{"id":19515,"date":"2021-02-09T09:07:52","date_gmt":"2021-02-09T15:07:52","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19515"},"modified":"2021-02-10T09:07:41","modified_gmt":"2021-02-10T15:07:41","slug":"new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/","title":{"rendered":"New York And Other States Sue GPB Capital Holdings For Mass Ponzi Scam"},"content":{"rendered":"<h2>State Lawsuits Come After SEC Complaint and FBI Arrests<\/h2>\n<p>New York Attorney General Letitia James is <a href=\"https:\/\/ag.ny.gov\/sites\/default\/files\/gpb_not_assigned_the_people_of_the_stat_v_the_people_of_the_stat_complaint_2.pdf\">suing<\/a> <a href=\"https:\/\/www.investorlawyers.com\/gpb-capital-holdings-background-information.html\" target=\"_blank\" rel=\"noopener noreferrer\">GPB Capital Holdings<\/a> along with five co-defendants for running a mass Ponzi scam.<\/p>\n<p>The NY AG contends that the alternative asset firm and private equity fund manager, which is based in the state, defrauded investors throughout the US of over $700M. The complaint said that more than 1,400 of those victims were New Yorkers who invested over $150M.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/\"  title=\"Continue Reading New York And Other States Sue GPB Capital Holdings For Mass Ponzi Scam\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>State Lawsuits Come After SEC Complaint and FBI Arrests New York Attorney General Letitia James is suing GPB Capital Holdings along with five co-defendants for running a mass Ponzi scam. The NY AG contends that the alternative asset firm and private equity fund manager, which is based in the state, defrauded investors throughout the US [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19496,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102,3792,3772],"tags":[3188,4235,2872],"class_list":["post-19515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","category-ponzi-scams","category-private-placements","tag-gpb-capital-holdings","tag-gpb-ponzi-fraud","tag-ponzi-scam"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New York And Other States Sue GPB Capital For Ponzi Scam | SSEK Law<\/title>\n<meta name=\"description\" content=\"Thousands of investors, including retail investors and retirees, have suffered significant losses in GPB Capital Holdings investments.\" \/>\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\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"New York And Other States Sue GPB Capital For Ponzi Scam | SSEK Law\" \/>\n<meta name=\"twitter:description\" content=\"Thousands of investors, including retail investors and retirees, have suffered significant losses in GPB Capital Holdings investments.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/02\/pexels-ekaterina-bolovtsova-6077326-1.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":"New York And Other States Sue GPB Capital For Ponzi Scam | SSEK Law","description":"Thousands of investors, including retail investors and retirees, have suffered significant losses in GPB Capital Holdings investments.","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\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/","twitter_card":"summary_large_image","twitter_title":"New York And Other States Sue GPB Capital For Ponzi Scam | SSEK Law","twitter_description":"Thousands of investors, including retail investors and retirees, have suffered significant losses in GPB Capital Holdings investments.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/02\/pexels-ekaterina-bolovtsova-6077326-1.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\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"New York And Other States Sue GPB Capital Holdings For Mass Ponzi Scam","datePublished":"2021-02-09T15:07:52+00:00","dateModified":"2021-02-10T15:07:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/"},"wordCount":587,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/02\/pexels-ekaterina-bolovtsova-6077326-1.jpg","keywords":["GPB Capital Holdings","GPB Ponzi Fraud","Ponzi Scam"],"articleSection":["GPB Capital","Ponzi Scams","Private Placements"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/","url":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/","name":"New York And Other States Sue GPB Capital For Ponzi Scam | SSEK Law","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/02\/pexels-ekaterina-bolovtsova-6077326-1.jpg","datePublished":"2021-02-09T15:07:52+00:00","dateModified":"2021-02-10T15:07:41+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Thousands of investors, including retail investors and retirees, have suffered significant losses in GPB Capital Holdings investments.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/02\/pexels-ekaterina-bolovtsova-6077326-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/02\/pexels-ekaterina-bolovtsova-6077326-1.jpg","width":640,"height":426,"caption":"GPB Capital"},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/new-york-and-other-states-sue-gpb-capital-holdings-for-mass-ponzi-scam\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"New York And Other States Sue GPB Capital Holdings For Mass Ponzi Scam"}]},{"@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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