{"id":19502,"date":"2021-02-05T13:32:42","date_gmt":"2021-02-05T19:32:42","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19502"},"modified":"2021-02-08T13:43:09","modified_gmt":"2021-02-08T19:43:09","slug":"sec-says-gpb-capital-holdings-ceo-and-executives-defrauded-over-17000-investors-in-1-7b-ponzi-scam","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-says-gpb-capital-holdings-ceo-and-executives-defrauded-over-17000-investors-in-1-7b-ponzi-scam\/","title":{"rendered":"SEC Says GPB Capital Holdings CEO and Executives Defrauded Over 17,000 Investors In $1.7B Ponzi Scam"},"content":{"rendered":"<h2>Justice Department Files Parallel Criminal Charges Against GPB Capital&#8217;s David Gentile and Others<\/h2>\n<p>The <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">Securities and Exchange Commission<\/a> (SEC) has filed civil charges against GPB Capital Holdings CEO and owner David Gentile, ex-GPB managing partner Jeffrey Lash, Ascendant Capital owner Jeffry Schneider, and affiliated entities, including Ascendant Alternative Strategies, of defrauding 17,000 retail investors in a more than $1.7B in a Ponzi-like scam.<\/p>\n<p><a href=\"https:\/\/www.investorlawyers.com\/gpb-capital-holdings-background-information.html\" target=\"_blank\" rel=\"noopener noreferrer\"> GPB Capital Holdings<\/a>, an alternative asset firm that invests in auto dealerships and waste management, has been under investigation over Ponzi fraud allegations by the SEC, the Federal Bureau of Investigation (FBI), the <a href=\"http:\/\/finra.org\">Financial Industry Regulatory Authority<\/a> (FINRA), and others for more than two years. Now, in a parallel case, the U.S. Attorney\u2019s Office for the Eastern District of New York has filed criminal charges <a href=\"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-principals-indicted\/\" target=\"_blank\" rel=\"noopener noreferrer\">indicting<\/a> Gentile, Lash, and Schneider. If convicted, they could each spend up to two decades in prison.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-says-gpb-capital-holdings-ceo-and-executives-defrauded-over-17000-investors-in-1-7b-ponzi-scam\/\"  title=\"Continue Reading SEC Says GPB Capital Holdings CEO and Executives Defrauded Over 17,000 Investors In $1.7B Ponzi Scam\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Justice Department Files Parallel Criminal Charges Against GPB Capital&#8217;s David Gentile and Others The Securities and Exchange Commission (SEC) has filed civil charges against GPB Capital Holdings CEO and owner David Gentile, ex-GPB managing partner Jeffrey Lash, Ascendant Capital owner Jeffry Schneider, and affiliated entities, including Ascendant Alternative Strategies, of defrauding 17,000 retail investors in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,4102,3792,3772],"tags":[3188,4235,4066],"class_list":["post-19502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-gpb-capital","category-ponzi-scams","category-private-placements","tag-gpb-capital-holdings","tag-gpb-ponzi-fraud","tag-gpb-private-placements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GPB Capital Holdings CEO Defrauded Over 17,000 Investors | SSEK Law<\/title>\n<meta name=\"description\" content=\"Civil charges are filed against GPB Capital Holdings CEO David Gentile, Jeffrey Lash, and Jeffry Schneider in a $1.7B Ponzi-like 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\/sec-says-gpb-capital-holdings-ceo-and-executives-defrauded-over-17000-investors-in-1-7b-ponzi-scam\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GPB Capital Holdings CEO Defrauded Over 17,000 Investors | SSEK Law\" \/>\n<meta name=\"twitter:description\" content=\"Civil charges are filed against GPB Capital Holdings CEO David Gentile, Jeffrey Lash, and Jeffry Schneider in a $1.7B Ponzi-like scam.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/06\/tingey-injury-law-firm-yCdPU73kGSc-unsplash-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":"GPB Capital Holdings CEO Defrauded Over 17,000 Investors | SSEK Law","description":"Civil charges are filed against GPB Capital Holdings CEO David Gentile, Jeffrey Lash, and Jeffry Schneider in a $1.7B Ponzi-like scam.","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\/sec-says-gpb-capital-holdings-ceo-and-executives-defrauded-over-17000-investors-in-1-7b-ponzi-scam\/","twitter_card":"summary_large_image","twitter_title":"GPB Capital Holdings CEO Defrauded Over 17,000 Investors | SSEK Law","twitter_description":"Civil charges are filed against GPB Capital Holdings CEO David Gentile, Jeffrey Lash, and Jeffry Schneider in a $1.7B Ponzi-like scam.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/06\/tingey-injury-law-firm-yCdPU73kGSc-unsplash-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; 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