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Investors have filed multiple lawsuits to recover losses and now FINRA has awarded full losses to GPB Capital an investor.
NYC, NY, USA, August 18, 2021 /EINPresswire.com/ — Last week, 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…
