Greg's Atlanta buddy (Dave) is the one who found the deal in Atlanta that I bought and subsequently caused all of these problems.
I put up the 10K for the deal. The deal was worth not much more than 10K. "We" were paying top dollar for this group because the seller had more and we wanted first shot. It had a nice World's Finest run including a World's Best #1. I met Dave (Greg's buddy) in Atlanta and we picked up the collection (Greg was not there). Then Dave asked if they could sell the World's Finest run and I take the rest (The rest was misc SA DC stuff, nothing great). I had misgivings, but I said ok, since he had found the deal, I figured I owed him that much.
The verbal agreement we had was that I would receive all of the money up to 10K, and then we would split any further profits 50/50.
He sold the run on ebay under Dave's ebay account. That's when the problems started. I found out Greg was shilling the auctions. So did ebay apparently. They shut down his ebay account, but not before the auctions had ended and the World's Finest run was sold (individual books were sold). The total sale price was nearly 5K. Much was said after the fact as to what was going on, but the bottom line is I never saw any of the money which was owed to me. Greg promised to make good on the debt. He did send 2K about 2 months later towards the balance he owed me, but never sent anymore.
Based on my conversations with Greg, he has a problem with telling the truth either because he wants to tell you what you want to hear (but can't deliver) or it just comes natural to him to constantly tell untruths. He would send me bogus tracking numbers for payments that never arrived. After viewing his auctions for a period of time, it became clear that they hype was more important than the truth in the auction descriptions. He gave new meaning to the term Original Owner collection. Books would be sold, resold, and then resold again until the right number was achieved for a sale. He's always got this "amazing" deal cooking but never has any money with which to buy it.
The point of all of this is so that others can be made aware of this guy and to avoid or be very, very, very careful in their dealings with him.
This guy was an investment banker with JP Morgan, is very affable and extremely intelligent. Unfortunately, he is also very unethical and I don't think he can even distinguish anymore a truth from an untruth.
Brent