Mr. Aldo Gareri – Electrical Engineering and IT Consultant

I have created this website because I have uncovered illegal activities that Goldowsky has conducted over the years, that affect each and everyone of us who have a vested interest in the Magnevad. If you invested cash, or if you provided a service, or if you were gifted stock, as long as you own shares in any of the three companies Goldowsky has operated over the last 17 years, then you are a shareholder and this website is for you. If you were told that your shares in the original Gold Medical Technologies corporation are no longer valid, that may not be true, and this website is also for you.

As a major shareholder, I have a significant financial interest in the success of the Magnevad, but as a heart patient, that interest is much more personal. When you invest in a company, you place your trust in the CEO and board of directors to properly manage the mission and business of the company. That trust is supposed to be reciprocated in the form of fiduciary duty by the directors of the company. Officers of the corporation have a duty to place the interest of the company and that of the shareholders above their own interest. They have an obligation to adhere to the laws governing the bylaws of the corporation. Goldowsky’s actions, as illustrated throughout this website, prove that he has acted in the completely opposite way, and that he has deliberately misrepresented the investment opportunity for self-interest. He has demonstrated that he is incapable of running the company, his actions have constantly compromised the project and the shareholders investments, and his behavior as a fiduciary has been nothing short of reckless.

This is not only immoral, since we have all collectively given him more than $1.4M, and for some of us, many years worth of work, over the last 17 years, but it is also illegal, and with your help I would love to see him spend the rest of his life in prison.

It is important to note, that regardless of my personal feelings towards Goldowsky, which I believe are more than justified, the purpose of this website is not to get revenge but to save the Magnevad, and to be at peace with myself knowing that if things don’t work out in the best interest of the project, that I have done my level best to save it, and there was nothing else I could do.

In the interest of time, I have not itemized all the things I know that Goldowsky has done over the many years I have known him, but please feel free to contact me if you have any questions or wish to share your own experience.

Round 1 – (2005 – 2008)

For the purpose of full disclosure, I first met Mike Goldowsky in 1984 at IBM T.J. Watson Research Center, where we both worked. Over the course of the last 33 years, Mike has asked me to help him with various projects, and I have always been there to lend a hand anytime I could. Whether he needed some help with electronics or a video promo for his radial engines, I have always helped him in every way I could. He has always benefitted from me, and I have never benefitted from him. While at IBM he was always the outcast and after a short time, he was gone. I believe that he was let go, and I heard that he had actually sued IBM at some point.

In 2005 Goldowsky asked me to help him with the Magnevad project, and I was hired as a consultant to provide Electrical Engineering and IT support. My responsibilities quickly expanded to identifying and contacting medical device investors to raise venture capital. I worked long hours, often weekends and holidays, and provided many services that were mission critical for the project.

CLICK HERE to request a detailed accounting of the services I provided during this time.

During this time, I observed how Goldowsky ran the company, how he approached problems, how he interacted with people and most importantly how he conducted himself in critical meetings that I worked so hard to arrange. For my work, Goldowsky paid me with Gold Medical Technologies stock, which he said had been valuated at $36/share due to the value of his patents, the influx of investor’s cash, and the 8 acute animal trials data acquired.

Finally, in 2008 after 3 years of working without a salary, after countless unacceptable episodes of Goldowsky’s personality issues, after realizing that no matter how much effort I put into raising capital he always managed to screw it up, and after realizing what a dishonest and manipulative person this man actually was in the way he treated and used people, I could not take it any more and I stopped my consulting services.

As far as I know, not much was done with the project after that.

Round 2 – (2016 – 2017)Goldowsky kills Magnevad’s best change to be implanted in humans by 2018

On December 27, 2016 I received an email from Goldowsky. Since we had not parted company on the best of terms, I was actually shocked to hear from him. Below is a copy of his email:

The presentation he was referring to was a power point presentation I had created and published on a sub-domain on my server around 2008. Even after all I had been through many years earlier, I had left the power point online so that the Google search engine could index it and people could find it, just as Goldowsky did. My hope was that a VC would stumble across it and decide to invest in it. My desire to see the Magnevad succeed was never diminished by Goldowsky’s actions. But this time it was even more personal and more important to me, because I was now aware that many people I know and care about, including siblings and myself, have heart disease. So once again, I made a decision with my heart instead of my brain, and agreed to research the current LVAD market to assess where the Magnevad stood. I could not accept the fact that if I had said no to Goldowsky, he would have discarded the documents, and I would have been responsible for not giving this potentially life saving device a final chance.

From January 2017 to June 2017 I worked very hard to bring the Magnevad back online. While Goldowsky wanted me to pursue his old failed approach of contacting VCs cold and hope they would grant him a face to face interview and hand him $15M, I told him that I would only take on the job if he promised to stay out of the way and let me do my job, without micromanaging it as he did the last time, and he agreed.

I immediately developed a plan to raise $100K that would be used to create a professional multimedia website that would be informative, and would present the technical merits of the Magnevad to our target audience, in the best possible light. I also had a few contacts in Wall St. who would have been able to assist with raising the Venture Capital needed once I had the website live and they could show investors. I had even scheduled a trip to Virginia to make a presentation to an investor that I had mentioned the Magnevad to.

In summary, shortly after I began to develop the website, as I was doing additional research, I realized that the pathway Goldowsky had set would not lead to a successful outcome. The state of the competition, their share of the market, their name recognition and more than 10 years of human data behind them, would make it impossible for any VC to consider investing in a device that requires more than $40M to get the first human data, and it would take 5 or 6 years to get there after raising the capital. In addition, VCs look at the people behind the project and how they manage the business. Goldowsky, at 74 years of age and with serious personality issues, would not be someone they would consider investing in. This has been proven over the last 17 years that he has tried to get VC investors.

Although my responsibilities as an IT consultant did not include looking out for what is best for the project, the fact that I am also a shareholder with three years of time invested, and that my current assignment was being compensated with stock, made it my business to see to it that the Magnevad would succeed. My concerns were immediately validated by Dr. Naka who told Goldowsky that he had no chance of raising venture capital for chronic animal trials, and that his competitors already had 10 years of human data over the Magnevad. Dr. Naka told Goldowsky that the only chance to get the Magnevad on the market was to partner with a large medical device company, and he promised to talk to Medtronic in an upcoming meeting. Also a financial advisor shared the same view. Unfortunately, when Goldowsky spoke with Medtronic, they told him they were not interested because he did not have enough data.

I told Goldowsky that I felt the same way, and that we needed to find another pathway or we would be wasting our time. I called my good friend in Armenia, Dr. Gasparyan who is the chief of adult cardiac surgery in the largest hospital in Armenia, and I discussed the option of implanting the Magnevad in human subjects and bypass the chronic animal trials. This was a suggestion Dr. Gasparyan had made to me back in 2008, but that Goldowsky thought was impractical and absurd. Dr. Gasparyan firmly believed that the acute data we have was sufficient to justify implanting humans, and he thought it was a great idea and offered to do the implants himself in his hospital. Goldowsky again refused the proposal, but a few days later, after two other heart surgeons also thought it was a good idea, he agreed to do it, and asked me to go ahead.

Dr. Gasparyan and I identified a pathway to validating the Magnevad by the end of next year 2018, and for only $500K. In contrast to validate the Magnevad in humans through Goldowsky’s pathway it requires raising more than $40M, which would most likely never be raised, and 5 to 6 years of time. As Goldowsky admitted in his email to me above, investors want a return on investment within 12 to 18 months, therefore his pathway is essentially Dead On Arrival, whereby mine is exactly on target. Even in the unlikely scenario that the money could be raised to do the chronic animal trials, by then the competitors would have almost a 20 year advantage of market penetration and name recognition, making it harder if not impossible, for the Magnevad to succeed.

Unfortunately after I dropped this golden goose on Goldowsky’s lap, as usual he decided to kill the goose.

He asked me to offer Dr. Gasparyan certain compensation and then after the doctor had already done so much work in good faith, Goldowsky went back on his word and refused to sign the agreement.

Furthermore, since the scope and mission of my original consulting agreement had completely changed, I asked for a new agreement, and during the course of 13 days he changed the terms 15 times, and that’s only for the written agreements, not counting the several versions we agreed to on the phone, and then he would write something completely different.

After I had already done more than 800 hours worth of work, designed the website that was supposed have been funded by the original $100K we were going to raise, after I incurred $22K in costs for contractors that worked with me to get the website done, after I spent countless hours writing video scripts for testimonials for Dr. Lafaro and Dr. Gasparyan, traveling more than 6 hours at my expense to record the interview with Dr. LaFaro, and then edit both testimonials from Dr. LaFaro and Dr. Gasparyan, write the website copy and much much more, he arbitrarily decided he was only going to pay me 20% of the cost we agreed to. He approved and was aware of all the work that was being done every step of the way, and I even had him review the site before putting it live. He said that the website was better than the competitors and that he loved it. But being the dishonest person he is, he felt that now that the work was done, he could extort me to accept anything he wanted or I would get nothing at all.

Since time was of the essence, and Dr. LaFaro had a couple of potential investors lined up, I even agreed to accept some of the absurd terms he wanted, but what blew the deal up was the fact that he would not accept a standard boiler plate breach of contract clause. He obviously had every intention of breaching the contract with me, and not pay me anything at all, so my past experience with him told me to walk away.

So he told me to stop my consulting services immediately, and he refused to pay me for the 6 months of work I had done. He even had the nerve to “forbid me” from talking to Dr. Gasparyan, because he said that Dr. Gasparyan was Dr. LaFaro and Dr. Reed’s contact not mine. To his surprise he discovered differently, and Dr. Gasparyan refused to participate in the project without me. I did not ask him to withdraw, but Dr. Gasparyan is a great friend and someone with decent values and a good sense of loyalty. These are things that are all foreign to Goldowsky, as he is so self absorbed.

Dr. gasparyan and I had accomplished in just a couple of months, what Goldowsky had been incapable of doing for 17 years. For the very first time, we had finally found a golden opportunity to validate the Magnevad in human subjects. We had the perfect “A” team with more than 9 years of project knowledge all ready to go, and this was the closest we had ever come to realistically getting human data, and Goldowsky destroyed everything so many of us had worked so hard for.

Because he refused to even give me the stock we had agreed to, I told him that I would sue him, and his answer was “bring it on! it’s going to cost you a ton of money and you would have to sue me in SC, so you’re never going to do it, and you don’t have any basis for a law suit“. Well , that certainly motivated me to do some research on how Goldowsky has been running this project, and I found a wealth of information that I felt obligated to share with others, who like me, have been manipulated and victimized by this miserable scum.

Some of the things I have uncovered are worse than others, but they all lead to the conclusion that this man has a pattern of planning and executing illegal actions for the purpose of self enrichment at the expense of others. All of us who own any stock in the project are the proud owners of paper that is worth less than toilet paper. Since I have discovered some very serious things Goldowsky has done to all of us, I have decided that enough is enough and he must be held accountable for defrauding all of us. I also know that he has used your money for his own personal use.

I truly hope that you find the information on this website useful, and that it will help you get your investment back by working together to save the Magnevad and restore our equity.