So Now I Am A Disgruntled Investor...

Came back from vacation this morning to face 631 emails, 122 of which were regarding our hero and 6 of which were with respect to his newest product (read: scam), The 10x Oscillator Fund. Near as I can figure, this fund is much like the CU Swing Equity Fund where Mike is claiming that he has bank funding to the tune of 10 times the investment principle. Uh, no! What Mike does have is a day trading account at Active Trading Network, which provides him (as most day trading accounts do) with 1000% leverage. Once again, Mike is claiming that the investor's principle will be returned within 30 days (15 by some accounts) and that profits from the trading scheme will be distributed on a bi-weekly basis. To underwrite the principle, Mike is once again binding a Fidelity Bond. In the past, Mike has not kept up the payments on these bonds and the investors are left holding the bag when he either loses the money or absconds with it.

More frequently, Michael keeps coming up against this blog when having to sells his marks on his schemes. His newest explanation of his adversary (me), is that I am a disgruntled investor. Well as disgruntled as I am, my gruntlement cannot be attributed to anything like a lost investment. As I have documented well here, Michael and Harold Gregg owe me approximately $500,000 on a judgment for fraud, their share of the pie in the Victory Capital Holdings scam. I am happy to say that I never gave these con artists a dime.

What is truly amazing here, is that Mike is so good at what he does, he still has suckers who are willing to take him at his word, even with everything posted on this blog. One such emailer, wants to believe Michael so much, that he has asked me to produce further evidence of my allegations. Well kids, I am not here to do your dirty work. I run this blog for free. I point you in the proper direction and the rest is up to you. But if I can find it so can you. Still, I'll throw you a bone and provide you with the link to a similar scheme that was run by Mike a few years ago, known as Principal Mortgage Fund. Within the link to the SEC filing, you can see that a binder was written for a Fidelity Bond. Guess what? Payments were not kept up here either. Furthermore, you will note that Osborn co-conspirator Harold Gregg, was identified as General Counsel for the Principal Mortgage Fund. Ladies and gentlemen, as I have tried to beat into your heads for some time now, Harold Gregg is not an attorney and has not been since 1978. Although Mr. Gregg would have you believe otherwise, a Juris Doctorate degree alone does not make you an attorney, does not give you the right to practice law, and most certainly does not give you the authority to act as General Counsel for anything.

While you are at the SEC website, why not also look up Principal Capital Group. This was another funding source for Michael's day trading habit and high lifestyle. In one year, Michael lost $2 million of investor funds and was subsequently kicked out of his posh offices and fancy house both in Fullerton, CA and both for non-payment of rent. Still, he was left with a beautiful BMW and Range Rover, amongst other investor funded luxuries.

P.S. I was disappointed to hear that Investment Broker Anthony Hruska is still enabling Michael's schemes, including the 10X Oscillator Fund. It appears like many before him (see Attorney Sean Morrissey and Detroit Restaurateur Gregg Gedda, amongst countless others), Mr. Hruska is letting himself be mesmerized by tales of untold riches, while refusing to look at the clear view in front of him.

Invest wisely. Do your homework.