Below is our latest investor fraud video, this one on GPB Capital. A full transcript follows along with a link to our GPB Capital Loss Recovery information page.
Hi. I am Attorney Brian Mahany. For over 30 years I devoted my life to protecting the public from fraudsters. My career began as a police officer. Later I became a prosecutor and now I am a lawyer representing victims of Ponzi schemes and investment frauds. I traded in a badge and a gun for a briefcase but the work is pretty much the same.
In this short 3 minute video we discuss GPB Capital and whether it is a Ponzi scheme. I think it is and will tell you why and what you can do before it is too late.
All Ponzi schemes ultimately collapse under their own weight and we certainly think that GPB Capital is a Ponzi scheme and that it will collapse in 2020. Let me tell you why.
Using a network of stockbrokers and financial advisors, GPB raised $1.5 billion from thousands of investors. The money was to be used to fund the purchase of auto dealerships and waste-management businesses. Many iIvestors were promised that their investment was safe and would produce an income stream for many years. Let me be blunt: GPB is not safe; we don’t believe that investor funds were used for their intended purposes and we don’t think many investors will get back their hard earned money.
Don’t take my word for it. For many months GPB has failed to release required financial statements. Their outside auditor quit. A inside whistleblower testified that investor funds were diverted for improper purposes. The FBI, SEC, the Financial Industry Regulatory Authority and state authorities from New York and Massachusetts have all commenced investigations.
Want more? The Justice Department indicted GPB’s Chief Compliance Officer and charged him with obstructing the regulatory investigations.
Despite all these red flags, many investors continue to sit on the fence. Why? Nobody wants to be the victim of a fraud. And the typical GPB Capital investor is financially sophisticated.
To learn more, the URL for our GPB Loss Recovery page appears at the end of this video. Simply pause the video at the end to learn more and for our contact information.
Assuming GPB Capital is a fraud, the way to collect is from the brokers and financial advisers peddling this garbage. Federal law says that these brokers and financial professionals had a duty to conduct proper due diligence into the product and ensure the investment was suitable for their clients.
To learn more, visit our GPB Loss Recovery page or contact us. There is no obligation. The information is on the screen. Thank you for watching. We welcome your calls.
For more information contact attorney Brian Mahany at 202-800-9791 or visit our GPB Capital Loss Recovery page.