The
integrity of online investigator service checkfundmanager.com has been pulled
into question over its wrongful depiction of former fund mangers Seth Tobias
and Gad Grieve. The site’s founder and CEO is listed as Guy Simonian, a former
internet entrepreneur and self-styled investigator who found his niche in
digging up dirt on Wall Street traders. However to crack an obituary on
Simonian’s “Wall of Shame” you don’t need a criminal record or to have violated
any laws.
Both
Seth Tobias and Gad Grieve, who have no history of any criminal violations, are
depicted by Guy Simonian and his website as having perpetuated fraud. Grieve
was accused by the SEC in a civil filing of numerous misrepresentations and
regulatory violations in 2009. However what Simonian and his website don't say
is that the civil filing was never served on Grieve, a legal prerequisite for
establishing a claim on someone and which goes beyond “knowledge" of the
filing. Secondly, the associate companies Finvest Asset Management LLC et al.,
who were served with the precise claims as in the Grieve action, filed a motion
to defend the action. The SEC declined to litigate the matter. Ultimately,
regulators did succeed in obtaining a default judgement against Grieve, using
procedural shortcuts that are highly questionable and in all probability
invalid.
A
senior manager who worked at Finvest Asset Management, said that the firm had
previously used Check Fund Manager to conduct background checks on external
fund managers. “Their work was shoddy and their information unreliable,” he
added. “They were fired, as they just didn’t make the cut.”
Simonian
and his company use news on the web to promote business and clearly,
unsubstantiated allegations or hearsay also counts. The website Check Fund
Manager, lists a string of fund managers, many who have been found guilty of a
felony and fraud, boasting that it helped its clients avoid the fraud.
The
website states that beyond the “professional misrepresentations, Grieve’s life
was fraught with drama as well.” The site suggests that Grieve was involved in
a custody battle in which he tried to remove a child from the custody of his
ex-wife. What the website omits is that the child was removed from Gad Grieve’s
custody through a habeas corpus, inked in the court of corrupt Judge Gerald
Garson. Advocates of Justice, Agudath Israel and reputed attorney Nat Lewin
tried in vain to undo the travesty which Garson had perpetrated, even before
the judge was ultimately indicted and jailed. Any child who is removed from
either a father or a mother, hardly constitutes a “Happy Ending”, as the
website suggests.
A
Wall Street trader who knew Grieve, said that to try paint the guy as
dishonest, you have to be pretty desperate. “His fund may have lost money, but
he was straight as an arrow.”
The
late Seth Tobias, a general partner of Circle T. Partners is also listed on
Simionian’s website. Although any claim that Simionian was convicted of a crime
is absent, the website lucidly portrays him as someone who was active in
“drug-fueled binges with gay porn stars.” A senior hedge fund researcher on
Wall Street said, “the lengths that people will go to bring people to their
website, boggles the mind. But hey, sex sells. How convenient is that? Tobias
is dead, so he’s not around to verify or deny the claims.”
Several
managers of investment firms in New York said they did not use Check Fund
Manager, but declined to give reasons. The checkfundmanager.com website is
marked as “not secure” on Google Chrome and does not have a security
certificate. For more visit http://www.webnewswire.com/2018/09/26/advocate-for-justice-tried-to-help-gad-grieve-from-corrupt-judges-ruling/
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