• Report: #1095525

Complaint Review: Gramercy Commodities

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  • Submitted: Tue, October 29, 2013
  • Updated: Tue, October 29, 2013

  • Reported By: New York
Gramercy Commodities
548 Market Street San Francisco, California USA

Gramercy Commodities Gramercy Millennium Group or AEP Authorized Statement? San Francisco California

*Author of original report: Gramercy Commodities

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It's true; the sun rises in the east and sets in the west.  The same could be said about the reactionary response, or authorized statement, from the CEO of Gramercy Millennium Group.  True to form, this group will do anything to keep the scam alive; anything to keep up appearances, anything to string along would-be clients, contractors and employees.  The team at Gramercy Commodities is comprised of friends, family members and anyone the CEO can use in order to prop up the ponzi.  

A quick review of their web site will reveal colorful fictional tales about companies Gramercy has invested in over the years.  All one needs to do is contact any of these companies and they will be happy to tell you the truth.  The Gramercy Millennium Group has no track record of any successes.  GMG is a shell company and does not have offices in San Francisco, New York, Dubai, or elsewhere for that matter.  Has anyone questioned how or why a a self-proclaimed US based private equity firm generates their incomes from Russian oil trades?  Isn't it odd that no one on the Gramercy Management team has any experience raising capital, managing funds, or are experienced commodities traders?  

Not to Michael Gale, it isn't.  Afterall, he is an Australian National and he does things his own way; hiding behind his laptop, living out of hotels which are paid for by contractors and employees who deliver retainer money, bridge funds and other short term GAP monies so he can survive.  Ask the CEO about money owed to his team; his reposnse will be the same:  "go out and bring in more money, and then next week the whole team will be paid".   One must stop and ponder the question?  Why do socio-paths behave in this manner?  The answer is simple.  They are driven by their egos and once down this path, it's impossible for them to turn back.  


This report was posted on Ripoff Report on 10/29/2013 04:18 PM and is a permanent record located here: http://www.ripoffreport.com/r/Gramercy-Commodities/San-Francisco-California/Gramercy-Commodities-Gramercy-Millennium-Group-or-AEP-Authorized-Statement-San-Francisco-1095525. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
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#1 Author of original report

Gramercy Commodities

AUTHOR: - ()

Dear Sir,

It is my pleasure,
Pls find below the request information :

Account No

Product Type

Ledger Balance

Currency Code

1.0014E+11

CA Company

2,805.77

AED

1.1014E+11

FCA Company USD

383.49

USD

14111300001

Inward LC

55,500,000.00

USD

Regards,

Muna Al Zaabi

Branch Manager
AL Hamra Branch Retail Banking Group Direct:
+971 7 2048555 Mobile:
+971 50 5904140 Fax:
+971 7 2434255

Commercial Bank International PSC P.O. Box 34922, RAK, UAE cbiuae.com 

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