A native of Oregon, he co-founded and later served as Chief executive officer (CEO) of Capital Consultants.
Grayson made legally questionable loans to Wilshire Credit Corporation and its CEO Andrew Wiederhorn.
[1] Grayson then attended the University of Oregon in Eugene where he spent one year on the cheerleading squad and was a member of the Beta Theta Pi fraternity.
[1] Grayson graduated with a business degree from Oregon and then enrolled at Willamette University College of Law in Salem.
A judge later removed Grayson from control of the company, and federal prosecutors filed a charges for 22 separate counts in October 2001.
[2] Grayson pleaded guilty to mail fraud and another charge in the case, and could have received up to four years in jail.