{"id":19072,"date":"2020-07-13T11:09:52","date_gmt":"2020-07-13T16:09:52","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19072"},"modified":"2020-07-16T11:11:02","modified_gmt":"2020-07-16T16:11:02","slug":"gpb-capital-holdings-receives-ppp-loans","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-receives-ppp-loans\/","title":{"rendered":"Despite $1.8B Ponzi Scam Allegations, GPB Capital Received Up to $7M in PPP Loans"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Alternative Asset Firm Gets Federal Aid While Its Investors Fight To Recover Their Losses<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Even as the US Securities Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the FBI, state regulators and others have continued to investigate GPB Capital Holdings over allegations that it ran an up to $1.8B Ponzi scam, the alternative asset firm and its affiliated companies were able to secure between $3M and $7M in Paycheck Protection Program (PPP) loans following the outbreak of COVID-19.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">News of the loans was disclosed by the Small Business Administration.\u00a0 GPB is one of over 660,000 small businesses that received loans under the PPP program, which is part of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act.<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-receives-ppp-loans\/\"  title=\"Continue Reading Despite $1.8B Ponzi Scam Allegations, GPB Capital Received Up to $7M in PPP Loans\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Alternative Asset Firm Gets Federal Aid While Its Investors Fight To Recover Their Losses Even as the US Securities Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the FBI, state regulators and others have continued to investigate GPB Capital Holdings over allegations that it ran an up to $1.8B Ponzi scam, the alternative asset [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102,3772],"tags":[3103,3188,4235],"class_list":["post-19072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","category-private-placements","tag-gpb-capital","tag-gpb-capital-holdings","tag-gpb-ponzi-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GPB Capital Receives Up To $7M In PPP Loans | Investor Fraud Lawyers<\/title>\n<meta name=\"description\" content=\"GPB Capital Holdings was given up to $7M in PPP loans despite allegations that the alternative asset firm have been running a $1.8B ponzi scam.\" \/>\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-capital-holdings-receives-ppp-loans\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GPB Capital Receives Up To $7M In PPP Loans | Investor Fraud Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"GPB Capital Holdings was given up to $7M in PPP loans despite allegations that the alternative asset firm have been running a $1.8B ponzi scam.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/07\/overconcentration.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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