Complaint Review: GARY TREMAYNE SANFORD

Entered into a private equity program on september 8th, 2014 with gary sanford the contract clearly states it goes into an effect immediately that stated he promises to return 10 times the amount of my money wnich in turn is 300k no more then 30 days. The contract clearly states i will get all  due diligence documents in a timely matter well the whole month of september he kept blaming it on the main principle in the tranaction coulette that she was lagging on sending me my paperwork at that point he was ignoring my phone calls and textes.

So month of october i did my own due diligence and got a hold of coulette and she informed me that she was in no contract with gary sanford at that point i confronted gary on where my money was invested he said minium investment was 50k and i only sent him 30k and i said you told me you would except the 30k and made me a contract for 30k cause you were investing 250k of your own money as well and you said that they payout wasnt enough cause you had to make the broker who referred me 300k as well so you invested my money somewhere else i asked where and he never told me.

Then i get a text from gary nov 1, 2014 he said 1 million hit is account he will go to the bank on monday to see if he can get it out sooner he said they had set him up a premiere account as he has 800k in and out wire transfers.Then i get a text message from gary nov 17th 2014 saying"im hustleing rick to get getting these funds out of wells fargo i got two deposits that froze my access thats all im working on funds shoulbe flowing this week.Then he said my private bank is frozen just until they accept the funds and are sure no fraud.

Then after countless text messages and phone calls i finally here from gary on nov 29, 2014 with a rude text message typical scammer reply havent seen my family in 4 years im not in atlanta on business. Its the holiday and now weekend as i just told my broker ill be back in sa tomorrow night will talk monday morning. Yes im with family at 9 pm on saturday its not biz time. The i told him he wants me to chill out and i told him if he would respond in a timely matter like normal peoplewe wouldnt have this problem he responded its a d**n holiday and weekend....period i spoke to my broker a name i dont want to mention on the phoneprior to that im done responding.

Then when i talked to him on mondsy on the phone he was apologetic and said he has investments coming in and since its the holidys it might be delayed but he will borrow the money if he has to to pay me.

Later that week he send me a reference wells fargo investigation with an agent from the fbi said they were investigating some collegues of gary about how the wire that came in was less then what he wired to them.

Then on december 5th 2014 i get a text from gary saying he is hustling to get me repaid that he has sent out partial payments of 5k to 4 people and said he got 2 friends that may loan him 30k each to repay me.

The same day he texted me saying funds in and out its december the trades are normally closed till mid january so im trying to pull out funds from other programs or borrow the funds to pay u. Then another text saying on or before the 22nd of december 2014 am repaying as i get funds in. Then he said he is working hard to repay me as his legal advice was to not pay anyone.

Then on december 20th he was waiting on 180k, 100k 4.9 million and 6k to hit his account.

Then i didnt hear from gary sanford till january 19th 2015 after another countless text messages asking for my email address like didnt have it but anyway i palyed along with his game and sent it to him. This is what the email said So I am getting emails, texts and voice messages cursing me out, saying who is going to come see me etc.  That's all fine and dandy, but let me make a few statements first.
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>> YES the money you invested was lost, misappropriated, stolen or whatever term you wish to use its gone.  I however did not profit in any program with your funds, use your funds, keep your funds, give your funds away, pay bills with your funds or anything to that affect.  
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>> Here is what I will not do.  I WILL ABSOLUTELY not repay anyone with funds currently in my accounts.  I lost money as well, I have lost funds before and haven't received one red penny back it goes with investing as I told EVERYONE prior to sending me funds.  
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>> DON'T INVEST WHAT YOU CANT AFFORD TO LOSE.
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>> So Jim Jensen with the FBI/ICE office here in San Antonio has the case and is doing work currently on Arnold Millman, Richard Racette, and Raymond Hoyt.  I had to see him 3 times and he met me at the bank and we traced ALL funds that came in and the amount that went out was more than what came in so there is nothing criminal that I have done in this situation regardless what a few of you legal beagles want to chatter about.
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>> I also have a life.  I am working hard to recoup what was lost.  I have received 2 payments from small deals of 60K and 30K.  I owe those on this email the total amount of 105K and I am not going to do any partial anything to anyone at anytime.  I have reinvested those funds and expect 100K by 30 Jan and another 105K by 12 Feb.
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>> You can blame me I am more than man enough to handle the blame, but how many of you so called "investors" can even handle the risk of investing?
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>> For those of you who want to call my parents, curse at me etc please explain how that will move me to want to pay you back when I don't have YOUR funds.
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>> I accept a percentage of the blame in this situation and that's why I am going to repay what you lost when everyone around me is telling me not to pay any of you a dime.
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>> I am working diligently to recoup and repay you all.  I will add this though.  The next person to call me out of my name in a text, email , voice mail etc my efforts will absolutely cease and I'll look forward to seeing you in court.

Then i didnt hear from him till yesterday after my broker confronted him that i was going to write a rip off report and file a criminal and civil case against him he emailed him this  he can do whatever he feels I am so not worried one bit.  The email below he received well you did and I assume you shared it with him as it states who and where the money went to and for what and when.  Since he has his Wells fargo contact he can validate the below.
> He can do his little ripoff report just let him know his verbiage better be 100% on point or that a*s is mine point blank period.
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> He signed a loan contract as he was never ever principle   The only way to prove breach of contract is to prove intent....Again I am so not worried about criminal or civil......
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> You can keep this for yourself or edit and send to your fake investor Rick who wants a guaranteed sure thing with zero risk to his funds.
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> Funds went here:
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> SWIFT WIRE PAY ORDER INSTRUCTIONS
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> AMOUNT TO BE TRANSFERRED $145,000.00 USD sent on 28th/29th of October 2014.
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>Conclusion: I got into a contract with a gary sanford on september 8th 2014 the contract clearly states no longer then 30 days. Gary thinks he hasnt done nothing wrong as you can clearly see he never invested 250k he also stated that the investigation was because what he wired more then what came in but thats not the case he said 1 million hit his account on nov 1 st 2014 from his email yesterday clearley states he wired 145,000.00 which 1 million dollars is alot more then 145,000.00  which doesnt make sence to me. Contract also dont matter to gary as we went into contract on sept 8th 2014 no more then 30 days as you can see by his email he didnt even invest till october 28th 2014 thats probably the reason why he never sent me where my money went till yesterday. Clearly contracts dont matter to gary he thinks he can invest investors money when he feels like it and where he feels like it and nothing is wrong with that.    
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