David Gradney David Gradney Verlin Gradney Stone Development Gradney Associates Fraud to Get Upfront Fees Temecula California

I was introduced to David and Verlin Gradney in 2014.  I was introduced to them as they were referenced as "Lenders".  Over the course of a few months, they provided letters of commitment to provide my company for a loan.  As a result, we finalized terms for them to provide my company a loan.

The final loan documents were produced and an invoice was provided for me to send nearly a sizable fee.  The invoice specified the costs for a Letter of Commitment Fee.  I executed and sent in the executed loan documents along with the fee, which was to be wired to Verlin Gradney's personal account at Chase Bank.  I never received back my loan documents.

After a few months it became clear that the Verlin could not complete the loan.  I recieved numerous emails describe their process for providing the loan.  When I continued to contact them, I was threatened that if I continued to contact them, I would never hear from them again and they would return my funds.  I was also discouraged to continue using the services of any third parties who might be able to help me determine the level of fraud throughout this transaction.  I received email descriptions about their process of meeting with the Department of the Treasury and the IRS and numerous closings both domestically and internationally.

What is clear to me now is that these descriptions of other closings and other loans and meetings were all lies.

As a result of finally coming to terms with the idea that most of what they have relayed is a lie, then I began looking at the documents they provided to me in my due diligence on them.  I was provided statements about the amount and volume of closings that they have completed in the last few years.  I was provided documents on Gradney Associates and financial statements from members of their company along with proof of funds letters from HSBC.  These documents I have verified to all be completely fraudulent.  They contain fraudulent information as well as the cases of others' information, signatures and information have been manufactured and forged.

The narrative from David and Verlin Gradney is that they do not have the funds to return to me and need approval of other parties in order to do so.  They continue to indicate that my loan is coming despite the many many months that have gone by.

I did not receive a lot of attention from law enforcement nearly 6 months ago when I reported this transaction to them.  I reported it to the FBI with no immediate response.  Recently however, due to a myriad of parties that have now reported David and Verlin Gradney and their associated third parties, I have finally been contacted by my local law enforcement and they are investigating these frauds and I have now confirmed my report to the FBI has now been combined with others reporting similar situations of the loss of upfront fees in order to be investigated.