GPB Capital Holdings Investigation


GPB Capital Holdings Class Action Lawsuit Investigation

Update: Girard Sharp and Gibbs Law Group have jointly filed the first class action lawsuit against GPB Capital after allegations that the company ran a Ponzi-like scheme. Read a copy of the complaint here.

Our investment fraud lawyers are investigating potential legal claims arising out of reports that GPB Capital Holdings may have released inaccurate and misleading financial reports and otherwise misled investors in certain of its private funds. On March 4, 2019, the company announced it was under FBI investigation, following separate SEC and FINRA investigations announced in December 2018.

If you invested in a GPB fund, you may have a claim. Speak with a Girard Sharp investment fraud attorney about your legal rights at (866) 981-4800 or by submitting your information below:

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Private Placement Funds Under Review

The SEC and FINRA investigations follow a Massachusetts Securities Enforcement Division investigation of GPB Capital’s and associated broker-dealers’ sales practices.

Private placements—such as the GPB funds we are investigating—are “illiquid, high-risk and high-commission alternative investments.” Further, because these securities are unregistered, they lack the regulatory oversight that helps safeguard other investments.

Investment News has reported that GPB Holdings stopped raising new investment money in August 2018, to “focus on straightening out the accounting and financial statements of its two largest funds.” One GPB executive suggested that the SEC has questioned the accuracy of GPB’s disclosures to investors, and is investigating GPB fund performance and distribution of capital to investors.

Another Investment News article reported that GPB Capital Holdings wrote to broker-dealers that it needed to “overhaul and restate the 2015 and 2016 financial statements of certain funds as part of its accounting review.” Those statements concerned three series of private placements: GPB Automotive Portfolio ($622.1 million invested); GPB Holdings II ($645.8 million); and GPB Holdings Qualified.

Have You Invested in a GPB Private Placement Fund?

Our investigation of GPB private placements includes (but is not limited to) the following funds:

  • GPB Automotive Portfolio, LP
  • GPB Holdings II, LP
  • GPB Holdings III, LP
  • GPB Holdings, LP
  • GPB Cold Storage LP
  • GPB Holdings Qualified, LP
  • GPB NYC Development, LP
  • GPB Waste Management Fund, LP 

If you have invested in a GPB Capital private placement fund—including any of the funds listed here—you may have a claim. Speak with a Girard Sharp investment fraud attorney about your legal rights at (866) 981-4800 or by submitting your information above.

Our Commitment to Excellence

Girard Sharp has earned national Tier 1 rankings for Mass Tort and Class Action Litigation and has been named to the U.S. News – Best Lawyers “Best Law Firms” list each year since 2013. Read about some of our results.

We have recovered over a billion dollars for our clients against some of the nation’s largest corporations, such as Raymond James, Peregrine Financial Group, and OppenheimerFunds, in cases arising from securities fraud, false advertising and other unfair business practices.

For a free consultation about your potential claims, contact one of our investment fraud attorneys at (866) 981-4800.

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