Investors have filed multiple lawsuits to recover losses and GPB sold off Prime Automotive.
PALM BEACH, FL, USA, September 29, 2021 /EINPresswire.com/ — Last week was recently reported that GPB Capital sold off Prime Automotive for $880 million. The sale is unlikely to help GPB Capital investors. It comes after a New York FINRA arbitration panel awarded full losses to a GPB Waste Management and GPB Automotive Portfolio investor. Earlier this year, GBP Capital Holdings and three individuals were charged by the Securities Exchange Commission (SEC) with allegations involving fraud and running a $1.6 billion Ponzi scheme. The allegations prominently refer to Jeffrey Schneider, GPB’s placement agent Ascendant Capital, David Gentile, and Jeffrey Lash, noting that the executives of GPB have been charged with wire fraud, securities fraud, and conspiracy involving as many as 17,000 GPB fund investors.
For the last two years, GPB Capital Holdings investors have received a continuous flow of bad news about their investments. Haselkorn & Thibaut, P.A. (InvestmentFraudLawyers.com) has filed numerous GPB Capital lawsuits (in the form of FINRA arbitration claims) nationwide for investors in an effort to successfully assist those investors in recovering their investment losses and damages.
Investors are encouraged to call 1-800-856-3352 to receive their free “GPB Capital Investor’s Guide” and a free case evaluation….