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SEC Monitor Installed at GPB Capital Holdings

The SEC recently requested an emergency court action that would impose an outside monitor to oversee the private-equity firm GPB Capital Holdings LLC after years of accusations and litigation. The emergency court action followed months of trying to place a monitor, only to fail to reach an agreement with the firm voluntarily. However, in [...]

2021-02-19T16:10:43-06:00February 19th, 2021|GPB Capital, Investor Law, Stockbroker Negligence|

More Fallout at GPB Capital

GPB has been the focus of multiple accusations that has led to the indictment of its Managing Director and CCO and class action lawsuits. The Wall Street Journal is now reporting that at least seven states, including Missouri, have filed allegations against GPB Capital Holdings alleging "massive fraud" in a "Ponzi-like scheme that fleeced [...]

2021-02-11T15:51:15-06:00February 11th, 2021|GPB Capital, Investor Law|

GPB Managing Director and CCO Indicted for Obstruction of Justice

More evidence of corruption at GPB Capital Holdings stacks up as its Managing Director and CCO is indicted. According to the indictment, when MICHAEL S. COHN left his position at the SEC to take a job with GPB, he allegedly stole sensitive and confidential information about investigations and brought that information into his new company. [...]

2021-02-11T13:26:07-06:00November 9th, 2019|GPB Capital, Investor Law, News|

Class Action Filed against GPB and Complicit Brokers

Embattled GPB Capital Holdings has been struck with another legal blow. Investors recently filed a class action complaint that alleges GPB breached its fiduciary duty by failing to produce timely and accurate financial statements and that it continues to prevent investors from getting information about their investments. The lawsuit implicates brokers who sold GPB Capital [...]

2019-11-07T11:55:26-06:00November 7th, 2019|GPB Capital, Investor Law, News|

GPB Capital Faces Scrutiny, Accusations

Investors who purchased private placement funds from GPB Capital paid high commissions to brokers and have suffered significant losses. GPB is facing multiple investigations by the SEC, FBI, and state agencies. GPB describes itself as an “alternative asset management company focusing on acquiring income-producing private companies.” It offers funds in several industries, including the [...]

2019-09-12T16:05:19-05:00September 12th, 2019|GPB Capital, Investor Law|