National investment loss lawyers KlaymanToskes is investigating GPB Holdings, LP and brokerage firms that recommended GPB Capital investments to investors. If you invested in GPB Holdings, LP or other GPB Capital private placements and suffered financial losses, you may be entitled to recover your funds through FINRA arbitration.
If you invested in GPB Holdings, LP due to a recommendation by a brokerage firm/financial advisor, contact KlaymanToskes at (888) 997-9956 or investigations@klaymantoskes.com for a free and confidential consultation to discuss potential recovery options.
Since 2013, GPB Capital Holdings and its affiliated funds, including GPB Holdings, LP, GPB Waste Management, and GPB NYC Development, have raised over $1.8 billion from investors. Many financial advisors and broker-dealers marketed these private placements as safe, income-generating investments, downplaying the risks involved. However, recent criminal convictions and regulatory actions reveal that GPB Capital was operating a Ponzi-like scheme, using new investor money to pay old investors instead of generating legitimate profits.
In August 2024, a federal jury in Brooklyn convicted David Gentile, the founder and CEO of GPB Capital Holdings, and Jeffry Schneider, the head of Ascendant Capital, on fraud and conspiracy charges. Prosecutors demonstrated that GPB executives orchestrated a financial fraud scheme, misleading investors while misappropriating funds for personal gain.
Numerous brokerage firms and financial advisors sold GPB private placements to retail investors, despite red flags and regulatory concerns.
Brokerage firms may have failed investors in several ways:
In 2024, FINRA fined 15 broker-dealers a total of $3.7 million for their involvement in selling GPB Capital private placements without proper disclosures. Many of these brokerages ignored warning signs and continued to market GPB Holdings, LP as a low-risk investment.
Investors in GPB Holdings, LP were led to believe they were purchasing shares in a legitimate private equity investment, but court documents and regulatory filings suggest otherwise. According to multiple lawsuits and government investigations:
The SEC, FINRA, FBI, and multiple state regulators continue investigating GPB Capital’s fraudulent activities.
According to a Wall Street Journal report, convicted GPB Capital executives David Gentile and Jeffry Schneider are attempting to prioritize their own legal expenses over returning funds to victimized investors. Despite receiving $75 million for legal defense, they are now allegedly demanding additional funds from GPB’s remaining assets, further delaying potential investor recoveries.
To recover investment losses, you do not go through the traditional court system with a lawsuit. The only remedy is through a FINRA arbitration, a specific process designed for these types of disputes. This process involves presenting your case to a panel set by the Financial Industry Regulatory Authority (FINRA), not a courtroom. This approach is streamlined and focused on investment disputes, making it a suitable and effective way for investors to seek compensation for losses caused by financial advisors or brokerage firms.
FINRA (Financial Industry Regulatory Authority) provides investors with a legal avenue to recover losses from brokerage firms and financial advisors who acted improperly. Arbitration is faster and more efficient than traditional lawsuits, making it a preferred method for investment fraud recovery.
GPB Capital Holdings is a New York-based alternative asset management firm that focused on acquiring income-producing private companies across sectors such as automotive retail, waste management, and healthcare.
GPB Capital Holdings was founded in 2013 by David Gentile, however, in recent years, GPB Capital has been embroiled in legal and financial troubles
Yes, GPB Capital sold Health Prime International in February 2024. Aquiline Capital Partners acquired Health Prime from GPB Capital.
GPB Capital Holdings has been under court-appointed receivership since December 2023, following allegations of fraud and criminal charges against its executives.
GPB Capital Holdings was founded by David Gentile in 2013.
A receivership occurs when a court appoints an independent party—a receiver—to manage and liquidate the assets of a troubled firm. In GPB’s case, the receiver is selling company assets to repay investors, but investors may only recover a portion of their original investments.
Yes, investors are subject to statutes of limitations for filing claims related to GPB Holdings investments. These deadlines vary depending on factors such as the state in which the investment was made, the type of claim pursued, and when the investor first became aware—or reasonably should have become aware—of their investment losses or GPB’s alleged misconduct.
If you invested in GPB Holdings, LP or other GPB Capital private placements, contact securities attorney Steven D. Toskes at (888) 997-9956 or investigations@klaymantoskes.com for a free consultation to discuss potential recovery options.