A Colorado grand jury indicted Michael Graham on two counts of securities fraud on August 15, 2025. Authorities allege Graham sold fraudulent investments meant to benefit economically distressed communities.
Instead of investing the funds, Graham is alleged to have used the funds as his own “personal piggy bank.”
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 in Aurora, CO 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 filed civil fraud charges, for a temporary restraining order and for an 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; or Gravitas Qualified Opportunity Zone Fund I, LLC, please contact us. We are a Colorado firm dedicated to giving investors personal service.
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