• Report: #747797

Complaint Review: James Gray

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  • Submitted: Thu, June 30, 2011
  • Updated: Tue, November 29, 2011

  • Reported By: John Q. — Atllanta Georgia United States of America
James Gray
101 Anita Drive Madison, Alabama United States of America

James Gray Jim Gray Fugitive Fraudster steals money and runs in and out of the country eluding and avoiding authorities Madison, Alabama

*Author of original report: James Gray is a real crook

*Consumer Comment: White Fights: Unneccessary Bliacklist: May Be This Foolish Idiot of An Author Needs To Be Blacklisted Himself!

*Author of original report: James Gray (Jim) Is Not a Fraudster

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I was seeking a $5,000,000 loan for a real estate project and had met Jim Gray through business associates.  He indicated to me that he could loan me the money we were seeking for our project.  He said that we needed to escrow $500,000.00 in his attorney's trust account until the loan closes.  He said that the money would remain in trust and not move until we received the loan into our account.  I checked out the attorney with the Alabama state bar and found he was in good standing.  Jim Gray operated under the name of Team USA, although when I met him earlier he operated under the name of Global Trust. 

I didn't think much about it at the time but I did ask for a copy of the attorney's errors and ommissions insurance decleration to ensure that if my money was moved or mishandled in any way I would be protected.  He provided that to me as well as provided me with documentation that indicated he had the ability to loan us the money.  He said that it would take around 30 days to close our loan.  As assurance he also sent me a supposed copy of documentation that indicated that he owned a bond with a value of $500,000,000.00 in his name written out on the bank called AB Ambro, a Dutch bank.  Everything looked and seemed legitimate. 

Prior to transferring the money to his attorney I called the Attorney  to verify the transaction and his bank account.  The Attorney, John Coultas Taylor, said that he was aware of the transaction but had not received a copy of the contract.  But he did say it was ok to send the funds over.  I wired the funds and began the 30 day wait.  In the beginning things were fine and Jim Gray was very pleasant answering my calls and even talking on future business after the loan was closed.  About 2 weeks prior to closing I received a call from Mr. Gray that seemed a little strange.  He began to explain some gold deal in Mali and that we could take $2,000,000 and go make huge profit of almost $50,000,000.00 of it. 

I said "go for it" but then he began to explain that he needed to take $2,000,000 from the proceeds of our loan.  I protested immediately!  I explained to him that I needed those funds for the real estate project and that my partners and I were in need of those funds or else we would have never asked for the loan.  He said he understood but things were never the same after that call.  The following week he seemed irritable when we called to see how things were going.  Finally after the 30 days were up excuses started pouring in.  Day after day and week after week he came up with several excuses. 

It got to the point he would no longer communicate with us.  I called the Attorney and demanded my money from the escrow he was holding.  He said that Jim Gray never sent him the contract and that his job was to protect the trust and he refused to send my money back.  I found out later that he released the money to Jim Gray shortly after I sent it.  Jim Gray left the country and went to Mali, where he began to call and email me and partners from explaining some gold deal he was doing and that he would be gone for a while.  He told us that proceeds from the loan was being held in a bank account at Chase bank and sent us statement showing more than $6,000,000.00 , a few days later he admitted that the account was not his and none of the funds were for my loan.  A few days later he said that he was no longer going to loan me the money but was going to return the original funds because we threatened to report him to the authorities.  He cut off all communication with me and made no efforts to return one dime to me. 

I filed for and received a warrant for his arrest in Fulton County Georgia.  We are currently working with the Alabama authorities to have him extradited back to Georgia to answer for his crime.  If you run across this fugitive from justice please don't do business with him.  He is very articulate and claims to know everything about bonds and banking instruments.  This man is a fraud and should be avoided.  He has caused my family and my business permanent damage.  I feel so stupid because I thought I did everything right to protect myself.  This man conned me and maybe even the Attorney but I thought an Attorney who would take that much money in on a loan transaction would demand the contract prior to releasing the funds for his own protection.  I guess not though.  His full legal name is Willie James Gray and he is a fugitive from justice.

This report was posted on Ripoff Report on 06/30/2011 09:25 PM and is a permanent record located here: http://www.ripoffreport.com/r/James-Gray/Madison-Alabama-35757/James-Gray-Jim-Gray-Fugitive-Fraudster-steals-money-and-runs-in-and-out-of-the-country-elu-747797. 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:
2Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

James Gray is a real crook

AUTHOR: John Q. - (USA)

I was never so wrong about a person.  James Gray has managed to trick us for a second time.  After we went to authorities and the bar association against the attorney Gray contacted us and made a settlement with us to pay our money back.  After the settelment was signed we have not seen a cent after receiving what was left in the Attorney's trust account he shared with Gray. ......pennies.  Jim Gray has lied and conned his way into more trouble.  To anyone seeking to do business with this man please stay away.  He is a real con artist.  As far as I am concerned he belongs in jail and he is not an asset to his community.  If he is talking he is lying.  There is nothing that comes out of his mouth that is truthful.  I look forward to the day he is brought to justice and stands before a judge.  I hope the judge is ready because he will lie to him too.
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#2 Consumer Comment

White Fights: Unneccessary Bliacklist: May Be This Foolish Idiot of An Author Needs To Be Blacklisted Himself!

AUTHOR: This Is The Truth - (USA)

This was an unnecessary report with arriving at a conclusion that was not warranted in the first place to begin with.

How tragic that another fool on this site has to jump to conclusions about another without totally getting the facts straight

I guess that in these types of fights that this is what these fools are really and truly good for

...Only to end up being an idiot at the end of the day in the idiot's parade....

...Only one thing to do....

Let the author be blacklisted himself and then see who the fool and the idiot really was!

...Because at the end of the day...

We should never underestimate the absolute stupidity of Idiots!
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#3 Author of original report

James Gray (Jim) Is Not a Fraudster

AUTHOR: John Q. - (USA)

I wrote the original story on Mr. Gray and have come to realize that he is an honest hard working man who ran into a tough situation.  He has made arrangements to settle the issues I have and is being a man of his word.  Now that I have all the facts I can clearly and safely say that James (Jim) Gray is true asset to his community. 
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