On February 4, 2021, the SEC charged GPB Capital Holdings and its owners with securities fraud and referred to it as a Ponzi scheme that raised over $1.7 billion from investors. Additionally, at least seven state securities regulators have filed state regulatory actions against GPB alleging a securities fraud that has defrauded approximately 17,000 American investors.
Criminal charges have also been filed by the US Attorney’s office against GPB’s owners and affiliates in federal court in New York.
Maddox Hargett & Caruso, P.C. represents investors nationwide who are trying to recover their GPB losses. If your financial advisor recommended that you invest in GPB, we may be able to help you recover some or most of your losses. You can call or email our senior partner Mark Maddox to have your potential case evaluated at no charge. Please call 317-598-2040 or email him at mmaddox@mhclaw.com.