{"id":18301,"date":"2019-09-23T11:03:32","date_gmt":"2019-09-23T16:03:32","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18301"},"modified":"2019-10-23T19:23:57","modified_gmt":"2019-10-24T00:23:57","slug":"gpb-fails-to-meet-its-own-disclosure-deadline","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/","title":{"rendered":"GPB Fails to Meet Its Own Disclosure Deadline, Fires Prime Automotive Group CEO"},"content":{"rendered":"<p>After more than two years without disclosing any audited financial statements to investors or regulators, <a href=\"https:\/\/www.investorlawyers.com\/gpb-capital-holdings-background-information.html\" target=\"_blank\" rel=\"noopener noreferrer\">GPB Capital Holdings<\/a> has once again missed the deadline for providing a required update to shareholders. This time, the lapsed due date was one it had set for itself. This is just the latest bad news headline plaguing the beleaguered alternative asset firm, which is accused of running a $1.5B Ponzi scam. It is also facing a slew of investor claims for losses sustained after its GPB private placements funds saw a huge drop in value, in some cases by more than 73%.<\/p>\n<p>Once boasting $1.8B in assets involving auto dealerships and waste management, the private placement issuer is now under investigation by the <a href=\"https:\/\/www.fbi.gov\" target=\"_blank\" rel=\"noopener noreferrer\">Federal Bureau of Investigation (FBI)<\/a>, the <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">US Securities and Exchange Commission (SEC)<\/a>, the <a href=\"https:\/\/www.finra.org\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Industry Regulatory Authority (FINRA)<\/a>, and multiple state regulators. Two of its former business partners are accusing the company of operating like a Ponzi fraud.<\/p>\n<p><strong>Prime Automotive Group CEO Fired After Suing GPB Capital<\/strong><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/\"  title=\"Continue Reading GPB Fails to Meet Its Own Disclosure Deadline, Fires Prime Automotive Group CEO\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>After more than two years without disclosing any audited financial statements to investors or regulators, GPB Capital Holdings has once again missed the deadline for providing a required update to shareholders. This time, the lapsed due date was one it had set for itself. This is just the latest bad news headline plaguing the beleaguered [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18309,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102,3772],"tags":[4177,3764,3188,3767,4132],"class_list":["post-18301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","category-private-placements","tag-arkadios","tag-gpb-automotive-portfolio","tag-gpb-capital-holdings","tag-gpb-holdings-ii","tag-kalos-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GPB Fails to Meet Its Own Disclosure Deadline, Fires Prime Automotive Group CEO | SSEK Law Firm<\/title>\n<meta name=\"description\" content=\"GPB Capital Holdings has once again missed the deadline for providing a required update to shareholders, this time the deadline was for themselves.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GPB Fails to Meet Its Own Disclosure Deadline, Fires Prime Automotive Group CEO | SSEK Law Firm\" \/>\n<meta name=\"twitter:description\" content=\"GPB Capital Holdings has once again missed the deadline for providing a required update to shareholders, this time the deadline was for themselves.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/09\/deadline.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GPB Fails to Meet Its Own Disclosure Deadline, Fires Prime Automotive Group CEO | SSEK Law Firm","description":"GPB Capital Holdings has once again missed the deadline for providing a required update to shareholders, this time the deadline was for themselves.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/","twitter_card":"summary_large_image","twitter_title":"GPB Fails to Meet Its Own Disclosure Deadline, Fires Prime Automotive Group CEO | SSEK Law Firm","twitter_description":"GPB Capital Holdings has once again missed the deadline for providing a required update to shareholders, this time the deadline was for themselves.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/09\/deadline.jpeg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"GPB Fails to Meet Its Own Disclosure Deadline, Fires Prime Automotive Group CEO","datePublished":"2019-09-23T16:03:32+00:00","dateModified":"2019-10-24T00:23:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/"},"wordCount":616,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/09\/deadline.jpeg","keywords":["Arkadios","GPB Automotive Portfolio","GPB Capital Holdings","GPB Holdings II","Kalos Capital"],"articleSection":["GPB Capital","Private Placements"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/","url":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/","name":"GPB Fails to Meet Its Own Disclosure Deadline, Fires Prime Automotive Group CEO | SSEK Law Firm","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/09\/deadline.jpeg","datePublished":"2019-09-23T16:03:32+00:00","dateModified":"2019-10-24T00:23:57+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"GPB Capital Holdings has once again missed the deadline for providing a required update to shareholders, this time the deadline was for themselves.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/09\/deadline.jpeg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/09\/deadline.jpeg","width":1998,"height":1500,"caption":"Jeffery Vasiloff"},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-fails-to-meet-its-own-disclosure-deadline\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"GPB Fails to Meet Its Own Disclosure Deadline, Fires Prime Automotive Group CEO"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; 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