family in this.
If I did I would be guilty of securities fraud also. I think I was embarrassed to even talk about it knowing in my heart it was BS.
Is it possible for all involved to sue Mike G. and the others. What type of lawyer handles this? Would we all just get laughed out of court for falling for this?
This is how Mike has been doing this for YEARS He get a VERY low fine and starts up a whole new scam.
I will not pretend to know people’s hearts and claim everyone was greedy. So what now we all hang our head in shame and walk away. That’s just what they all want.
Mike G just continues his scams and 45 million goes poof… OH well to bad your fault for being greedy. BS!!! What if all the victims pulled our resources and got a lawyer.
This time Mike G is going to prison.
Re. a lawsuit, typically DOJ and regulatory lawsuits take precedent. This results in a stay on any third-party proceedings.
That said, victims have had some success suing other parties involved. This is typically banks, financial service providers and other companies that should have known better but assisted the fraud. TelexFree victims have had a class-action running for years.
With respect to the Mike G deal, I think the pool of third-parties is pretty limited.