Gregory Gray—Securities Fraud
Gregory Gray Allegedly Bilked Influential Central New Yorkers; Gray Allegedly Used Investor Money to Pay Other Investors Rather than Purchasing Shares of Uber for Investors
Gregory Gray, 41, of Buffalo, New York, allegedly perpetuated a $5 million Ponzi scheme involving influential Central New Yorkers, according to reports from Federal prosecutors in Manhattan currently under review by attorneys Joe Peiffer and James Booker.
Gregory Gray allegedly paid off investors by using one investor’s $5 million to pay off other investors, said reports note.
Gray also allegedly told investors that he was using the aforementioned $5 million to invest in Uber Inc., according to reports from New York. The Peiffer Wolf securities lawyers are currently investigating Gregory Gray’s alleged Ponzi scheme.
Gregory Gray Allegedly Used Money from Investor William McEssy to Deliver Funds to Previous Investors whom Gray Owed Shares of Twitter Stock; Federal Investors Label it a “Ponzi-like” Scheme
Gregory Gray allegedly used money from investor William McEssy to deliver funds to previous investors whom Gray owed shares of Twitter stock, according to court reports currently under review by attorneys Joe Peiffer and James Booker.
Gray allegedly sent McEssy a falsified stock transfer agreement that used a cut-and-pasted signature from a previous purchase of stock, according to the aforementioned court papers.
Said investor was William McEssy, a prominent McDonald’s restaurant franchise mogul. McEssy is one of scores of people apparently suing Gray in federal court in New York.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of Ponzi schemes and are currently investigating Gregory Gray’s alleged Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Gregory Gray’s alleged Ponzi scheme may contact the securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.