Talk of The Villages Florida - View Single Post - Need help for my parents they have GWG L Bonds with Michael Whitaker and Associates
Thread: Need help for my parents they have GWG L Bonds with Michael Whitaker and Associates
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Old 10-03-2023, 09:24 AM
SallyB SallyB is offline
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Originally Posted by Keefelane66 View Post
Yes you are correct
“ A Villager known for luring potential investors with meals at restaurants has been jailed on a long list of fraud charges.

John Michael Gissas, 73, of the Village of Gilchrist, was booked without bond Thursday at the Sumter County Detention Center.

He and his financial firm had been under the cloud of a Securities and Exchange Commission investigation since 2020.

Gissas, who operated Retirement Evolution Group LLC of Wildwood has been accused of raising money for Par Funding, whose owners made “opportunistic loans” to small business owners across America – some at interest rates as high as 400 percent, according to the SEC filing. The Connecticut native raised more than $5.4 million from at least 62 investors for Par Funding through the offer and sale of promissory notes.”
Well Michael was the around $6 million with hundreds of investors. Wonder if SEC is looking at him.