ED Magedson – Founder
Stephen GraceCabot Arkansas, Jonesboro Arkansas Ontario Ca Jonesboro, Arkansas United States of America
Beware of Stephen and Joann Grace. Scam, Fraud. Claims to have billion dollar inheritance from Grand father Mervin Pico who died in June 2006. Claims his billion were from a Trust. After partnering with you in potenial business opportunities, contracting on Real Estate and other ventures one soon sees that closing on anything gets delayed waiting on funding from his trust. Week after week delays and then you ask questions of proof of the trust or any validation and then comes the story of his grandfather Pico being the head of the Mob. They claim others usually high profile people in your local area were also in mob and that those people have control over his trust inheritance as a result of directions form the Pico Trust and then the battles begin. Always claims the money will be there the nest day and so on and all he and his wife do is build this unbelievable story worthy of a movie that ones in the mob have their money and will not give it up unless he takes over the position of the mob and is required to do horrendous things. If not settle out for millions not billions! Oh by the way he claims he owns 8 houses on St George Island in Florida a percentage of the Dodgers and best yet part of Lions King movies among many other things. Said grandfather Pico who was only known to his family as a truck driver to the day he died orchestrated the assassination of Kennedy and that is how he became head of mob. Claims there is a bank vault over in Memphis TN. at First TN Bank that has all the info about all the mob has done. He is labeled as a pathological liar and a Sociopath. Beware of the wife Joann. Will tell you anything to believe in what they are going through. Ones have always asked what was the end game for them and it is simple but a twisted understanding. Being a sociopath, the only thing he gains is the position of being in control. He will tell you anything to get you to believe he is going to do for you what he says. Usually that is gifts of money from inheritance for helping them while they wait on the money be it buying into your business or helping you out because you feel compelled to help them seeing and hearing what they are going through trying to get their monies. Problem is he always feels as if the gift he is giving you is far greater than you buying groceries for them or helping finically as a friend. He will let you act on your signed contract or agreed business deal and watch you go out and contract with others based on your agreement with him knowing all along that he will never come through on his end so you cannot make good on what you contract with others. I figure if he were to say I would hold off and contracting with others until I have my money that would create a bit of doubt in him and he never wants that so he lets you go on and bank on your deal or contracts and just sets back on watches your deal fall apart. He then is always there to save the day by saying I will be closing next week and all this will be over Never closes next week and it starts all over again with lies. The gross end result is he never gets his money and there is no trust or inheritance and Pico the grandfather was never in the mob all lies. He must be stopped and as of this day 10-22-10 he has 3 warrants out for his arrest in Arkansas. You may call me at 870-219-1019 and will tell you all he has done. He has hurt and left many financially destroyed for over 5 years. He moves around like a pack gypsies. His last stunt knowing he was to be arrested was to check himself into the local hospital for a nervous breakdown and then be moved over to Midsouth health a mental evaluation hospital to hide from being arrested. 3 weeks later he checks himself out after his wife, mother and daughter moved out of a townhome in Jonesboro AR and disappears to then be found the week of 10-15-10 in Ontario California living with an Aunt telling lies again on why they are moving. The second mystery in all this is his mother is there the whole time. Sharon. Why did she not ever stop he and Joann from all the lies and bad stories of her own father Pico. Is she threatened?
This report was posted on Ripoff Report on 10/22/2010 08:09 AM and is a permanent record located here: http://www.ripoffreport.com/reports/stephen-grace/jonesboro-arkansas-72404/stephen-grace-beware-of-stephen-and-joann-grace-scam-fraud-claims-to-have-billion-doll-654001. 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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