The Lawsuit is by Tom Covelli and it’s entitled “Covelli Ventures.” In case you haven’t heard of Covelli, he’s an investor who believes that people shouldn’t have to work for a company just because they have money. His book talks about how you can invest in a business and then get out once the corporation is a success. Basically what happens is that Covelli goes into companies and makes a lot of money off of the people who work there. It’s a good story, but one has to wonder if it could happen in real life.
Covelli Enterprises Lawsuit
Tom Covelli started his career as an attorney. Before he ever tried his hand at investing, he was an attorney. He clerked for a Supreme Court Justice. There he picked up a little bit of the entrepreneurial spirit and became fascinated by it. He wanted to know everything there was to know about business and making investments.
Later on, he went to work for Wilson Electric where he became an operations manager.
This position allowed him to become very good at his job. It also led him to create his own company called Management Services Corporation, or MSC. Later, with a little help from a friend Covelli went to work for Energy Brands International, or EBI, where he honed his skills even more. Eventually he became the Chief Financial Officer of EBI, and before he did that he worked with the international brokerage firm Merrill Lynch.
From there he went right into his own company, Covelli Enterprises, and started his company trading futures contracts.
This was something he had wanted to do since he was in college. By the time he got into MSC, Tom Covelli Enterprises was ready to launch its first product, the Global Forex Trading System, or GFT. It’s a software program that allow people to enter data and financial information, and it processes it so that it can be used all over the world for Forex trading.
Tom Covelli wasn’t involved in the actual design of GFT.
The company did that all on their own. But, they did use some of his ideas. The company did use some of his formulas in the initial stages of their development, as well as some of his management techniques. It was during one of his classes at MSC that Tom learned about the lawsuit filed against him and decided not to deal with it any further.
Tom Covelli then found a way to get out of the lawsuit and he settled out of court with MSC for undisclosed terms.
It was during this time that Tom began to learn about computers and developed a great idea for a computer software program that allowed people to enter large amounts of information without it being too much of a problem. It would be similar to what he had learned about markets in his business, but instead of using real money for transactions it worked by using virtual money. The original name for this software was Moxxi and it was later named Cryptocash.