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Report: #384839

Complaint Review: The Schiltz Companies, MORTCO - Houston Texas

  • Submitted:
  • Updated:
  • Reported By: Houston Texas
  • Author Confirmed What's this?
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  • The Schiltz Companies, MORTCO Misty Meadows Houston, Texas U.S.A.

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Michael K Schiltz who resides in Houston, TX and/or Oakley, KS alleges to be a private investment fund manager who operates under the names of The Schiltz Company, MORTCO, www.ecrater.kalmari.com. and other aliases.

Michael K Schiltz claims to have a Masters Degree in Finance, but that is unverifiable.

Michael K Schiltz alleges to manage money for a small group of unsuspecting investors whose money he has admitted to spend and invest as he pleases without the knowledge or consent of his "clients".

Michael K Schiltz self-reports that he is a heavy user of "prescription" mood-altering drugs.

Michael K Schiltz has been arrested for disorderly conduct involving a Houston Police Officer and has been sued by the Memorial Club townhouse association where he owns property.

Michael K Schiltz self-reports that he has a zero net worth, while advertising for sex partners on millionaires.com dating site.

Michael K Schiltz self-reports that he does not "keep books" for his "investments" or "investors" except at the end of the year when he must report to his unsuspecting investors.

Michael K Schiltz is known to personally profit from business ventures when his "investors" or partners break-even or lose money.

Michael K Schiltz admits that he has not filed income tax reports for over two years since he is undergoing a contested divorce and is attempting to hide assets from his legal wife while having a tumultuous, romantic, sexual affair with his cousin, Carolyn, near Oakley, KS.

Michael K Schiltz is known for usurping business ideas from investor seekers and is known to pirate imported goods from prospective business partners.

I strongly advise that anyone seeking the services that Michael K Schiltz alleges to offer thoroughly investigate him and consider other service providers who are honest and have integrity.

Husky
Houston, Texas
U.S.A.

This report was posted on Ripoff Report on 10/25/2008 05:35 PM and is a permanent record located here: https://www.ripoffreport.com/reports/the-schiltz-companies-mortco/houston-texas-77080/the-schiltz-companies-mortco-dishonest-funds-manager-steals-business-ideas-houston-texas-384839. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
0Author
4Consumer
0Employee/Owner

#4 Author of original report

Michael K Schiltz, MORTCO, The Schiltz Companies

AUTHOR: Anon - (U.S.A.)

POSTED: Tuesday, January 06, 2009

In a final attempt to personally address unresolved issues with Michael Kent Schiltz, I placed a phone call to him this evening seeking to discuss and resolve our differences.

Mr Schiltz answered defensively and angrily and accused me of all manner of malfeasance. Indeed, we had two subsequent heated conversations with similar result.

However, most notably, Mr Schiltz accused me of being a "false god". I have no idea what he meant by that comment and will therefore refrain from responding.

IMHO, Mr Schiltz is a danger to himself and to others. More importantly, IMHO, Mr Schiltz is in desperate need of psychiatric intervention and/or medical assistance.

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#3 Author of original report

Michael K Schiltz, MORTCO, The Schiltz Companies

AUTHOR: Anon - (U.S.A.)

POSTED: Tuesday, January 06, 2009

In a final attempt to personally address unresolved issues with Michael Kent Schiltz, I placed a phone call to him this evening seeking to discuss and resolve our differences.

Mr Schiltz answered defensively and angrily and accused me of all manner of malfeasance. Indeed, we had two subsequent heated conversations with similar result.

However, most notably, Mr Schiltz accused me of being a "false god". I have no idea what he meant by that comment and will therefore refrain from responding.

IMHO, Mr Schiltz is a danger to himself and to others. More importantly, IMHO, Mr Schiltz is in desperate need of psychiatric intervention and/or medical assistance.

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#2 Author of original report

Michael K Schiltz, MORTCO, The Schiltz Companies

AUTHOR: Anon - (U.S.A.)

POSTED: Monday, January 05, 2009

Regrettably, I must post this update due to the fact that Mr Schiltz has issued statements indicating that he is fearful of harm that might come to him and/or his family as a result of this complaint.

Mr Schiltz continues to refuse to respond to this complaint in a mature, professional manner and instead has chosen to disseminate absurd and unfounded comments because he presumably has no other substantive rebuttal for his unethical behavior.

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#1 Author of original report

Michael K Schiltz, MORTCO, The Schiltz Companies

AUTHOR: Anon - (U.S.A.)

POSTED: Monday, January 05, 2009

While everything stated in this report is true and accurate, I have asked the publisher of Ripoffreport.com to remove this record or allow that it be revised, solely because I regret having allowed a business dispute to become a personal matter.

The publisher has refused this request citing such would be a violation of their stated policy. Having been accused of "extortion" by Mr Schiltz as a result of this complaint, I understand and agree with the Publisher's policy.

Although Mr Schiltz has verbally acknowledged that the original complaints levied against him were "right" and has since issued a non-specific written apology, he has refused to discuss the continuing dispute in a mature and professional manner.

Moreover, he has continued to conduct himself in a manner indicating that his apology and acknowledgment were insincere.

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