Michael Gale Wasaia - new scam Michael Gale's latest scam, again ripping off people Abu Dhabi Abu Dhabi
Wasaia is Michael Gale's latest scam. After just taking his last company into administration, MBD Asset Managers in Switzerland, he has opened up a new scam called Wasaia. Along with his wife Amy Swartz, they are again trying to scam investors to hand over money to fund their lifestyle of expensive wine and hotel suites.
Leaving various US and Australian investors millions in debt, Gale is now trying to fool Middle Eastern families into handing over their wealth for Gale to manage. What a joke! People cannot be so foolish, but it is really the only place left for Gale to hide, hiding from US, European and Australian authorities who are now desperate to get their hands on Gale.
Even the quality of his team is very poor. All the individuals have never had any family office experience, even the CEO has no business or financial background. He was a simple army guy who has never run any financial services businesses, but Gale cannot find anybody with a brain to join his team anyhow.
The best part in the website of Wasaia is that Gale quotes under his bio that he was involved in investment banking. I wish he could specify exactly what, because this is a guy who did not even finish secondary school in Australia. He has never held a banking licence so it would be beneficial if he could explain for which bank he performed duties so that we can verify this latest scam.
Be careful of anything which is associated to Michael Gale as he owes over $12 million to private investors in the US, Australia and Switzerland. Happy to share such info if you would like further clarification as we have all confirmed information from previous employees from Gramercy and MBD Asset Managers, companies that have gone bankrupt under Michael Gale.
2 Updates & Rebuttals
Herc Salcer
Hawaii,USA
Obliged to respond to comments about Peter Lundgren
#3General Comment
Sun, March 19, 2017
I am obliged to respond to these rebuttals by Michael Gale as I have known Peter Lundgren for around 10 years. We were introduced by a bank in Zug, Switzerland. Mr Lundgren is a very respectable individual whom I can say is an extremely polite person and somebody who I would say is trustworthy.
I have never met Michael Gale but I can say that I have met 4 indivuduals who have not had good experiences with him in a business sense. These individuals are in the oil and finance sectors in London and Geneva and they have nothing good to say about him.
I personally have been in the oil and gas sector for over 30 years and I am now semi retired in between Switzerland and Hawaii. We are a small oil and gas producer with operations in Alaska and the Philippines.
Michael Gale
Zurich,Switzerland
More completely false defamation
#3REBUTTAL Individual responds
Sat, March 18, 2017
Another posting from the fake Peter Lundgren who is really a troll in the US. It is true that I am associated with both Tharawat and Wasaia. Anyone can conduct proper due diligence on these compaies and see how absurd these claims are. It is also true that I did not finsh high school but I am actually proud of the fact that despite that I was able to become a succesful entreprenuer and then investment banker.
Mr Lundgren who supposedly posted this post does not exist. As such he therfore has no knowledge of any of the companies he is posting about. I have never met a Peter Lundgren and if you search the Internet you will find it very hard to find any such named person who has any connection to me or the companies other than this false post on this site. However what is out there are other posts by this Peter Lundgren except they were posted from an account held by a completely different individual in the US. Coincidentally that same person is a person who caused millions of dollars of losses to my prior employer Gramercy and then to cover his tracks made up many lies to cover the trail. One of his associates just got convicted and I am sure there is more to come. See bit.ly/2mDWqvP
Just as a funny note on this Peter Lundgren. Apart from the fact that the guy in the US picked a Swedish name for his fake German. There is no town or city in Germany called Yukon. See a complete list of the 2060 cities and towns in Germany. en.wikipedia.org/wiki/List_of_cities_and_towns_in_Germany There is no state in Germany called Yukon either. See a complete list of the 16 states of Germany. en.wikipedia.org/wiki/States_of_Germany You wold think making up a fake person you would at least pick a real place for them to have come from and a name to match their claimed nationality!
One thing in this report is true. MBD failed. That is quite true and it did cause pain for its team. Mr Lundgren doesn't mention it failed because its major shareholder and funder (there were never any investors in MBD) died.