- Report: #1113421
Complaint Review: Gramercy Commodities - San Francisco California
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Author Not Confirmed
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Gramercy Commodities
None San Francisco, California, USA
Phone:
+1.415.378.7364
Web:
www.gramercycommodities.com
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Gramercy Commodities Gramercy Millennium Group, Gramercy Private Equity, Gramercy Venture Advisors. Fraud, Scam, Con Artist........ San Francisco California
Michael Gale of Gramercy (there are numerous entities designed to confuse, such as Gramercy Private Equity, Gramercy Venture Advisors and Gramercy Millinneum Group) is a professional con-artist, consistently making false representations to potential and existing shareholders, fund investors and entrepreneurs of investee companies. When meeting him, he comes across as the most reasonable, personable, straight-forward and honest person you might ever meet. But it's all a front. The way the scam works, is he tries to get investors to invest in his advisory and private equity businesses, although investors invariably never know which entity they have invested in. For example, he took $7.5m of investment from Australian investors who thought they were investing in the US parent company, Gramercy Venture Advisors, Inc., but then claimed they had invested in an Australian company Gramercy Venture Advisors Pty Ltd. He then used all those funds for him and his wife to travel the world business class, staying in five star hotels and dining out at the best restaurants - before the Australian entity was forced into Liquidation owing shareholders $7.5m and creditors approximately $5m. He then fled to the US to avoid bankruptcy (his wife is a US citizen) where he continues with his charade. He also tells people that his private equity arm has invested hundreds of millions of dollars in hundreds of businesses, but GPE has never invested in anything. He also approaches entrepreneurs, as if he has millions under management, and convinces them to pay him an extortionate retainer in order to raise funds for the business. He spends the proceeds of living a life of excess, and never, ever raises money for the entrepreneur despite numerous empty promises and by dropping names of high net worth people he is associated with. The guy is dishonest, a pathalogical liar and sociopath. Be very, very careful when dealing with him. He is the master of deception and half-truths (things almost sound credible the way he puts them), but if you do any decent due diligence, you will soon realise it's all an illusion and there is nothing of substance behind the man or his various entities.
2 Updates & Rebuttals
Michael Gale
Zurich,Switzerland
Luke the Aussie bloke is a fake
#2REBUTTAL Individual responds
Sat, March 18, 2017
Sadly there is no "Luke" who ever had anything to do with Gramercy's Australian subsidiary. It never rasied a cent from investors as it was a wholly owned subsidiary of the US company. So nobody lost money investing in it. A simple serch of public records will confirm this which is why "Luke" is silly to make up this stuff. The US company built up a signifcant portfolio contrary to the claims of "Luke" . Perhaps if he was telling the truth he would use his real name. "Luke" by the way is an American and he spent years trying to extort money from Gramercy and its shareholders. You can read the whole story here. michaelgalecom.wordpress.com/2017/03/17/the-truth-about-michael-gale/
Conned in NYC
New York,New York,
Michael Gale Amy Gale Gramercy Michael J Gale Amy Swartz Gale Thieves
#3Consumer Comment
Fri, December 19, 2014
Gramercy Venture Advisors has been in liquidation (bankrupt) since 2010 in Australia, Michael and Amy Gale have since been promoting the same company in New York and California.
In doing so I believe that he is intentionally violating bankruptcy laws in Australia by keeping any money beyond the grasp of the Australian authorities that are quite interested in his current location.
This is just another example of the dynamic duo in action.
Michael Gale
Michael J Gale
Michael Jonathan Gale
Amy Swartz
Amy Lynn Swartz
Amy Swartz Gale
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