I Invested $30,000 with Michael Blumenthal in 2007. I've Never recieved any balance sheets, Profit & loss statements or cash flow statements. Occasionally Michael Blumenthal would post an extremely vague "Progress Report" on the investor's section of his website. These "progress reports" often would conflict with each other, so Michael Blumenthal would usually delete the old "progress reports" when he would post a new one.
Michael Blumenthal originally said it would take about six months to get the unit up and running. After a couple of years, he finally posted a message that said the unit was running "at a hospital in Alabama". After numerous searches over a period of years, I've been unable to determine that the "Medical Diagnostic Center" ever existed at all.
So far it appears that the whole thing was a scam. I will make further postings as investigators turn up more information.
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