Lawrence Graiber Larry Graeber, Larry Gaber, Lawrence Gaber, Sandton Financial, Ted Cayzer Claims to represent wealthy angel investor but no statements can be verified. I believe he usually asks for upfront fees or due dilligence fees Woodland Hills, California
Got a letter from a company called SAT group in woodland hills CA, offering to finance / fund our business expansion. I believe they found us on gobignetwork. Man calling himself Larry Graeber (making sure he spells his name every time) says he represents a wealthy man named Ted Cayzer, implying that he is connected to the famous Cayzer family. After sending our business plan to him at 20929 Ventura Blvd Suite 472-14 Woodland Hills, CA. He responded and said his investor was interested. I could not verify any of what he was saying and gave no specific details about the past deals he and his investor had made. Did a quick background check and found the mans name was actually Lawrence Graiber he runs (or used to run) a company called Sandton Financial Group. I contacted the Attorney generals office in Los Angeles and they said stay away. The are other independent reports on the internet saying he took them for upfront fees and never delivered anything. BEWARE PLEASE !
4 Updates & Rebuttals
Against Amanda Parisi
Illinois,USA
Please correct the name listed
#5Consumer Comment
Wed, July 13, 2011
The name is NOT Lawrence Graiber. It is Lawrence Graber (no I in the last name). These are two totally different people and not any way, shape or form related. Please correct your spelling. Graber lives in California while Graiber lives in Illinois. Very far distance from each other. I know, I am a relative of Graiber.
Thank you.
Tony R
Orange Park,Florida,
United States of America
Got response
#5Consumer Comment
Mon, May 03, 2010
Hello,
closetfox
Delray Beach,Florida,
United States of America
The story you are about to read is true.
#5Consumer Comment
Thu, April 22, 2010
I also received a memorandum on March 26, 2010 from SAE Group and Larry Graeber claiming to be very interested in my internet startup company. The letter reads:
Dear Mr. :We have evaluated your project. We have decided to make a financial commitment to your project, subject to the terms and conditions of the Letter of Commitment and Agreement. At funding, SAE Group will become a vital part of the total project.
We believe your project has tremendous profit potential for ourselves and for other investors. At our meeting, if we give you final signed approval, we can begin syndicating your project to our institutional investor group.
Please call us at (818) 887-7888, regarding specific details. We are truly looking forward to meeting you.The Letter of Commitment
This agreement between Closetfox and SAE Group, hereinafter referred to as SAE, agree to the following terms and conditions of this agreement:1) SAE agrees to fund as part of the consortium of equity investors the sum of $110,000.00.
2) SAE agrees to release said funds as part of the total funding as stated in agreement dated March 26, 2010.3) No funds shall be released in part but only as part of the total funding requirement.
4) In the event SAE in unable to obtain on behalf of the client the total funding though its efforts within sixty days of the date herein, then SAE shall have no further obligation to perform under this or any other Agreement.5) The total amount of funding required as described in this agreement dated March 26, 2010 is $2,250,000.00 with SAEs obligation limited to $110,000.00 and the balance of $2,140,000.00 to be received by sourced obtained though SAE efforts.
6) In the event client obtains funding though source other than SAE, then SAE shall have no obligation to perform on this commitment.7) The terms of this commitment are contingent on the performance of all terms and conditions of the agreement dated March 26, 2010 between client and SAE, and no commitments are made to client either implied or stated, other than stated herein this agreement between parties, and no modification shall be binding unless signed by the party to be charged.
8) SAE will arrange interim bridge financing on a best efforts basis, provided client qualifies for such financing. Funds raised as bridge financing shall not be construed to be part of the equity investment but may be repaid from the net proceeds of equity funding.9) Dated this March 26, 2010.
10) In the event acceptance and approval of this commitment is not received by SAE Group within seven ( 7) days of the above date, this commitment shall be considered null and void.Okay, so we signed this letter and returned it within the time specified. On March 30, 2010 my key advisor spoke with Larry Graeber who said that he works for Ted Crazer, an Angel investor currently managing $63 million in investment capital. There is a woman who also works for ted that reviews 120 business plans per month and that out of those, she and Larry select the top three to pursue and mine was one of the ones chosen. The deal was simpleTed was going to put up most of the needed capital for 30% of the company plus two (2) board seats out of a total of seven (7) and they wanted out in 3 to 5 years. Sounds goodright?
Soon after that conversation, I received a call from Larry who said that he no longer wanted to deal with my advisor and that he needed to deal only with the CEO. I said fine and he asked if I would make a trip to LA to meet Ted. I assured him that I would make the trip and that he should provide a firm date and time. Note that at no time would Larry provide an email address and I had to call him at 8:30pm EST to reach him.During our call on Tuesday, we scheduled the face-to-face meeting for a week from the next Friday at 12PM his time but it was not until my flight was booked and two days before my scheduled departure that he provided a firm address to meet. Alsosomething elsehe exclaimed that Teddy often throws out a marker. He likes to make sure that we investment seekers are ready to make a serious commitment to the investment group. He said that Taddy must have been in a good mood because he usually asks for $10,000 to $20,000 but only wanted me to bring a cashiers check for $8,600 and assured me that if Teddy does not want to commit to funding the project, I would go home with the check. He further wanted me to call him Thursday night to get the address of the location we were to meet and so that he could confirm that I had everything in orderlike make it to the bank.
Okayso I was born at nightjust not last night. And now it was my turn to look a scammer in the faceno waitthis is where it get good.So I call this guy Thursday night and I tell him that I have everything in order. He sounds surprised and gives me the address we are to meet...6320 Canoga Ave. Suite 1500, Woodland Hills, CA 91367. He explained that Ted Crazer occupies half of the entire floor. I ask him for an alternative phone number where I can either reach him or Mr. Crazer in case my flight is delayed or for some other reason I cannot make the appointment on time and he assured me that he has his phone (818) 887-7888 with him at all times and if there is any delay, just call.
Its now Friday and I am at the airport on time but learn that my Virgin America flight to LA is 1 hour behind schedule because the plane coming from LA (which is the same plane) was delayed. So that makes it about 3:30am Larrys time and I called to leave him a message so that he would have plenty of time to adjust out meeting time. Well, the flight was nice as the plane was only 1/3rd full leaving me an entire row (or two or three) to move about and get comfortable. We land at about 11:30am and I get my rental car and head straight to the Teddys office. I get to the office at about 12:30PM, go to the 15th floor and ask for Mr. Ted Crazer. You are not going to believe thisthe receptionist said who? There is no Mr. Crazer here? Holly Crow! You have got to be kidding me! I said. Then she saiddo you mean Larry Graeber? Whewyes I said with a sigh. She said, surehave a seat and I will let him know you are here. She didnt even ask me for my name or business card.About 5 minutes passed and out walks this man. About 5ft 9in tall, 210 lbs. with a slimy cool hand shake. He offers no business card and in spite of the fact that I have been traveling for nearly 9 hrs, he does not even offer me a glass of water. Also, he looked like he had just rolled out of bed. His solid blue shirt was scared with permanent wrinkles and a half turned up collar and he smells of moth balls. He escorts me to an office he clearly rents by the hour. The office had a L shaped desk, three chairs, a filing cabinet, and a phone. No papers, no computer or laptop, no pictures on the wall, no flowers or pictures of the wife and kidsnothing. He then starts to ask me about my business. Now mind you, I sent this knuckle head a 36 page business plan yet he knows nothing. I then ask for a glass of water. We get back to the office and I walk him though it once more and says yes now I know why Teddy is very interested in your business. He then opens a black three ring binder comprised of 4 pieces of paper, two copies of an agreement on legal size paper and two letter size sheets in a plastic cover. The letters in plastic looked as if he had spilled coffee on the floor and used these letters to clean up the mess. The agreement was a 15 item agreement between me and SAE stating that SAE is not obligated to do anything whatsoever at any time (basically) and as Larry was reading the items, I sat with my arms crossed and watched this guy read as if I had any interest at all in the agreement clearly written by his 9 year old daughter as an elementary school assignment.
Just then I receive a phone call (yes, I know, the phone should have been in silent modeso sue me). I send the call to VM, silence my phone and place it on the desk. He looks at the phone, then me and says you can put that away. I knowweird right?So half way thought the agreement, he stops reading and looks up at me and asked if I had any questions. I had to chuckle and said, You are kidding me right? Where is Teddy? I want to see him right now!
Larry says we need to finish here and then you can meet with Mr. Crazer. You dont really expect me to hand you a cashiers check before I meet the investor do you?, I asked. Larry starts to stammer his words, closes his notebook and says let me see if he is available. He takes everything he had and that aint saying mucha black notebook with four sheets of paper, gets up and walks out of the office. I was sure he left the building. Two minutes later he walks in and starts to explain that Mr. Crazer was expecting me at 12:00pm and that because I was late, he went to Beverly Hills. I then stood up and said I called you at 3:30am and left you a message that my flight was an hour late! Did you get that message? Larry replied no, I havent checked my messages today.There is more to the story but it will co$t you to hear the rest. Suffice it to saybased on my personal experience, Larry is not a very reputable business man and anyone that does business with him does so at his/her own risk.
T W
Ocoee,Florida,
United States of America
Larry Greyber (Lawrence Graiber) SAE Group (SAT)
#5Consumer Comment
Wed, April 14, 2010
Hello Stanley, in response to your post, I also just received a letter from " SAE Group"
I just spoke yesterday to a man who identified himself as "Larry Greyber" and funny he spelled it out for me without me asking him to do so. He claimed to represent, (or at the least strongly implied) that he brought opportunties infront of a Mr. "Theo Cayzer" or Theodore as he followed up with. When I asked about the company he said "Theo" headed a 63 million dollar fund. And he suggested that we meet in Ca. ASAP to go before "Theo" to represent my product. I thought that is pretty strange wanting me to fly from florida with no signed agreement just a brief letter from him claiming to want to finance my request. I could go on with more but no reason, same man different company name, same address and suite # used, no mention of any fees but sure there is hook some where. I agree STAY AWAY!!!!
Thanks again for your post it was helpful to me.
Tom Florida USA
ps. I am also a member of gobignetwork!