Raymond Paul Morris of Draper Utah and his company Momentum Leasing LLC have bilked investors out of a purported $1.2 BILLION dollars. Ray Morris had a successful hedge fund going for a number of years and as of 2007 summer, his entire scheme has fallen down around him.
Theres a reported 900 investors around the world who have fallen victim to this man! Hopefully, the authorities take him down quickly so no one else falls victim.
We have been informed there is an open investigation on him and/or one of his multiple companies: E&R Holdings, Wise Financial LLC, Momentum Leasing LLC, Makarizo S.A. And Flex Capital Leasing.
Ray Morris has gone underground and is refusing to contact investors he has bilked but he continues to raise millions of dollars... Essentially robbing peter to pay paul.investors be very aware that this man has not paid ANYONE since summer of 2008 and he WILL do the same to you.
Feel free to contact me if you have any questions or you are an investor yourself who would like to be pointed in the right direction with the authorities. We have exhausetd our resources notifying the proper channels here in Utah.
We understand our money is gone, we are just hoping no one else falls prey to this horrible scam.
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