Gregory Gray—Securities Fraud

dreamstimeextrasmall_1590530Gregory 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 Alan Rosca 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 Rosca 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 Alan Rosca 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 Rosca 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 Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.