The SEC has charged Houston based Behavioral Recognition Systems (now known as Giant Gray) and its CEO Ray C. Davis with soliciting over $28 million from investors and then diverting nearly $8 million for the former CEO’s personal benefit.
Investors were led to believe that their funds would be used only for working capital and to pay Davis a nominal salary. Instead BRS and Davis diverted funds using fake invoices and the funds were used to purchase antiques and to pay for jewelry, gold and fund the personal accounts of Davis and his wife.
If you made an investment in BRS through a licensed broker or financial advisor we can help you recover damages for your losses.
We do not charge to evaluate your case and we handle our cases on a contingent fee basis.
Call now for a no charge consultation to discuss your options for recovery.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900