On December 18, 2018, it was reported that Massachusetts’ securities regulators are investigating GPB Capital Holdings, which has sold approximately $1.8 million of its private funds. GPB Capital sold its private funds through independent brokerage firms that have reportedly received 10% commissions for pushing these funds on investors.
GPB Capital Holding’s funds include:
- GPB Automotive Fund
- GPB Automotive Income
- GPB Holdings II and III
- GPB Waste Management
- GPB Cold Storage
- GPB NY Development
In August 2018, it was reported that GPB Automotive, GPB Holdings II, and GPB Holdings Qualified were restating financial reports for 2015 and 2016. Also, GPB is in a lawsuit with a former business partner over the failure to invest $42 million in auto dealerships.
If you have a realized or unrealized loss in any GPB fund, or you are not receiving income that was promised to you, please contact our firm for an evaluation of your investment.