{"id":19326,"date":"2020-11-02T13:20:47","date_gmt":"2020-11-02T19:20:47","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19326"},"modified":"2020-11-03T13:20:57","modified_gmt":"2020-11-03T19:20:57","slug":"leo-financial-gpb-fraud-claim","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/","title":{"rendered":"Leo Financial Advisor and Pruco Securities Broker Robert Luley Allegedly Unsuitably Recommended GPB Automotive to Customers"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Charlotte, NC Advisor Is Named in GPB Private Placement Claims\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Robert Leo Luley, a financial advisor based in Charlotte, North Carolina, reportedly marketed and sold investments in GPB Automotive Portfolio from GPB Capital Holdings. The alternative asset firm is accused of running a $1.8B Ponzi scam that allowed brokers and investment advisors to earn over $165M in commissions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are several GPB funds, and all of them have lost money. GPB Automotive Portfolio is GPB Capital Holdings&#8217; second-largest fund.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/\"  title=\"Continue Reading Leo Financial Advisor and Pruco Securities Broker Robert Luley Allegedly Unsuitably Recommended GPB Automotive to Customers\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Charlotte, NC Advisor Is Named in GPB Private Placement Claims\u00a0 Robert Leo Luley, a financial advisor based in Charlotte, North Carolina, reportedly marketed and sold investments in GPB Automotive Portfolio from GPB Capital Holdings. The alternative asset firm is accused of running a $1.8B Ponzi scam that allowed brokers and investment advisors to earn over [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102,3792],"tags":[3764,4066,4445,2715,4444],"class_list":["post-19326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","category-ponzi-scams","tag-gpb-automotive-portfolio","tag-gpb-private-placements","tag-leo-financial","tag-pruco-securities","tag-robert-luley"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Leo Financial Advisor Unsuitably Recommended GPB Private Placements | Investor Lawyers<\/title>\n<meta name=\"description\" content=\"A Pruco Securities and Leo Financial advisor, Robert Luley, allegedly unsuitably recommended GPB Automotive private placements to customers.\" \/>\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\/leo-financial-gpb-fraud-claim\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Leo Financial Advisor Unsuitably Recommended GPB Private Placements | Investor Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"A Pruco Securities and Leo Financial advisor, Robert Luley, allegedly unsuitably recommended GPB Automotive private placements to customers.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/11\/man-sitting-on-green-chair-while-using-laptop-374831-1.jpg\" \/>\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":"Leo Financial Advisor Unsuitably Recommended GPB Private Placements | Investor Lawyers","description":"A Pruco Securities and Leo Financial advisor, Robert Luley, allegedly unsuitably recommended GPB Automotive private placements to customers.","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\/leo-financial-gpb-fraud-claim\/","twitter_card":"summary_large_image","twitter_title":"Leo Financial Advisor Unsuitably Recommended GPB Private Placements | Investor Lawyers","twitter_description":"A Pruco Securities and Leo Financial advisor, Robert Luley, allegedly unsuitably recommended GPB Automotive private placements to customers.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/11\/man-sitting-on-green-chair-while-using-laptop-374831-1.jpg","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\/leo-financial-gpb-fraud-claim\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Leo Financial Advisor and Pruco Securities Broker Robert Luley Allegedly Unsuitably Recommended GPB Automotive to Customers","datePublished":"2020-11-02T19:20:47+00:00","dateModified":"2020-11-03T19:20:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/"},"wordCount":575,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/11\/man-sitting-on-green-chair-while-using-laptop-374831-1.jpg","keywords":["GPB Automotive Portfolio","GPB Private Placements","Leo Financial","Pruco Securities","Robert Luley"],"articleSection":["GPB Capital","Ponzi Scams"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/","url":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/","name":"Leo Financial Advisor Unsuitably Recommended GPB Private Placements | Investor Lawyers","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/11\/man-sitting-on-green-chair-while-using-laptop-374831-1.jpg","datePublished":"2020-11-02T19:20:47+00:00","dateModified":"2020-11-03T19:20:57+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"A Pruco Securities and Leo Financial advisor, Robert Luley, allegedly unsuitably recommended GPB Automotive private placements to customers.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/11\/man-sitting-on-green-chair-while-using-laptop-374831-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/11\/man-sitting-on-green-chair-while-using-laptop-374831-1.jpg","width":640,"height":426,"caption":"Robert Luley, a Leo Financial advisor and Pruco Securities broker is accused of unsuitably recommended the GPB private placement, GPB Automotive to customers."},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/leo-financial-gpb-fraud-claim\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Leo Financial Advisor and Pruco Securities Broker Robert Luley Allegedly Unsuitably Recommended GPB Automotive to Customers"}]},{"@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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