Tharawat Holding Wasaia Group MBD Asset Managers Further Gale Fraud Switzerland Luxembourg Abu Dhabi

Mr. Luburic is a VICTIM, and like many others, his name has been included in marketing materials which were circulated by Michael Gale, without consent.  

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The court of public opinion will not been kind to Michael Gale.  The rumors have been vetted and the facts will be spelled out here in a timeline beginning with present day. The victims have found each other, they are exchanging notes, having conversations, meeting in person, and sharing their collective experiences as laid out here in black and white.  There is no Michael Gale to stand in our way or put up a ‘wall’ as he often does.  No snake oil salesman and con artist allowed into conversations about truth.  Mr. Gale and Mrs. Gale only have themselves to blame for their lies and transgressions.  Anyone who continues to ignore the facts and blindly believe these two are no longer fools but will be viewed as complicit.  Gale is a master at deception and gas-lighting, just like Donald Trump.  Except, Gale is a bigger fraud.   

Michael Gale is not an honest businessman.  He may appear to be a good friend, father, and husband; excuses of being a piss poor businessman are no longer tolerated as the scope of damage is too great to ignore.  Reading Mr. Gale’s rebuttals are like listening to a child trying to deny he never took cookies out of the cookie jar.  In his eyes it’s always someone else who caused, or forced him, into manufacturing lies, taking money from people he knew he would never pay back, and then acting as he has been victimized or mugged.  Michael Gale and his wife have NEVER used their own funds surrounding any outrageous claims of being “mugged”.  Mr. Gale has always contorted the truth which is precisely why he has been able to build off the previous lie, only to broadened the discussions, whether it be private equity, investment banking, commodities, sovereign wealth funds, family office, etc, etc…..the level of obfuscation is staggering.  

These victims span the globe from the US to Australia, to the UK, Switzerland the United Arab Emirates. We have been in frequent contact with former clients and investors who’ve lost hundreds of thousands of dollars, if not millions, because of Gale.  Promises of funding, ties to billionaire investors, and all the name dropping consistent with Mr. Gale’s behavior and pattern of fraud and misrepresentation. These same people are also aware of Gale’s blog and I would expect Gale may be receiving some comments now they know where they can find him.  Because Gale and his wife don’t have a home, a blog spot is the best he can manage until a fresh crop of gullible investors write the next check.  They don’t have a fixed address that doesn’t include hotels or apartments paid for with money defrauded from investors and clients.  I wonder if Mr. Gale has been able to pay his rent in Abu Dhabi? Or, perhaps that go fund me page can subsidize his expenses.

Mr. Gale makes references to disgruntled contractors and fictitious people as though he never did anything wrong to the dozens of people around the world, or as though they don’t even exist.  We can tell you, we all exist. In his, emails, rebuttals and now his blog, Gale speaks to investors he still owes money to, writes drivel about fake news and feigns being smeared and vilified pretending to be an innocent man, while continuing to place the blame for his failures onto other people.  Only a disgusting, lying coward would stoop to such levels. It seems to us that Gale is one who is disgruntled and his having a very hard time accepting reality.  

Recently, it has come to our attention (through Gale’s own admission) that he never graduated from high school yet claims he is an accomplished investment banker holding all the necessary licenses to conduct business in this industry.  I find it puzzling that someone would go to such a degree in order to manufacture a complete lie about his very own persona and alleged business successes.  For all we know Michael Gale may have posted everything online report about himself in an attempt to confess his sins.

How could anyone accept what Gale says as being truthful?  How could he present himself to the world as an accomplished global financier?  These latest revelations only reinforce the claims of fraud that have been swirling around Gale for all these years.  Gale’s latest confession of not completing high school is his de-facto admission of fraud, making misstatements and material misrepresentations about himself and his accomplishments.  Using other people and their pedigrees, industry knowledge and their bank accounts is how Mr. Gale makes his living.  And, it has been a good living, up until recently when a number of his supporters have seen all their money disappear, only to leave Gale penniless in the Emirates.

One could deduce that any number of these investors are behind the online postings.  If we were to speculate, there at least a dozen people, or investor groups with motive to launch this type of warranted attack.  One investor, from the US, saw $1.6M of their money disappear because Mr. Gale thought he would he engage a convicted felon, Jill Evans. Another group from the Midwest lost over $6M. When two of these investors traveled to Zurich to meet with Gale, they immediately came to the conclusion he was a con man and that they would never see their $3.3M again.  

When Gale was informed that Jill Evans was previously convicted of forgery and a list of other felonies, his answer was..’oh yeah, I told you that….you weren’t paying attention”.  With the assistance of Gale’s long time colleague, the $1.6M disappeared inside of a month.  Again, it’s easy to deduce that Mr. Gale took this money for himself and then blames his poor decision making on other people. Gale will need to come up with a much stronger defense prior to being convicted. Tracking that money won’t be too much of a challenge.  All one needs to do is contact Amy Swartz, Gale’s wife, and the one person who had complete access to the Bank of America accounts.

Either way, regulators will want to look into this.  What we have learned is that Michael Gale is a master at deception and obfuscation.  He’s been great at it…..up until now.  Grounded in Abu Dhabi until he can prove himself.  ‘Partners’ wanting nothing to do with him; denying having been associated with him other than a bio on a web site.  This is the foundation of Gale’s business model.  Creating smoke and mirrors on the world wide web.  Ironically, it’s the Internet that has been his demise.  

Gale claims he was a successful investor and technology venture capitalist,  and never maintained an office in the epicenter of Silicon Valley. The mailing address for his private equity group was nothing more than a post office box at 548 Market street in San Francisco.  Gale and his wife also used post office boxes as their home addresses and one of them even appeared on the articles of incorporation (Chagatai, LTD).  (((REDACTED)))S.F. 94114.

Negative postings about Gale and Gramercy and related companies first appeared on the Internet circa 2011.  These postings were brought to our attention through another victim in  Australia who sued Mr. Gale and won. Only to be awarded a settlement (funds paid to him) using an unsuspecting investor’s money who to this day is still owed over $1.5M. It’s simple to see the pattern that quickly evolves. Gale uses the same methods over and over, puts distance between himself and those he owes money to, and then repeats the process on another continent.  The hope is that these victims will never catch up to him because he and his wife are always on the run/move.  

As this investigation continued we uncovered more and more allegations about Mr. Gale. Like many who read these postings (at first) we were shocked to learn that he is such a dishonest and corrupt person. In an attempt to mitigate the truth, Mr. Gale created a blog and has been asking people whom he believes are ‘friends’ to ‘like’ his articles in a feeble attempt to distract from the truth.  This is merely designed to illicit sympathy.

Before Angad Paul committed suicide, he supported Gale and his expansion of MBD Asset Managers by investing approximately 2,000,000 euros.  When Mr. Gale and Amy Swartz squandered this money, left employees without their salaries and shareholders once again asking how this could happen, Gale managed to hood wink a very accomplished Swiss investor, someone Gale claims to have known for 20 years into handing over 800,000 euros for the same failing business.  When the same result was realised this investor no longer could support Mr. Gale.  If this is what Gale does to his friends, imagine what he has done to people he just met.  

Michael Gale claimed the reason this business failed was due to the death of his friend and business partner, Angad Paul.  What kind of a human being would make such a statement about his friend? To what level of desperation will a man like Gale sink in order to place the blame and failure onto that of a dead man?  Before Mr. Paul jumped off the roof of his penthouse, Michael Gale attempted to get more money from his friend, Angad.  It was Lord Paul, the father of Angad, who put an end to Michael Gale and his exploitation of his wealthy friend and investor.  Even the widow of Angad Paul knows Michael Gale is a crook and should be stopped.  

In exchange for repayment of his mounting debts, Mr. Gale continues to offer shares in a number of companies he claims some ownership in, but this is just another lie.  Communications directly with these Australian company’s CEO’s confirm that Mr. Gale holds no ownership positions, is not owed fees, and in all cases, was fired due to Gale’s failure to perform as originally promised.

Some people have been openly critical of Mr. Gale calling him a piss poor businessman with bad luck.  Bad decisions and back luck are no defense for deliberate misstatements and fraud.

This is especially true when you discover Mr. Gale is not a licensed investment banker in the US, Australia or Switzerland yet he is brazen enough to publicly announce in spite of this fact he went on to become a successful global financier welcomed with open arms by the financial elites around the world.  Evidence of Mr. Gale’s successes have yet to be discovered.  What has been discovered are the trail of victims around the world.  This is the work of a very methodical, evil, intelligent and heartless human being.  Michael Gale will look you in the eye and knowing making false statements, prey on your passions and behave like the smartest person in the room, all while hiding in plain sight.  This is how some of the best con artists typically operate.  

Gale is a panderer and seducer.  There is documentation from several CEO’s who substantiate these claims and all have called Gale a liar.  Period.  

Because we have performed such a high level of diligence, after the fraudulent acts, and shared those findings and results with similar victims, this has enraged Mr. Gale to the point of manufacturing lies that people are out to harm him and his family.  This coming from a man who threatened to take his own life if he couldn’t get his way because access to the corporate bank accounts were being taken away from him. 

This is a cautionary tale. If you have been in contact with Michael Gale and his wife Amy Swartz (Gale) concerning potential business dealings, it would be best to cease all communications with them immediately, terminate the relationship and contact the authorities in whatever country they happen to be in at that moment.

 thewhistleblowers.info/alert-transnational-money-launderer-antonio-mario-di-gennaro-convicted-fraudster-money-launderer-michael-gale-are-linked-in-same-ecosystem/

This will serve to assist anyone who either has met or worked with Michael Gale. Gale has presented himself to the Australian, US, Swiss, UK and Emeraiti financial communities as a very accomplished investor, financier, technology venture capitalist with a long and storied history of success; and now a family office principal with billions of dollars under his control.  However he is unable to show evidence of measurable achievements and operates in plain sight telling the most fantastic of lies. While little, or no, evidence of success can be shown Gale makes outlandish claims that his former private equity firm had offices on four (4) continents and personnel in San Francisco, LA, NYC, London, Melbourne, and Capetown.  None of these assertions are true and have been substantiated as such. This includes the purported US office space at 548 Market Street in San Francisco.  The offices of Treureva AG in Zug served as the address for MBD Asset Managers, and now the mailing address of Tharawat is somewhere in the tiny Grand Duchy of Luxembourg 16, rue Jean l’Aveugle, L-1148 .  

The Gale residences in Zurich consist of furnished apartment rentals and hotel rooms (Hotel KindLI) which have gone unpaid owing businesses more than CHF30,0000.  MBD Asset Managers has gone into administration in Zug owing more than CHF1M to individuals, employees and vendors. Add employee salaries to these figures and the amount of debt Gale has racked up is well in excess of $2M. 

This essay is specific to a collective of individuals experiences with the Gales. This narrative speaks to due diligence performed after the acts of fraud, misrepresentation and misstatements by Michael Gale and his wife. It is our firm intention to shed light on these people and their worst case business practices in the hopes it will provide insight for anyone else legitimately working in this space, and to assist investigators, attorney’s and law enforcement worldwide who have had similar experiences with con artists and criminals like the Gales.  

Gale’s former private equity firm made assertions (on their web site), now defunct, are directly responsible for 28 portfolio investments, totaling over $50MM directly invested. A thorough investigation into these claims by Gale have been proven false.  Gale and his wife have a unique take on how basic math works and what it means to actually write a check (with assets in an account) to back that, versus manufacturing spreadsheets, copying and pasting other companies profiles, incorporating fiction into marketing materials for sake of making a good first impression. This tactic has been used multiple times over, including defrauding the IRS out of with holding taxes and making false statements on a spousal VISA application for Michael Gale in order to obtain a green card in the United States. We have also come to learn that Gale never graduated from the college (let alone finish high school) he claims to have attended.  pac.edu.au/  He does not possess any of the proper educational training or licenses to conduct business in the financial sector as an advisor, investment banker, fund manager, or hold any position with the title executive in front of it. 

**gramercyventures.com. gramercygrp.com 

Gale does an excellent job of convincing investors and employees they will be paid what they owed. This is merely another attempt to buy time, in most cases, for many years.   Conversations Gale also has with investors and benefactors like Mr. Sykes and many, many before him. The Gales live in a fantasy world using other people’s expense accounts and the land of accrued payments in order to keep their scams alive.  Meanwhile clients are left in the dark and often forced into bankruptcy (another piece of advice provided by Mr. Gale to many startups in silicon valley)

The late honorable Angad Paul never invested money in Gale’s US private equity firm because there was nothing to invest in.

Despite being the Chairman of the Gramercy Group, Mr. Paul only served for the benefit of Mr. Gale and his wife, paying for hotel rooms, allowing the Gales to stay at his residence in Dubai at the Dubai Marina and financing their trips around the world. Again, Mr. Paul never invested into Mr. Gale’s US companies.  This was a cleverly designed strategy, more obfuscation on the part of Gale, to preserve his own interests while clients, employees and creditors are all left feeling like they have been mugged.  The only people being mugged here are the clients, investors and employees Michael Gale comes in contact with.  Whether it be using someone else’s ATM card, credit card or having their meals purchased, Gale elevates mugging to new heights.  

Angad Paul committed suicide in November of 2015.  He was the friend and business partner of Michael Gale.  Gale and his shareholders are considering taking legal action against the estate of The honorable Mr. Paul for his failure to perform.  

pwc.co.uk/services/business-recovery/administrations/caparo-industries-plc.html

theguardian.com/uk-news/2015/nov/09/caparo-steel-boss-angad-paul-dies-falling-london-flat

Meanwhile, Gale and wife continue their world tour, posting images of their exploits on social media: helicopter flights around Manhattan, camel rides in the desert, skiing trips to Vail, the Swiss Alps (with their children), five star hotel stays in the middle east and around the world. 

The Gramercy Group, a global financial behemoth, manufactured by Gale and his wife is now non-operational because it has no assets, no clients and no ownership of portfolio companies. The Gales now claim residency in Zurich, or permanent residency, residing in Abu Dhabi, UAE and continue with their charades.

Gale and his wife are now in the commodities and family office businesses.  Millions of dollars raised from investors to build out this line of business based in the UAE and Zurich.  Millions of dollars that went into the pockets of Mr. and Mrs. Gale. Yet, this is all the fault of disgruntled contractors?  Contractors who have zero insight to negotiating contracts, attending meetings, or making the acquaintance of Jill Evans. More facts that Mr. Gale conveniently omits from his online rants.  Not too worry, we are here to set the record straight.  Gale is a drama queen who craves the spotlight.  

Not one successful fuel trade to speak of, many years later, and another company forced into administration with Gale’s colleagues left cleaning up his financial mess in Zurich. It’s important to note that neither Mr. Gale or his inexperienced wife has any experience in the global commodities industry or family office business.  They deliberately and willfully deceived investors, raised millions of dollars and disappeared with the most of the money.  Loan prospectus’, promissory notes and fully executed (fraudulent) trade documents were circulated so that Gale could raise more money for himself and then attempt to blame it on a convicted felon he willingly went into business with.  

Emails shared with us and others, from another victim, clearly articulate this point.  Once Gale discovered Jill Evans was a convicted felon, his reaction was one of a sarcastic tone as to ignore this fact as he continued to press on. Was Gale forced into this situation?  Bad decisions, piss poor businessman and someone who doesn’t care about conducting himself with any sense of ethical standards makes Mr. Gale a fraud and a criminal. The contractor Gale is referring to was a long time friend, supporter and former colleague who shall remain nameless for now.  They both worked together many years ago, at Double Impact, another bogus firm Gale established in silicon valley.   This individual was directly responsible for raising funds from investors only to see nearly $1.6M disappear.  It’s true; there is no honor among thieves.  

michaelgale.com/2017/03/17/the-truth-about-michael-gale/

Michael Gale is, or was, the executive director of MBD Asset Managers in Zug, Switzerland, which at the time of this essay is also defunct. (Another company) used as a vehicle for Gale and his wife to siphon off money from investors and employees.  The Web site is no longer operational; team bios gone. Contact information is gone.  All that remains is a Youtube video promo citing how safe it is to invest in Switzerland. Safe for whom?  

He is now the team leader, shareholder in a Luxembourg registered holding company, Tharawat Holding Societe Anonymoe associated with three highly successful Swiss entrepreneurs, whose net worth in aggregate exceeds 5 billion US dollars.  Amongst their activities are asset management firms, which in aggregate manage ~33 billion US dollars of client funds, in addition to their own family office assets. 

Former companies founded by Gale includes the following: Chagatai, LTD, Kherlen Trading, Mjren Commercial Brokers, Ogedai Merchant Group, and Temudjin.  I’m sure there are more.  Some of these entities are registered in the United Kingdom using Angad Paul’s company address on Baker Street as their official place of business.  The UAE businesses are under the company registry of Zayed Rashed Owaidha Rashed AlQUBAISI.  These include Mjren Commercial Brokers and Kherlen Trading.  All in all, this puts the number of companies Gale opens and shuts down between 6-7 in the span of three (3) years.  

It’s easy to see the pattern which has developed over the years, beginning back in Australia, where the complaints and claims of fraud are still open-ended and unresolved.   This activity depicts how well planned and thought out his criminal behavior has become.  As stated prior, Gale is a master of deception. Having duped German, Jordanian, Algerian, Syrian and Swiss citizens in this latest wake of destruction.  I’m sure the number of victims will continue to climb unless he is stopped. 

Consider yourselves forewarned. The Gales can be stopped. Sue, remain vigilant, and contact law enforcement in all the countries Gale and his wife operate.  We all have the ability to file a law suit, and in this case locate the would-be defendants, as they move frequently between various jurisdictions around the world. Together we can eradicate both the legitimate financial world and unsuspecting private individuals of scam artists like Michael Gale and company.

Mr. Gale, be careful what you wish for.  There are more surprises heading your way.  

This is one of those circular references that can go on forever. Peter Lundgren is no longer responding to email and seems to have gone to ground and still nobody can find any trail of this man or any evidence he ever met me or anyone at MBD. And he certainly doesn't appear to want to stand behind his contradictory claims of having saved a friend from losing money on an investment with MBD but then somehow making the mistake of investing himself and losing money and doing it so artfuly that there is no record of the investment or the loss!

So now Herc, you may well be a totally real person, though equally dificult to find a record of. There is one of you in the construction industry in Austria and one in Geneva working for Star and another in Melbourne doing trades but the Alsakan Hawaian one of you is a little harder to find. But my hunch is you are a real person which is why unlike these other posters you were careful to acknowledge that you have not met me or done business with me and therefore have no knowledge of these matters. I respect you for that. After all there is NO TRUTH TO ANY OF THESE LIES ABOUT ME.

What I think we can all agree on is that my foray into the oil trading industry was a complete disaster in which fraudsters cost us millions of dollars. So anyone who is in the tiny part of the oil trading business that is actually legitmate would definitley associate me with failed deals and think I am stupid and not someone to do business with. I certainly wouldn't do a deal with myself in the oil field which is why I am completely out of that. So Herc's claims about four nameless people not wanting to do business with me could be very true.

You can read the whole story here. http://bit.ly/2nf1nhB - however the supreme irony is that the guy that started out all these posts at this site claiming I was a fraud was the guy who, with his associates, took us into the oil business (after being paid a six figure introduction fee) and then after we lost millions he started these posts to cover up his complicity and avoid the fate of one of his asociates who took some $500K from us. See https://www.justice.gov/usao-co/pr/littleton-woman-pleads-guilty-oil-investment-scheme

This fraudster then enlisted the persona of Peter Lundgren to add to his claims and now Herc is standing up for Peter. Who knows, maybe we are all victims of the original Poster who is really the only one I have a beef with because he cost me a huge loss and then to cover up has been attacking my reputation ever since. Its like being mugged and then the mugger staggers off calling for help, with your wallet!

Lets see who pops up next! Maybe Peter will come back to us.

I am obliged to respond to these rebuttals by Michael Gale as I have known Mr Peter Lundgren for around 10 years. He is not a fictitous person, he is a respectable individual whom I met through my bank in Zug, Switzerland. I have never met Michael Gale so I cannot comment on this person, but I do know 4 individuals who have tried to work with him and I can only say that all of these individuals do not have anything good to say about him. 

These 4 individuals are business people, mainly involved in the oil and finance industry in London and Geneva. I myself have been in the oil and energy business for over 30 years and I am currently semi retired living between Switzerland and Hawaii. Our company is a small producer of oil and gas in Alaska (USA) and the Philippines.

Mr Lundgren who supposedly posted this post does not exist. As such he therfore did not come to any meetings with MBD or myself in any offices anywhwere. I have never met a Peter Lundgren and if you search the Internet you will find it very hard to find any such named person who has any connection to MBD other than this false post on this site. However what is out there are other posts by this Peter Lundgren except they were posted from an account held by a completely different individual in the US. Coincidentally that same person is a person who caused millions of dollars of losses to my prior employer Gramercy and then to cover his tracks made up many lies to cover the trail. One of his associates just got convicted and I am sure there is more to come. See bit.ly/2mDWqvP

Just as a funny note on this Peter Lundgren. Apart from the fact that the guy in the US picked a Swedish name for his fake German. There is no town or city in Germany called Yukon.  See a complete list of the 2060 cities and towns in Germany.  en.wikipedia.org/wiki/List_of_cities_and_towns_in_Germany There is no state in Germany called Yukon either.  See a complete list of the 16 states of Germany. en.wikipedia.org/wiki/States_of_Germany You would think that in making up a fake person you would at least pick a real place for them to have come from and a name to match their claimed nationality!

One thing in this report is true. MBD failed. That is quite true and it did cause pain for its team. Mr Lundgren doesnt mention it failed because its major shareholder and funder (there were never any investors in MBD) died.

Also given Mr Lundgren doesn't exist and never met with me and never discussed any business with me or MBD its odd that he has my passport photo. By another strange coincidence the guy in the US does happen to have illegally obtained the very same photo!

Upon writing this article and posting it, within 1 day I received 3 seperate contact requests by individuals claiming to have been promised jobs by Michael Gale. All of them quit their high level positions to join Gale and in over 1 year have never been paid a single dollar.

I am sure there are many more out there, please feel free to contact me on plundgren58@gmail.com