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GPB Capital has raised $1.8 billion from accredited investors through In September, Massachusetts Secretary of the Commonwealth William Galvin announced a sweeping investigation into 63 broker-dealer companies selling private pensions from GPB. Already the focus of inquiries by the SEC and Finra, GPB Capital practices, a company spokesperson said in a statement. The FBI entered the company’s Manhattan offices on Thursday, along with officials in the New York City Business Integrity Commission.

As recently reported, there are several GPB capital fraud lawsuits by investors who are concerned with 100% loss.

GPB was taking a break from raising new money to concentrate on straightening out the bookkeeping and financial statements of both large funds. Soon after, it said it was restating 2015 and 2016 financial statements of certain funds as part of an accounting review. And in November, the firm’s auditor, Crowe LLP, resigned.

Holdings said on Monday that the FBI made an unannounced trip last week to the investment firm’s office in New York.

GPB Capital Lawsuits and Investigations

Reported that the Financial Industry Regulatory Authority Inc. and the Securities and Exchange Commission launched investigations into GPB, citing industry sources.

GPB Capital Holdings Fraud Lawsuits

The company has been working on enhancing its oversight and auditing As we move forward our portfolio companies are secure and well-positioned for the future.”

Registered repetitions from dozens of independent broker-dealers offered the high risk, high-commission private placements. “We will continue to collaborate with queries and are confident that Private placement funds, which invest in automobile dealerships and the waste management sector.

In August, the company said The attention of the SEC’s inquiry was that the accuracy of disclosures made GPB has spent much of the past year dealing with a variety of problems.

The commission regulates the public wholesale markets, as well as the private carting and shipboard gambling businesses. Authorities and the trip on February 28, 2019 in the FBI and the New York City Business Integrity Commission, while unscheduled, was a part of the process,” according to an email from a GPB spokesman.

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