September 23, 2006

Goldowsky deliberately bankrupts Gold Medical Technologies to avoid paying judgment

Since incorporating Gold Medical Technologies on August 22, 2000, Michael Goldowsky raised over $1.4M from private investors, most likely in violation of SEC regulations pre-dating the Jobs Act of 2013. He also contracted the services of many professional consultants to advance the Magnevad project. However, while Goldowsky convinced many well-intentioned individuals to provide critical services for no money up front in the name of “SAVING LIVES”, he ultimately manipulated them into giving up countless personal time and critical services, and then he breached the agreements he had made with them. He took their hard work that was worth several thousands of dollars, and even more to the Magnevad project, and left them with nothing. These well planned and calculated SCAMS, landed Goldowsky in and out of courts several times. While most victims decided that it was not worth the time and money to sue such an unscrupulous man, others did sue him and won. After his unethical conduct and incompetent management cost the company tens of thousands of dollars in judgments, Goldowsky decided that the next immoral decision he could make was to file for bankruptcy to avoid paying the judgments.

CLICK HERE to see the court document

CLICK HERE to see the list of creditors affected by the bankruptcy