New York investment fraud attorneysThe FBI has arrested and charged 39-year old Gregory Gray last month on investment fraud charges, accusing him of defrauding clients through his company Archipel Investments. He misappropriated $5 million in funds from one investor designated to buy technology stocks; instead, he used the money to pay off other investors and to purchase stock in Twitter.

Gray has allegedly used funds from at least three other Archipel entities to make Ponzi-style payments to other investors. He has solicited and received investments from several prominent New Yorkers, including one-time state senate candidate Andrew Russo and former pro football player Tim Green, among others.

Gray has not been accused of personally having benefitted from the fraud at this point, although Russo expects there to be lawsuits from people who held investments with Gray.

Gray has had regulatory action taken against him by the New York Stock Exchange (NYSE) on two previous occasions. He was barred from NYSE for three years in 2008 after investigators found he “effected unauthorized trades in the accounts of one or more customers” and “threatened or harassed one or more complaining customers and/or their family members.”

If you or someone you know invested with Gregory Gray or Archipel Investments, you may have certain legal rights that require your attention. Contact the New York investment fraud attorneys at Dimond Kaplan & Rothstein, P.A. to set up a consultation today to discuss your legal rights over the phone or at one of our local offices in Florida, California or New York.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182