GPB-Recover logo

Start Your Claim

Call (800) 931-8452

The Wolper Law Firm Is Currently Pursuing Recovery Options Against Brokerage Firms That Recommended That Clients Purchase Risky Private Placements Issued By GPB Capital Holdings, LP.

Investors Were Initially Lured With The Prospect Of Attractive Returns. It Now Appears That These Recommendations Were Motivated By Commissions. Brokers Were Reportedly Paid Commissions of 8%, Totaling More than $100 Million.

Contact Us Today For A Free Consultation And Evaluation Of Your Claim

Start Your Investor Recovery Claim Now

Investment Recovery Lawyer That Gets Results

five-stars-orange-1

I solicited Wolper Law Firm to help me with an investment issue I was having and was very impressed with Matt Wolper.

He is a good listener, smart, knowledgeable, articulate and very resourceful. It was a very difficult case, but Matt navigated for the best results under the circumstances. I will recommend Wolper Law Firm to anyone.

five-stars-orange (2)

I was scammed by an investment firm and used Wolper law firm.

I highly recommend this law firm to anyone. very easy to work with and honest.

five-stars-orange (2)

Matt has been excellent to work with.

He provided my husband & I with superb professional guidance & expertise throughout our legal process, eventually giving us an outcome that exceeded our expectations. We would highly recommend him.

Call (800) 931-8452 For A Free Consultation

What Investors Should Know About GPB Capital And The Brokerage Firms That Recommended GPB Private Placements

GPB Capital Holdings LLC started in 2013, buying auto dealerships. It reportedly has raised a total of $1.5 billion from more than 4,000 investors in a series of private placement funds:

-GPB Automotive Portfolio, LP
-GPB Cold Storage, LP
-GPB Eurobond Finance PLC
-GPB Holdings II, LP
-GPB Holdings, III, LP
-GPB Holdings Qualified, LP
-GPB Holdings, LP
-GPB NYC Development
-GPB Scientific, LLC
-GPB Waste Management, LP formerly: GPB Waste Management Fund, LP.

GPB utilized a network of brokerage firms to sell private placement interests to retail customers. It has been reported that the following brokerage firms were involved in the sale of GPB Capital Holdings family of funds: Accelerated Capital Group, Advisory Group Equity Services, Ltd, Aegis Capital Corp, Aeon Capital, Inc., American Capital Partners, LLC, Arete Wealth Management, LLC, Arkadios Capital, Ascendant Alternative Strategies, LLC, Ausdal Financial Partners, Inc., Avere Financial Group, LLC, Axiom Capital Management, Inc., BCG Securities, Inc., Benjamin & Jerold Brokerage I, LLC, Cabot Lodge Securities, LLC, Calton & Associates, Inc., Cape Securities, Inc., Capital Financial Services, Inc., Capital Investment Group, Inc., Cascade Financial Management, Inc., Center Street Securities, Inc., Coastal Equities, Inc., Colorado Financial Service Corp., Concorde Investment Services, LLC, Crown Capital Securities, L.P., Crystal Bay Securities, Inc., H. Hill Securities, LLLP, David A. Noyes & Company, Dawson James Securities, Inc., Dempsey Lord Smith, LLC, Detalus Securities, LLC, DFPG Investments, Inc., Dinosaur Financial Group, LLC, Emerson Equity LLC, Financial West Group, FSC Securities Corp., Geneos Wealth Management, Inc., Great Point Capital, LLC, Hightower Securities, LLC, IBN Financial Services, Inc., Innovation Partners LLC, International Assets Advisory, LLC, Investment Architects, Inc., Kalos Capital, Inc., Kingsbury Capital, Inc., Landolt Securities, Inc., Lewis Financial Group, L.C., Lion Street Financial, LLC, Lowell & Company, Inc., Madison Avenue Securities, Inc., McDonald Partners LLC, McNally Financial Services Corp., Moloney Securities Co., Inc., Money Concepts Capital Corp., MSC – BD LLC, National Securities Corp., Newbridge Securities Corp., Orchard Securities, LLC, Pariter Securities, LLC, Private Client Services, LLC, Purshe Kaplan Sterling Investments, Royal Alliance Associates, Inc., Sagepoint Financial, Inc., Sandlapper Securities, LLC, SCF Securities, Inc., Sentinus Securities, LLC, Silber Bennett Financial, Inc., Stephen A. Kohn & Associates, Ltd, Triad Advisors, LLC, Uhlmann Price Securities, LLC, United Planners’ Financial Services of America, LP, Vanderbilt Securities, LLC, Vestech Securities, Inc., Western International Securities, Inc., Westpark Capital, Inc., Whitehall-Parker Securities, Inc., Wilmington Capital Securities, LLC, Windsor Street Capital, LP, and Woodbury Financial Services, Inc..

The brokerage firms and brokers working at those firms were incentivized to sell the GPB funds by commissions rates of nearly 8%. GPB is said to have paid more than $100 million in commissions to brokers and brokerage firms that sold the risky GPB private placements.

According to public reports, trouble for GPB started in 2017 when it sued a former business partner who allegedly reneged on a sale of multiple car dealerships. Among other claims, GPB Capital Holdings sought the return of $42 million it had paid to the former business partner. Within the same proceeding, it was alleged that GPB was a “very complicated and manipulative ponzi scheme."

Then, in April 2018, GPB Capital Holdings, failed to provide the SEC with required financial reports and a few months later announced that no new investor capital would be accepted. According to public reports, the firm is “straightening out” the accounting for two of its larger funds – GPB Holdings II and GPB Automotive Portfolio.

Shortly after GPB’s announcement, Massachusetts securities regulators announced an investigation into 63 broker-dealers who allegedly sold GPB private placements. GPB’s auditor also recently resigned, citing perceived risks, and securities regulators Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) also have launched independent investigations into GPB Capital Holdings and those broker-dealers that sold GPB Funds.

In addition, in July 2019, David Rosenberg, a chief executive of Prime Automotive Group, filed another lawsuit against GPB in Massachusetts Superior Court, alleging a “massive securities fraud” in which it used money from investors to prop up the performance of auto dealerships it owns, as well as to finance payments to other investors.

Award-Winning Legal Service

AV wolper
large_orange3
Rising Star Wolper

Meet Investment Loss Attorney Matt Wolper

banner-wolper

Wolper Law Firm is a client focused law firm devoted to recovering investment losses on behalf of investors.  We pursue claims nationwide and in all forums, including state and federal courts.

When choosing a law firm to represent you in the recovery of investment losses, it is important that you choose an experienced investment loss attorney that is willing and capable of taking your case through the trial phase. We take cases to trial, and we prepare each one accordingly from the start. We have the experience, judgment, and vision to develop the arguments that result in favorable outcomes. It is our mission to build a deep and trusting relationship with our clients and become your partners in the process.

For A Free Consultation Call (800) 931-8452

The information contained on www.wolperlawfirm.com website (the “Service”) is for general information purposes only. Wolper Law Firm assumes no responsibility for errors or omissions in the contents on the Service. In no event shall Wolper Law Firm be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. Wolper Law Firm reserves the right to make additions, deletions, or modification to the contents on the Service at any time without prior notice. Wolper Law Firm does not warrant that the Service is free of viruses or other harmful components.