BRS Sues Founder, Allegedly Stole $15 Million

Author: John Honovich, Published on Feb 13, 2017

The disaster of BRS Labs continues to unfold.

BRS Labs, after $100+ million in investment and now known as Giant Gray, has sued their founder Ray Davis and his son:

The deceit employed by Defendants to conceal their fraud and breach of duties knew no bounds and went undetected for years -- resulting in their theft of more than $15 million from the Company

We have obtained the company's petition in Texas court and it reads like a Hollywood screenplay.

Inside this note, we examine the issues involved and the future for BRS / Giant Gray.

*** ******** ** *** **** ********* ** ******.

*** ****, ***** $***+ ******* ** ********** ****** ***** ** ***** ****, *** **** ***** ******* *** ***** *** *** ***:

*** ****** ******** ** ********** ** ******* ***** ***** *** breach ** ****** **** ** ****** *** **** ********** *** years -- ********* ** ***** ***** ** **** ****$** *********** *** *******

** **** ******** *** *******'* ******** ** ***** ***** *** it ***** **** * ********* **********.

****** **** ****, ** ******* *** ****** ******** *** *** future *** *** / ***** ****.

[***************]

No ******

*** ** *** ****** ***** **** ** ********* **** **** were *********** *** **** ** *** *** **** * ******, emphasizing **** *** ********* ******* *** **** ** *** *******'* success / ****. **** **** ********** ****.

Petition ******

**** *** ** **** ***** **** / *** / ***** petition.

Antiques **********

*** ***** ******* ** *** ******** ** ***** * ********** person:

*** ********* *.*. ****** ******** ***** **** *.*. ******’* ********* offices *** ** ***** ** *** ******* *******, **********, ********, Australia. ** *** **** * ****** ****** ****** *** *.*. Farrow, *** ***** ******** **** *.*. ****** ** ** ********** who ****** **** ** ***** **, **** *** ** ****** at *** ********** ********* ********. *** ********** ********* ******** ** located ** -- **** **** ****** -- *** ******* *******, Springvale, ********, *********.

*** ******** ******* **** ***** **** ******* ***** ** *** antiques ** **** * ******* ******:

** *** ** *.*. ******? ** *******, *.*. ****** ** Lee ****** -- ** *********** ****** ***** ** *** ****** Kingdom *** ********* ******** *** **** * ******* ** ******** to *** *****. ******* ************** ******* *** ***** *** *** Farrow ****** ****** ******** **** ******** ** ** “******* ******,” a “********* ********,” “***** **** *****,” *** “******** ****** ******,” which *** ***** ****** ** ******** ** ** ***** “**** a ******* ******” **** ** *******.

Afcon ********** - $* *******

**** **, ** **** $* ******* ** ******** ** '*****':

**** **** *.*. ******, ********** ********** *** ******* *** ** make ****** *** ***** ******** ** ** ****** ***** ***** Communications

*** *** **** *****? ********* *** *****.

***** ** * *********** ********** ** *** ********* ***** *** laws ** *******.... * ***** ****** ** *** ******* ********* of *****’* ******* ********** *****’* “*********/********” ** **** ***** **** Ray *****.

Blackstone ********** - ~$* *******

****** $* ******* ** **********:

** *****, ********** ********** *** ******* *** ** **** ******** to ********** ***** ** ** ****** **$*,***,***.**.

*** *** ******** ******* ********** **** *** *****:

***** ** ** ******** ******* *** *** ********** *****, *** are ***** *** ******* ** *** ******* (********* *** ****** whatsoever) ******* **** ********** ***** ******** *** ******** ** *** at *** ****. ******** *** **** ********** ***** ****** **********, there ** ** *** ******** *** **** * *******, *** the ******* ** *** “********” ** *** * **** *******.... That *******, *******, ** *** ** ****** ******** ** ***** legitimate ******** ********. ******, ** ** *** ******** ** * UPS *****.

*** ******** ***** ****** ** *** *****:

** *** ***** ********* ** *** *******’* *******, **** *** processed * ******* ** ********** *****, * ************ *** ******** by ***’* **** ** ********** ******* *** *****’* ******** ***** *******! ** ******* ** *** ***only Company employee notified of the transactions with Blackstone Group.

Mirage - $*.* *******

**********, * ******* ***** '******' ** *******:

** ****** **** ** ** ******** ** ****** *** *** read *** ***** ** ********** ** **** ******* **** ****** Software **, ******, * ****** – ********* ********, ******* ********* or *******. *** ***** ****** *** ********* **** ****** ********, never ********* ******** **** ****** ******** *** ***** *** ******** of *********. **********, ***’* ******* *** ****** ** * ****** invoice **** ****** ******** ********** *** ******* ** ****** $*.* million ** ******* *****, *** ***** ** ** ***** ******* any *** ********* *** ****** ********.

The *** ** *** / ***** ****?

*** **** / ***** **** *** **** ***** ******* ***** any ******. *******, ** *** ****** ****** ** **** **** covering *** ********, ** ******* *** **** ***** ** *** in ***** ** ***** ******* ********, ** **** ** *** surprising. ****** *** **** '*** * ***' ***** ********* **** caught ** ** **** *** *** ******** **** *** ******* us ********** ****** ** ***** ***** ***********.

***** *********** *** **** *** *** ***** ***** ** ** gone ** ****, ** ** **** **** ***** **** **** is **** ** ***** ****.

Comments (13)

Who plays Ray in the movie???? You could not write a better script!!!!!!

My vote is for John Lithgow.

The Giant Gray goose is cooked.

There already is a screenplay for this. Sounds like they need to call in The Accountant!

So I guess they were not the "smartest guys in the room"....

Giant Grift.

So, which company is the next BRS/Giant Grey? Knightscope?

So, which company is the next BRS/Giant Grey? Knightscope?

That's funny because at least 3 people have independently made that comparison to me recently.

I actually don't agree, mainly because Knightscope has a real product that works (at least the fundamentals, I am excluding the hidden gun detection, etc.) and the founders seem more legit than BRS.

However, the way inflated expectations and the turn to raise money from mom n pops does draw some parallels. But my read on Knightscope is that this is just normal Silicon Valley shoot for the moon type execution rather than BRS bs.

That's a lot of mom n pops to fund $100 million. But I know 3 business associates who invested in the company in the initial stages. What a shame.

But I know 3 business associates who invested in the company in the initial stages.

3? Wow. How sad.

San Diego seemed to be a 'hotbed' for BRS Labs investors. One person who contacted me saying that they were an investor said that they were introduced by a waiter in a super high end restaurant. Strange deal.

Ray Davis has a brother that lives in San Diego and managed to recruit a lot of investors from Southern CA.

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