GPB Capital Holdings is under investigation by different authorities, including the Federal Bureau of Investigation (FBI), the Securities and Exchange Commission (SEC), and a host of state-level securities divisions for potentially running a $1.8 billion Ponzi scheme.
Dimond Kaplan & Rothstein, P.A. represents numerous GPB investors in FINRA arbitration claims against the brokerage firms that sold GPB securities to investors. The firm already has recovered a significant amount of money for certain GPB investors. In addition, the firm has filed a class-action lawsuit against GPB and related entities in an effort to recover money for GPB investors.
Although GPB has denied being part of a fraudulent scheme, investors have been waiting more than a year to learn the value of their investments and to receive GPB's audited financials. During that wait, even GPB has acknowledged that investors’ GPB holdings have decreased in value.
Investors Stuck with Investments Until Case Resolved
Until the situation is resolved, investors have been prohibited from liquidating their investments or selling on secondary markets.
In a November 2019 release, GPB Capital announced that it would not meet its latest deadline of December 31 to file its financial statements. This is yet another disappointment to investors and lends credence to the numerous FINRA arbitration claims and class action lawsuits that have alleged GPB fraud.
Speak with a Securities Fraud Attorney
Dimond Kaplan & Rothstein, P.A. has vast experience representing investors who have lost money as a result of securities fraud or stockbroker misconduct. We will aggressively pursue claims to recover your losses or damages.
If you are looking for a securities fraud attorney to review your rights and options, the securities fraud lawyers at Dimond Kaplan & Rothstein, P.A. represent individual and institutional investors who have lost money as a result of securities fraud or stockbroker misconduct.
Contact Dimond Kaplan & Rothstein Today
For a FREE case evaluation, contact a securities fraud attorney at Dimond Kaplan & Rothstein, P.A. to confirm an appointment. DKR has offices in Los Angeles, New York, Detroit, Naples, West Palm Beach and Miami, and we represent clients nationwide. Translations services are available.