201911.08
0

Class Action Alleges GPB Operated as a Ponzi Scheme

GPB Class Action | The DI Wire| November 7, 2019 A class action lawsuit was filed in an Austin federal court against GPB Capital Holdings, its affiliates, company executives, and the 80 broker-dealers that purportedly sold the company’s investment products to retail investors. A class action lawsuit was filed in a Texas federal court against GPB…

201911.08
0

GPB Capital Ran $1.8B Ponzi Scheme, Suit Says

GPB Ponzi Scheme | Law360 | Jack Queen | November 6, 2019 Law360 (November 6, 2019, 9:35 PM EST) — The controversy enveloping private equity fund GPB Capital Holdings LLC widened Wednesday with a proposed class action alleging the firm folded shady Russian money into a $1.8 billion Ponzi scheme that a onetime regulator said should have…

201911.08
0

Lawsuit claims GPB a Ponzi, riven with conflicts and self-dealing

GPB Ponzi | Investment News | Bruce Kelly | Nov 6, 2019 Attorneys say investment firm’s returns to investors came from new investors, not from business operations. Self-dealing, conflicts of interest and operating a Ponzi scheme were at the heart of GPB Capital Holdings and its ability to raise $1.8 billion from investors over the last six…

201911.06
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News Conference Audio – GPB Rotten to the Core From Day One

PEIFFER WOLF/MEYER WILSON: “ROTTEN TO THE CORE FROM DAY ONE,” GPB CAPITAL RAISED AT LEAST $1.8 BILLION THROUGH PONZI SCHEME FLAGGED BY WHISTLEBLOWER Madoff All Over Again? Whistleblower’s “Smoking Gun” Analysis of GPB Capital Scheme Was Contained in Files Indicted Ex-SEC Official Is Alleged to Have Spirited Away to GPB Capital; Law Firms Filing Class-Action…

201911.06
0

PEIFFER WOLF/MEYER WILSON: “ROTTEN TO THE CORE FROM DAY ONE,” GPB CAPITAL RAISED AT LEAST $1.8 BILLION THROUGH PONZI SCHEME FLAGGED BY WHISTLEBLOWER

Madoff All Over Again? Whistleblower’s “Smoking Gun” Analysis of GPB Capital Scheme Was Contained in Files Indicted Ex-SEC Official Is Alleged to Have Spirited Away to GPB Capital; Law Firms Filing Class-Action Lawsuit in Texas to Recover Funds Stolen by GPB and Network of “Helpers”. NEW YORK CITY – November 6, 2019 – The whistleblower…

201910.28
0

Indictment: Ex-SEC official stole info to land CCO job

GPB Obstruction of Justice  | Compliance Week | Jaclyn Jaeger | Wed, Oct 23, 2019 2:44 PM Michael Cohn, who was appointed in January as chief compliance officer at asset management firm GPB Capital Holdings, now faces charges of obstruction of justice, unauthorized computer access, and unauthorized disclosure of confidential information, according to an indictment unsealed…