{"id":6855,"date":"2019-03-05T11:56:31","date_gmt":"2019-03-05T17:56:31","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6855"},"modified":"2019-03-05T11:56:31","modified_gmt":"2019-03-05T17:56:31","slug":"fbi-is-investigating-gpb-capital-holdings","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/","title":{"rendered":"FBI Is Investigating GPB Capital Holdings"},"content":{"rendered":"<p>\t\t\t\t<em>InvestmentNews <\/em>reports that the <a href=\"https:\/\/www.fbi.gov\" target=\"_blank\" rel=\"noopener noreferrer\">Federal Bureau of Investigation<\/a> is investigating GPB Capital Holdings. The alternative investment management firm said that the FBI stopped by unannounced to its New York offices last week. The visit took place a few months after both the <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">US Securities and Exchange Commission (SEC)<\/a> and the <a href=\"http:\/\/www.finra.org\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Industry Regulatory Authority (Finra)<\/a> launched separate probes into the firm, which claims to have raised $1.8B from accredited, high net worth investors via private placement funds invested in waste management and car dealerships. <em>WealthManagement.com<\/em> reports that <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/investments\/\" target=\"_blank\" rel=\"noopener noreferrer\">GPB Capital Holdings-sold private placements<\/a>\u00a0that are risky, illiquid alternative investments. However, there is growing concern that not all of these investors, were, in fact, sophisticated, accredited, high net worth parties.<\/p>\n<p>In September, Massachusetts Secretary of the Commonwealth William Galvin announced it was investigating 63 brokerage firms for selling GPB Capital Holdings-issued private placements. Among the broker-dealers that sold these investments were Advisor Group firms Sagepoint Financial Inc, Royal Alliance Associates, Inc., Woodbury Financial Services, Inc., and FSC Securities Corp. News of Secretary<\/p>\n<p>Galvin\u2019s probe came just a month after GPB Capital Holdings announced that it was pausing its efforts to raise investor funds to deal with accounting and financial reporting issues involving two of its largest funds, the GPB Holdings II and the GPB Automotive Portfolio, which together reportedly raised almost $1.3B of investor money while paying brokers over $100M in commissions. Both funds missed an earlier deadline to file statements with the SEC.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/\"  title=\"Continue Reading FBI Is Investigating GPB Capital Holdings\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>InvestmentNews reports that the Federal Bureau of Investigation is investigating GPB Capital Holdings. The alternative investment management firm said that the FBI stopped by unannounced to its New York offices last week. The visit took place a few months after both the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (Finra) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3762,3738,3772],"tags":[3188],"class_list":["post-6855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-current-investigations","category-investor-fraud","category-private-placements","tag-gpb-capital-holdings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBI Investigating GPB Capital Holdings | SSEK Law Firm<\/title>\n<meta name=\"description\" content=\"Federal Bureau of Investigation is investigating GPB Capital Holdings due to selling private placements\u00a0that are risky, illiquid alternative 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\/fbi-is-investigating-gpb-capital-holdings\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FBI Investigating GPB Capital Holdings | SSEK Law Firm\" \/>\n<meta name=\"twitter:description\" content=\"Federal Bureau of Investigation is investigating GPB Capital Holdings due to selling private placements\u00a0that are risky, illiquid alternative investments.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/stock-sheets-overlay.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":"FBI Investigating GPB Capital Holdings | SSEK Law Firm","description":"Federal Bureau of Investigation is investigating GPB Capital Holdings due to selling private placements\u00a0that are risky, illiquid alternative 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\/fbi-is-investigating-gpb-capital-holdings\/","twitter_card":"summary_large_image","twitter_title":"FBI Investigating GPB Capital Holdings | SSEK Law Firm","twitter_description":"Federal Bureau of Investigation is investigating GPB Capital Holdings due to selling private placements\u00a0that are risky, illiquid alternative investments.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/stock-sheets-overlay.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\/fbi-is-investigating-gpb-capital-holdings\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"FBI Is Investigating GPB Capital Holdings","datePublished":"2019-03-05T17:56:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/"},"wordCount":595,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/stock-sheets-overlay.jpg","keywords":["GPB Capital Holdings"],"articleSection":["Broker Fraud","Current Investigations","Investor Fraud","Private Placements"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/","url":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/","name":"FBI Investigating GPB Capital Holdings | SSEK Law Firm","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/stock-sheets-overlay.jpg","datePublished":"2019-03-05T17:56:31+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Federal Bureau of Investigation is investigating GPB Capital Holdings due to selling private placements\u00a0that are risky, illiquid alternative investments.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/stock-sheets-overlay.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/stock-sheets-overlay.jpg","width":640,"height":428,"caption":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/fbi-is-investigating-gpb-capital-holdings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"FBI Is Investigating GPB Capital Holdings"}]},{"@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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