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Written by 9:29 am Blog, Current Investigations, Securities Fraud Articles

Claims for GPB Holdings II LP Shareholders 

GPB Holdings II: Further Delays in Financial Report Audits, featured by Top Securities Fraud Attorneys, The White Law Group

How to Recover Investment Losses involving GPB Holdings II LP

Have you suffered losses investing in GPB Holdings II LP sponsored by GPB Capital Holdings? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment. 

GPB Holdings II LP is a private placement fund sponsored by GPB Capital Holdings, LLC, a New York-based global asset management firm. According to filings with the SEC, GPB filed a form D to raise capital from investors in 2018. The total offering amount sold to 6,095 investors was purportedly $645,813,889. The sales fees and commissions paid to brokers was reportedly 8% of the total offering amount, according to the filing with the SEC. 

GPB & Execs Charged with Ponzi-like scheme 

In February 2021, the CEO of a GPB Capital Holdings, and two others were arrested in connection with a massive “Ponzi-like scheme” that allegedly defrauded 17,000 investors across the U.S. out of more than $1.7 billion, according to the U.S. Attorney’s Office for the Eastern District of New York.  

The Securities and Exchange Commission and seven state regulators reportedly filed similar charges on February 4. The SEC also reportedly charged GPB Capital with violating the whistleblower protection laws.  

The SEC alleges that the “Ponzi-like scheme” continued for more than four years because GPB was able to hide the funds’ financial condition from investors, neglecting to deliver audited financial statements and register two of its funds with the SEC.   

More information on the Firm’s investigation of GPB Capital: 

GPB Capital Execs Arrested for Allegations of “Ponzi-like Scheme”
Michael Cohn,Ex-GPB Capital Exec Pleads Guilty to Stealing SEC…
GPB Capital Holdings: Takes Millions in Loans from the Fed
Secretary Galvin Brings Charges against GPB Capital 

GPB Holdings II LP Lawsuits 

The White Law Group continues its investigation into the liability that brokerage firms may have for recommending GPB offerings such as GPB Holdings II LP to its clients. The firm has represented numerous investors in claims against their brokerage firms who have lost money investing in GPB Capital offerings. 

Broker dealers are required to perform adequate due diligence on all investment recommendations they make. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience. 

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through a FINRA arbitration claim. These claims are distinct from the class action filed directly against GPB Capital and could be pursued concurrently. 

To determine whether you may be able to recover investment losses incurred as a result of your purchase of GPB Holdings II LP, please contact The White Law Group at 1-888-637-5510 for a free consultation. 

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. For more information on the firm, visit www.WhiteSecuritiesLaw.com. 


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