SEC, Feds charge senior GPB executives with fraud
GPB raised $1.8 billion from investors starting in 2013 through sales of private partnerships, but it has not paid investors steady returns, called distributions, since 2018.
The Securities and Exchange Commission on Thursday charged senior executives at GPB Capital with fraud and running a Ponzi-like scheme that raised over $1.8 billion from 17,000.
GPB raised $1.8 billion from investors starting in 2013 through sales of private partnerships, but it has not pai
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