{"id":19902,"date":"2021-08-10T05:48:35","date_gmt":"2021-08-10T10:48:35","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19902"},"modified":"2022-07-22T11:44:16","modified_gmt":"2022-07-22T16:44:16","slug":"gpb-capital-executives-funded-personal-spending","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-executives-funded-personal-spending\/","title":{"rendered":"Did GPB Capital Holdings Executives Improperly Use Investors\u2019 Money To Fund Personal Spending?"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Federal Prosecutors Interviewed Alternative Asset Firm\u2019s Former Auditor<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Six months after the Justice Department filed criminal charges against ex-GPB Capital Holdings executives for operating an over $1.8B Ponzi scam that <\/span><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-says-gpb-capital-holdings-ceo-and-executives-defrauded-over-17000-investors-in-1-7b-ponzi-scam\/\"><span style=\"font-weight: 400;\">defrauded more than 17,000 investors<\/span><\/a><span style=\"font-weight: 400;\">, prosecutors have submitted a court filing disclosing that federal officials have interviewed Alan Materazo of Margolin Winer &amp; Evens, an ex-auditor and accountant for the private placement firm.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Former GPB CEO and founder David Gentile, ex-managing partner Jeffrey Schneider, and Ascendant Capital owner Jeffrey Lash, who were charged with securities fraud, and conspiracy have also come under scrutiny for allegedly using investors\u2019 money to pay for their own expenses. The interview of Materazo may have shed more light on whether this was, in fact, the case.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-executives-funded-personal-spending\/\"  title=\"Continue Reading Did GPB Capital Holdings Executives Improperly Use Investors\u2019 Money To Fund Personal Spending?\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Federal Prosecutors Interviewed Alternative Asset Firm\u2019s Former Auditor\u00a0 Six months after the Justice Department filed criminal charges against ex-GPB Capital Holdings executives for operating an over $1.8B Ponzi scam that defrauded more than 17,000 investors, prosecutors have submitted a court filing disclosing that federal officials have interviewed Alan Materazo of Margolin Winer &amp; Evens, an [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102],"tags":[3188,4513],"class_list":["post-19902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","tag-gpb-capital-holdings","tag-gpb-lawsuit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Did GPB Capital Executives Use Investors\u2019 Money For Personal Spending?<\/title>\n<meta name=\"description\" content=\"The ex-auditor of GPB Capital Holdings has given insight into the personal spending of former GPB executives. 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