{"id":6672,"date":"2018-11-19T06:01:56","date_gmt":"2018-11-19T12:01:56","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6672"},"modified":"2018-11-19T06:01:56","modified_gmt":"2018-11-19T12:01:56","slug":"gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/","title":{"rendered":"GPB Capital Holdings\u2019 Auditor Resigns Within Months of Private Placement Sales Suspension"},"content":{"rendered":"<p>\t\t\t\tAlready under scrutiny for suspending its sale of <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/investments\/\" target=\"_blank\" rel=\"noopener noreferrer\">private placements<\/a>, along with redemptions to investors, GPB Capital Holdings now has to explain why its accountant, Crowe LLP, has resigned as the alternative asset management firm\u2019s auditor. GPB Capital had announced a few months ago that it was undergoing an accounting overhaul and that this was why it had failed to submit financial statements for its two biggest funds \u2013 the GPB Holdings II and the GPB Automotive Portfolio \u2013 to the <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">U.S. Securities and Exchange Commission (SEC)<\/a> earlier this year. These private placements primarily invest in waste management businesses and car dealerships.<\/p>\n<p>According to GPB Capital CEO David Gentile, Crowe has resigned because of \u201cperceived risks\u201d that the accounting firm felt were outside its \u201cinternal risk tolerance parameters.\u201d GPB Capital has since retained EisnerAmper, LLP as its replacement auditor.<\/p>\n<p>Such a significant change at such an important time period should raise significant concerns to those who have invested in GPB Capital Holdings private placement deals. GPB Capital Holdings has at least nine different funds including the two mentioned above (GPB Automotive Portfolio and GPB Holdings II) as well as GPB Holdings III, GPB Cold Storage, GPB NY Development and GPB Waste Management.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/\"  title=\"Continue Reading GPB Capital Holdings\u2019 Auditor Resigns Within Months of Private Placement Sales Suspension\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Already under scrutiny for suspending its sale of private placements, along with redemptions to investors, GPB Capital Holdings now has to explain why its accountant, Crowe LLP, has resigned as the alternative asset management firm\u2019s auditor. GPB Capital had announced a few months ago that it was undergoing an accounting overhaul and that this was [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3738,3792,3772],"tags":[3006,3188,3189,3190,3191],"class_list":["post-6672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-investor-fraud","category-ponzi-scams","category-private-placements","tag-fsc-securities","tag-gpb-capital-holdings","tag-royal-alliance-associates","tag-sagepoint-financial-services","tag-woodbury-financial-services-i"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GPB Capital Holdings Auditor Resigns &amp; More News | SSEK Law Firm<\/title>\n<meta name=\"description\" content=\"Already under scrutiny for suspending its sale of private placements, along with redemptions to investors, GPB Capital Holdings now has to explain why its accountant, Crowe LLP, has resigned as the alternative asset management firm\u2019s auditor.\" \/>\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\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GPB Capital Holdings Auditor Resigns &amp; 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Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"GPB Capital Holdings\u2019 Auditor Resigns Within Months of Private Placement Sales Suspension","datePublished":"2018-11-19T12:01:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/"},"wordCount":673,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/did-not-get-fired.jpg","keywords":["FSC Securities","GPB Capital Holdings","Royal Alliance Associates","SagePoint Financial Services","Woodbury Financial Services I"],"articleSection":["Broker Fraud","Investor Fraud","Ponzi Scams","Private Placements"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/","url":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/","name":"GPB Capital Holdings Auditor Resigns & More News | SSEK Law Firm","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/did-not-get-fired.jpg","datePublished":"2018-11-19T12:01:56+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Already under scrutiny for suspending its sale of private placements, along with redemptions to investors, GPB Capital Holdings now has to explain why its accountant, Crowe LLP, has resigned as the alternative asset management firm\u2019s auditor.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/did-not-get-fired.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/did-not-get-fired.jpg","width":880,"height":250,"caption":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-holdings-auditor-resigns-within-months-of-private-placement-sales-suspension\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"GPB Capital Holdings\u2019 Auditor Resigns Within Months of Private Placement Sales Suspension"}]},{"@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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