World

Faith: The Secret to Sustainable Success,’ explains Pastor Mike Signorelli

Published

6 years ago

October 25, 2019

Modern life can be stressful. Through all of the demands, responsibilities, tasks, and expectations, it can be challenging to see a path to sustainable success when everything seems to be hanging by a thread. This stress can make us feel as if one wrong move could cost us everything, but that isn’t necessarily the case. We’re simply distracted, and some extra guidance may help. Pastor Mike Signorelli knows just how vital the role of faith is in building sustainable success. In fact, he an entire church around this ideology.

Mike Signorelli is the founder and lead pastor of V1 Church, one of New York City’s growing churches. The church is even popular with agnostics, atheists, truth-seekers, and is being nationally recognized for its growth. The church has opened two locations in the last two years, both in a region where less than 5% of people attend church. This is a colossal accomplishment because parishioners gravitate towards Mike’s practical application of faith in their daily lives.

“In the context of our busy lives, we need the language and relationships that fortify our souls,” stated Mike. As a pastor, he understands how those facts help us build each other up and lead truly successful lives. Motivation comes from within, but an accomplishment is a product of embracing positive, external factors that propel us to see our dreams to fruition. “We are not necessarily looking for organized religion or another set of rules, but we are longing for the metaphysical amid personal difficulties,” he further explained.

At V1, the focus is not on past rules or rituals that are turning modern society away from the concept of churches; but instead on spiritual significance, which is something everyone can benefit from. “It all began when I attended a conference by a renowned futurist, during which he explained that as global access to necessities increases, the single greatest need for the future of humanity would be spiritual significance. It was an eye-opening experience”. Mike knew right then and there that his dream of creating a church in one of the world’s busiest cities was not just a dream, but a necessity. He claimed, “We share faith and spiritual connection in our church so that we can lift humanity together towards Christ, which means true success for every one of us.”

Mike Signorelli built V1 Church to help his parishioners realize and reach their potential. With the one campus located in Farmingdale and a second in Glendale, V1 Church shows no signs of slowing down. People continue to flock to their services, building their faith, and using the positive energy to launch themselves further in their careers, relationships, and lives, all for the greater good.

World

TRG Chairman Khaishgi and CEO Aslam implicated in $150 million fraud

Published

7 days ago

June 23, 2025

Jenny Jackson

In a scathing 52-page decision, the Sindh High Court has found that TRG Pakistan’s management was acting fraudulently and that Bermuda-based Greentree Holdings historic and prospective purchase of TRG shares were illegal, fraudulent and oppressive.

The Sindh High Court has further directed TRGP to immediately hold board elections that have been overdue and illegally withheld by the existing board since January 14, 2025.

In the landmark ruling, the Sindh High Court has blocked the attempted takeover of TRG Pakistan Limited by Greentree Holdings, declaring that the shares acquired by Greentree, nearly 30% of TRG’s stock, were unlawfully financed using TRG’s funds in violation of Section 86(2) of the Companies Act 2017.

“Having concluded that the affairs of TRGP are being conducted in an unlawful and fraudulent manner and in a manner oppressive to members such as the Petitioner (Zia Chishti), the case falls for corrective orders under sub-section (2) of section 286 of the Companies Act,” Justice Adnan Iqbal Chaudhry concluded.

The case was brought by TRGP former CEO and founder Pakistani-American technology entrepreneur Zia Chishti against TRG Pakistan, its associate TRG International and TRG International’s wholly-owned shell company Greentree Limited. In addition, the case named AKD Securities for managing Greentree’s illegal tender offer as well as various regulators requiring that they act to perform their regulatory duties.

The case centred around the dispute that shell company Greentree Limited was fraudulently using TRG Pakistan’s own funds to purchase TRG Pakistan’s shares in order to give control to Zia Chishti’s former partners Mohammed Khaishgi, Hasnain Aslam and Pinebridge Investments.

According to the case facts, the Chairman of TRG Pakistan Mohammed Khaishgi and the CEO of TRG Pakistan Hasnain Aslam masterminded the $150 million fraud. They did so together with Hong Kong based fund manager Pinebridge who has two nominees on TRG Pakistan’s board, Mr. John Leone and Mr. Patrick McGinnis.

According to the court papers, Khaishgi, Aslam, Leone, and McGinnis set up a shell company called Greentree which they secretly controlled and from which they started buying up shares of TRG Pakistan. The fraud was that Greentree was using TRG Pakistan’s funds itself. The idea was to give Khaishgi, Aslam, Leone, and McGinnis control over TRG Pakistan even though they owned less than 1% of the company, lawyers of the petitioner told the court.

This was all part of a broader battle for control over TRG Pakistan that is raging between Khaishgi, Aslam, Leone, and McGinnis on one side and TRG Pakistan founder Zia Chishti on the other side. Zia Chishti has been trying to retake control of TRG Pakistan after he was forced to resign in 2021 based on sexual misconduct allegations made by a former employee of his. This year those allegations were shown to be without basis in litigation that Chishti launched in the United Kingdom against The Telegraph newspaper which had printed the allegations. The Telegraph was forced to apologize for 13 separate articles it published about Chishti and paid him damages and legal costs.

After Chishti resigned in 2021, Khaishgi, Aslam, Leone, and McGinnis moved to take total control over TRG Pakistan and its various subsidiaries including TRG International and to block out Chishti. The Sindh High Court’s ruling today has reversed that effort, ruling the scheme fraudulent, illegal, and oppressive.

It now appears that Zia Chishti will take control of TRG Pakistan in short order when elections are called. He and his family are now the largest shareholders with over 30% interest. He is closely followed by companies related to Jahangir Siddiqui & Company which have over a 20% interest. The result appears to be a complete vindication for Zia Chishti and damning for his rivals Aslam, Khaishgi, Leone, and McGinnis who have been ruled to have been conducting a fraud.

TRG Pakistan’s share price declined by over 8% on the news on heavy volume. Market experts say that this was because the tender offer at Rs 75 was gone and that now shares would trade closer to their natural value. Presently the shares are trading at Rs 59 per share.

According to the court ruling, since 2021, shell company Greentree had purchased approximately 30% of TRG shares using $80 million of TRG’s own money, which means that that the directors of TRG Pakistan allowed company assets to be funneled through offshore affiliates TRG International and Greentree for acquiring TRG’s shares – a move deemed both fraudulent and oppressive to minority shareholders. The Sindh High Court also found illegal Greentree’s further attempt to purchase another 35% of TRG shares using another $70 million of TRG’s money in a tender offer.

The ruling is a major victory for the tech entrepreneur Zia Chishti against his former partners and the legal ruling paves the way for him to take control of TRG in a few weeks.