Who is George Karas? | GPB Capital Lawsuit

George John Karapistolis (George Karas) is the Senior VP of Investment at Worldwide Wealth Group. He has been a registered broker with National Securities Corporation since 2018. George Karas has been the subject of 1 disclosure, according to FINRA’s BrokerCheck.

 

Peiffer Wolf is currently investigating claims against George Karas of National Securities Corporation and Worldwide Wealth Group for his recommendation of GPB Capital Holdings funds and potentially other alternative investments.

 

If you invested with George Karas of National Securities Corporation and Worldwide Wealth Group, you should contact Peiffer Wolf immediately by calling 585-310-5140  or filling out a contact form for a FREE Consultation.

Hugh Barndollar

George Karas of National Securities Corporation and Worldwide Wealth Group

 

According to FINRA’s BrokerCheck, George Karas has been the subject of 1 disclosure (Customer Dispute; Settled).

 

Since 2019, multiple lawsuits have been filed and regulatory matters have been initiated alleging that GPB Capital Holdings has been engaged in wrongdoing. Most notably, former GPB Holdings operating partner, Patrick Dibre alleged that “losses occasioned by GPB were in fact caused by a very complicated and manipulative Ponzi scheme.”  The claim further alleges that “GPB paid its investors significant returns based upon falsified financial information.” If you invested in any GPB Funds, contact Peiffer Wolf immediately.

 

Prior to National Securities Corporation, George Karas was registered with Axiom Capital Management, Rockwell Global Capital, J.P. Turner & Company, Financial Network Investment Corporation, and Westrock Advisors.

 

If you invested with George Karas of Worldwide Wealth Group and National Securities Corporation, contact Peiffer Wolf  immediately by calling 585-310-5140 or filling out a contact form for a FREE Consultation.

 

To review George Karas’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/4445637

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

George Karas and the GPB Lawsuit

Multiple lawsuits have been filed and multiple regulatory matters have been initiated, alleging that GPB Capital Holdings has been engaged in wrongdoing.  A former GPB Holdings partner alleged that “GPB paid its investors significant returns based upon falsified financial information”. Our investigation into the various GPB private placement funds includes, but is not limited to:

GPB Automotive Portfolio LP

GPB Cold Storage LP

GPB Eurobond Finance PLC

GPB Holdings II LP

GPB Holdings III LP

GPB Holdings Qualified LP

GPB Holdings LP

GPB NYC Development LP

GPB Scientific LLC

GPB Waste Management LP

GPB Waste Management Fund LP

Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

Based on our experience, we believe that there are more investors who have been the victims of George Karas’ alleged broker misconduct and unsuitable investment advice. If you invested with George Karas of Worldwide Wealth Group and National Securities Corporation, you should contact Peiffer Wolf immediately for a FREE Consultation.

 

 

Peiffer Wolf is currently investigating George Karas’ practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation585-310-5140.

Get a FREE case Evaluation.

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    Brokercheck®️ report: Hugh “Hobby” Barndollar

    BROKERCHECK
    Information about this broker was obtained from FINRA’s BrokerCheck on November 21, 2019. You should always review the BrokerCheck report directly for the most updated information. If you believe that information on this page is incorrect, please contact us.

    GPB Lawsuit | FREE Consultation | 888-390-6491

     

    Peiffer Wolf and Meyer Wilson are currently investigating claims for anyone who has invested in any GPB Capital fund. If you or someone you know invested in any GPB Capital fund, Contact Us Today by calling 888-390-6491 or by filling out an online Contact Form for a FREE Consultation.

    If you invested in any GPB Capital Fund, Contact us Today for a FREE Case Evaluation.