Gramercy Commodities Gramercy Millennium Group, Gramercy Private Equity, Gramercy Venture Advisors. Fraud, Scam, Con Artist........ San Francisco California

Michael Gale of Gramercy (there are numerous entities designed to confuse, such as Gramercy Private Equity, Gramercy Venture Advisors and Gramercy Millinneum Group) is a professional con-artist, consistently making false representations to potential and existing shareholders, fund investors and entrepreneurs of investee companies. When meeting him, he comes across as the most reasonable, personable, straight-forward and honest person you might ever meet. But it's all a front. The way the scam works, is he tries to get investors to invest in his advisory and private equity businesses, although investors invariably never know which entity they have invested in. For example, he took $7.5m of investment from Australian investors who thought they were investing in the US parent company, Gramercy Venture Advisors, Inc., but then claimed they had invested in an Australian company Gramercy Venture Advisors Pty Ltd. He then used all those funds for him and his wife to travel the world business class, staying in five star hotels and dining out at the best restaurants - before the Australian entity was forced into Liquidation owing shareholders $7.5m and creditors approximately $5m. He then fled to the US to avoid bankruptcy (his wife is a US citizen) where he continues with his charade. He also tells people that his private equity arm has invested hundreds of millions of dollars in hundreds of businesses, but GPE has never invested in anything. He also approaches entrepreneurs, as if he has millions under management, and convinces them to pay him an extortionate retainer in order to raise funds for the business. He spends the proceeds of living a life of excess, and never, ever raises money for the entrepreneur despite numerous empty promises and by dropping names of high net worth people he is associated with. The guy is dishonest, a pathalogical liar and sociopath. Be very, very careful when dealing with him. He is the master of deception and half-truths (things almost sound credible the way he puts them), but if you do any decent due diligence, you will soon realise it's all an illusion and there is nothing of substance behind the man or his various entities.