{"id":19565,"date":"2021-02-12T12:48:08","date_gmt":"2021-02-12T18:48:08","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19565"},"modified":"2022-04-19T12:57:10","modified_gmt":"2022-04-19T17:57:10","slug":"sec-seeks-monitor-against-gpb-capital","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-seeks-monitor-against-gpb-capital\/","title":{"rendered":"SEC Seeks Court-Appointed Monitor To Protect Investors Victimized In Mass GPB Capital Ponzi Scam"},"content":{"rendered":"

Regulator Wants to Prevent Alternative Asset Firm From Causing Investors More Financial Harm<\/span><\/h2>\n

In U.S. District Court for the Eastern District of New York in Brooklyn, the Securities and Exchange Commission (SEC) has <\/span>submitted a court filing<\/span><\/a> asking that a monitor be appointed to prevent GPB Capital Holdings, LLC from committing more alleged misconduct and disposing of any assets that could be used to recover investors\u2019 money. The regulator is suing the alternative asset firm for allegedly defrauding more than 17,000 investors in an over $1.7B Ponzi scam.<\/span><\/p>\n

The SEC contends that having a monitor is warranted and needed. The Commission wants to give this person broad powers over “non-privileged books, records, and account statements for the entities and assets\u201d related to GPB Capital Holdings\u2019 portfolio companies and funds.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Regulator Wants to Prevent Alternative Asset Firm From Causing Investors More Financial Harm In U.S. District Court for the Eastern District of New York in Brooklyn, the Securities and Exchange Commission (SEC) has submitted a court filing asking that a monitor be appointed to prevent GPB Capital Holdings, LLC from committing more alleged misconduct and […]<\/p>\n","protected":false},"author":2,"featured_media":19566,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,4102],"tags":[3188,4519],"class_list":["post-19565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-gpb-capital","tag-gpb-capital-holdings","tag-gpb-ponzi-scam"],"yoast_head":"\nSEC Seeks Monitor to Protect GPB Capital Investors<\/title>\n<meta name=\"description\" content=\"The SEC is seeking a court-appointed 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