This website is dedicated to making the public aware of Michael Todd Osborn aka Michael Osborn Ison. In the past, Osborn has performed cons under the guise of Commissum Universes, LP; Principal Capital Group, Inc., Legacy Capital Group, Inc,,,,,, and Currently, he runs his confidence schemes under Commify Technology Corp. Here, you will enter the world of this confidence man and gain insight into his scams. Hopefully, some of Osborn's future targets will benefit from the experience of others.

Harold Gregg, Virgil Williams, Corey Engelen, Jehu Hand, Aniko Kaye, Anthony Hruska, Michael Porter, Christopher Laursen, Clinton Greyling, Thomas Parilla, Alexandre Scheer

SCAMS MICHAEL HAS PARTICIPATED IN:, Fortitude Group, Inc. (FRTD), ThePumpTracker Fund, Victory Capital Holdings Corporation, Principal Capital Group, Inc., Virtual Gaming Enterprises, Commissum Universes, LP, Las Vegas Airlines

MICHAEL'S CURRENT SCAMS : Commify Technology Corp., Genesis Gives, VW Win Century, Inc. (OTC Pink: VWIN), Star Alliance International Corp. (OTC Pink: STAL), Inbit Corp. (OTC Pink: INBT)

KNOWN ALIASES: Jerry Lambert, Michael Lamont, Tom Furlong

Sunday, March 12, 2017

SEC Files New Litigation Against Michael Osborn, Shenae Osborn and Virgil Williams for the Scam

Much as I had previously predicted, on March 9th, civil charges were announced by the SEC against VIPWallSt, Inc., Michael Todd Osborn, Shenae Catherine Osborn and Virgil Gene Williams for ripping off dupes for over $400K under the scheme.  VIPWallSt, a Delaware corporation created by Michael, was the purported owner of the website. Shenae was the CEO of VIPWallSt. and had sole control over its financial accounts.

While criminal indictments have not yet been revealed, I have reason to believe that they exist.

According to the court filed complaint, Michael and Virgil solicited subscribers to their website to become investors in At least seven investors contributed to the scheme. These dupes signed Equity Participation Partnership Agreements under which AgedDebt purported to purchase convertible notes against public companies, convert them to stock and then sell the stock into the market. Profits were to be split 30% - 70% with the Osborns and Williams to receive the lion's share. Shenae signed most of the agreements on behalf of She was also the only signer on the bank account.

As is common for Michael, phony account statements and trade reports were distributed to investors and Mike and Virgil made verbal misrepresentations on the telephone. Mike used the alias "Tom Furlong" when dealing with investors in order to hide from his past crimes and escape this website, Attempts to elude this blog were in vain, as I had already exposed Mike's involvement prior to the unsealing of the indictments in the Commissum Universes scheme.

Shenae in October 2016
Of the over $400,000 that was raised from investors, only $5,000 was used to purchase notes, even though the website listed several transactions.  The rest of the money was pocketed by the crooks. Shenae personally authorized the transactions that enabled the misappropriation of funds.

The Osborns were last reported to be living at a New York hotel at the cost of almost $12,000 per month. Since Michael's incarceration for the Commissum Universes scam, Shenae and the kids have apparently disappeared again.
"Michael Osborn and Shenae Osborn controlled VIP’s financial accounts and knew investor funds were not used to purchase convertible notes or other rights to securities, but were instead used to pay personal and other expenses."
Virgil Williams
During July 2015, the website stated that it had begun returning funds to the investors. It stated, “As of today’s date, we have paid out the largest partners and are now down to 7 partners remaining.” In reality, not a single dime was returned and their were only seven "partners".  The statement was issued in an attempt to temporarily provide comfort to the victims of the scheme and provide false hope that their monies would be returned,

According to the complaint, the Osborns had already spent almost all of the stolen funds.  It seems fantastic that they could have spent more than $400K that quickly, but in the past the Osborns have shown that they have the ability spend money fast. At least $5 million has disappeared in the last 6 years. I would however imagine that a few dollars have been socked away under a mattress somewhere in case of emergencies like Michael's incarceration. The complaint states that Shenae withdrew $250,000 in cash and cashiers checks from the VIPWallSt bank account.

Virgil Williams' take from the scheme was not specified in the complaint, other than to say that he "was compensated".

Michael, who is now imprisoned at the Canaan penitentiary in Pennsylvania, is scheduled to be released on June 22, 2022, but I wouldn't bet on that happening.