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Colorado Division of Securities
09/15/2025 | Press release | Distributed by Public on 09/15/2025 12:39
Press Release: Developer Who Sold Fraudulent Investments Meant to Benefit Economically Distressed Communities Indicted on Two Counts of Securities Fraud
Denver - September 15, 2025 - Michael Graham was indicted on two counts of securities fraud by a grand jury on August 15, 2025.
Graham allegedly solicited around $1.1 million from investors in his private fund, Gravitas Qualified Opportunity Zone Fund I LLC (Gravitas). This fund was dedicated to long-term property investments in economically distressed communities, according to Graham.
The indictment alleged that Graham used investor funds to purchase properties for Gravitas, which he later transferred to his own name without disclosing to investors. Additionally, the indictment alleged that Graham failed to disclose that he'd divert
the majority of investor funds to other entities, including Sebastian Partners, LLC and Sebastiane Partners, LLC.
On November 12, 2024, Colorado Securities Commissioner Tung Chan filed civil fraud charges and a motion for a temporary restraining order (TRO motion) and asset freeze against Graham and his entities. The matter was also referred to the Colorado
Attorney General's criminal prosecutors who secured the indictment.
A grand jury indictment is a formal accusation that an individual committed a crime under Colorado laws. All defendants are presumed innocent until proven guilty.
If you or anyone you know has invested in one of Graham's companies, Sebastian Partners, LLC; Sebastiane Partners, LLC; Gravitas Qualified Opportunity Zone Fund I, LLC, contact the Division of Securities at 303-894-2320 or [email protected]. You can also contact the Colorado Attorney General at 720-508-6000.
Colorado Division of Securities published this content on September 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 15, 2025 at 18:39 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]