Graco Commercial Capital Gets Cease and Desist Order

By September 17, 2021 September 22nd, 2021 Investment Fraud

The Texas Securities Commissioner recently issued a Cease and Desist Order against Graco Commercial Capital, LLC and Raymond V. Grant for allegedly selling fraudulent investments in a bank levered foreign exchange trading program.

According to a Texas State Securities Board news release:

“Grant and Graco Commercial, operating from Greeley, Colorado, are accused of telling potential investors their funds will be deposited and held in a bank account. The bank reportedly places a ‘block’ on the funds and creates a line of credit worth nine times the principal, and an unidentified trader then uses the line of credit to trade forex. Grant has been allegedly telling investors they will receive a guaranteed 25% rate of return per month – but that actual returns may be as much as 100% per month.”

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“Also, according to the order, Grant and Graco Commercial claim to have a professional affiliation with the Better Business Bureau (the “BBB”). However, Graco Commercial is not accredited by the BBB. In fact, Respondent Grant does not own a business that is actually BBB accredited. Grant is allegedly concealing the fact he filed for Chapter 7 bankruptcy. Neither he nor Graco Commercial are registered to sell securities in Texas, and Graco Commercial has not obtained a permit or registration to offer its securities in Texas.”

Fishman Haygood’s Investment Fraud Division has experience bringing claims on behalf of investors who were the victims of fraudulent investment schemes, such as the alleged Graco Commercial Capital scheme.

Please contact us to discuss your possible claim.