All 3 issuers belong to the sponsor group Orbis Institutional (6 issuers, $3.14B reported sold, 2012–2026).
What this means A sponsor group is one team that sets up a new company for each deal. Orbis Institutional has 6 companies on file and $3.14B reported sold in total — the group page shows the whole track record in one place.
Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA) — 3 bankruptcy cases matching the name listed in Key records below.
What this means 3 records came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.
We compared 3 public filings for William B. Gray and found 10 differences, 5 worth asking the sponsor about: Investor count went down between filings; Form D filed 1,107 days after the first sale; and more below.
What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.