Silver Law Group Represents Investors In Claims Against Brokerage Firms Which Sold GPB Capital Holdings texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
CEO of Prime dealerships’ parent company arrested on fraud charges
New York prosecutors allege GPB Capital Holdings CEO David Gentile and two others have been running a Ponzi-like scheme.
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Three executives of investment funds, including one that owns a handful of Maine car dealerships, have been arrested and charged with fraud by prosecutors in New York.
David Gentile, the founder, owner and chief executive of GPB Capital Holdings; Jeffry Schneider, the owner and CEO of Ascendant Capital; and Jeffrey Lash, a former managing partner of GPB, all were arrested Thursday. Gentile is from Manhasset, New York; Schneider is from Austin, Texas; and Lash, who left the investment fund in 2018, lives in Naples, Florida.
Memories of Madoff: New Ponzi scheme may have put $2.2 billion at risk
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By Patricia Hurtado
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New York money management firm GPB Capital Holdingsâ chief David Gentile was indicted for allegedly taking part in a Ponzi-like scheme that defrauded thousands of investors across the country and that regulators say may have put more than $US1.7 billion ($2.2 billion) at risk.
Gentile and two other executives are accused of using the funds to cover shortfalls and enrich themselves instead of securing returns for their customers. Some 17,000 investors were affected, about 4000 of them seniors, according to a related complaint by the US Securities and Exchange Commission.
GPB Ponzi Scheme courthousenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courthousenews.com Daily Mail and Mail on Sunday newspapers.