“Former star athlete and longtime McDonald’s restaurant franchisee Herb Washington announced Friday he intends to sue McDonald’s Corp. for what representatives say is an “effort to drive Black franchisees from its system.” Washington’s attorneys on Friday announced a…
“The Securities and Exchange Commission’s recent move to install an outside monitor to oversee private-equity firm GPB Capital Holdings LLC has prompted some of the firm’s investors and their lawyers to ask what took so long. GPB Capital’s…
“Opening the Floodgates”: Major Surge in Lawsuits Expected From Thousands of GPB Capital Victims in Class Action Litigation and FINRA Arbitration Cases to Recover Lost Investments. NEW YORK CITY//February 9, 2021//The filing of criminal charges last Thursday (February…
“(CNN Business) — The US Securities and Exchange Commission charged investment adviser GPB Capital Holdings and three executives on Thursday with defrauding over 17,000 retail investors in a Ponzi-like scheme that raised over $1.7 billion. The lawsuit alleges…
“GPB Capital Holdings 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 $1.7 billion at risk. Gentile…
“The founder of a New York money manager and two associates were criminally charged on Thursday with running a $1.8 billion Ponzi-like fraud where thousands of victims were falsely promised steady returns on their investments. David Gentile, the…