In addition to the allegations against Michael J. Colonna we've learned that several other "friends" and business associates of Mike and Shannon Colonna were bilked out of thousands and thousands of dollars. These friends were each told a complex series of lies to get them to invest in several of the companies run by Michael. Those companies being Advanced Computer Sciences which is now known as World Class IT; Gencom; and Isotek International. Friends took out loans for Mike and Shannon to start up Gencom and then never paid them back a penny. They used "friends" social security numbers to open lines of credit or take out credit cards without their friends knowledge. They borrowed money for cars, computers, software, funeral expenses, and god knows what else. They used the shield of their church and religion to build credibility and sucker friends into giving them money for any reason they could dream up.in return they gave their friends checks that bounced, and bogus Gencom share certificates to make them feel they were getting something of value in return for all the loans they'd given Mike and Shannon.in order to keep all the lies straight and not have neighbors and friends sharing stories and learning the truth about the Colonna's, the Colonna's would fabricate awful lies about each of their friends so that other friends and neighbors wouldn't associate with them and learn how much money they were owed by the Colonna's. Michael had contracted for work with the State of California but even after he was terminated, he continued to play on his friends sympathies by telling them the State budget crisis had left him without income and that the State owed him over $50,000 in back payments. Friends would feel sorry for him and loan him even more money! Investigations to date indicate that since 2005 the Colonna's swindled over $1,000, 000 from unsuspecting friends, colleagues, property owners, businesses, and attorneys. They hadn't paid rent for over 15 months and were finally evicted in June. They've since stored all their furniture and moved to parts unknown without any forwarding address. Beware of these individuals as they will lead you a merry chase and take all your money in the process.
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