GPB | Tamba Bay Times | Tracey McManus | March 11, 2020 GPB: Ponzi scheme and connections to a Russian crime figure allegations CLEARWATER — The office in downtown’s One Clearwater Tower is nondescript, with a single door on the eighth floor, two stories above the temporary City Hall. But...
Volkswagen | Investment News | Bruce Kelly | February 19, 2020 Volkswagen filed an amended complaint against GPB Capital GPB Capital Holdings, which raised $1.5 billion from investors through the sale of high-commission, high-risk private placements, is involved in yet another legal dispute, this time with automobile giant Volkswagen...
GPB | Investment News | Bruce Kelly | February 10, 2020 "In yet another troubling development for investors in GPB Capital Holdings’ private placements, the company told investors last month that it won’t be able to provide important tax documents, at least by April 15, to at least...
Prime Automotive | Portland Press Herald | J. Craig Anderson | January 8, 2020 A new chapter in GPB Capital's Prime Automotive Group complicated story has just started. In August 2019, its CEO, David Rosenberg, accused the parent company of running a Ponzi scheme. He was quickly replaced by...
Prime Automotive | Boston Business Journal | Gintautas Dumcius | Jan 7, 2020 Prime Automotive's first problems surfaced when, back in August, its then-CEO, David Rosenberg, accused the parent company, GPB Capital, of running a Ponzi Scheme. In September, he was fired and Kevin Westfall was...
Advisers | Investment News | Mark Schoeff Jr. | Dec 26, 2019 FINRA's BrokerCheck and the SEC database are no longer the only sources of information for investors who want to know more about their (potential) financial advisers and/or financial advisory firms. Investment News' Mark Schoeff...
GPB and automakers | Portland Press Herald | J. Craig Anderson | December 14, 2019 GPB Capital's problems have been adding up since 2017. The latest issue concerns the firing of Prime Automotive Group CEO, David Rosenberg, in September. The move caught the attention of multiple automakers: Toyota...
Investments | Kiplinger | Eleanor Laise | December 13, 2019 Joe Peiffer, Managing Partner of Peiffer Wolf, spoke with Eleanor Laise from Kiplinger for a story in Kiplinger's Retirement report. Since retirees are too often the victims of bad brokers, Laise put together a document to help them...