Small-business | Fox Business | July 18, 2020 "Last November, a federal judge ordered an asset freeze against a California company that the Federal Trade Commission accused of pretending to be working with the Education Department and promising student-loan debt relief that never materialized. Six months later,...
Ponzi scheme | Raw Story | Matthew Chapman | July 18, 2020 "On Saturday, The Wall Street Journal reported that one of the businesses that received stimulus through the embattled Paycheck Protection Program (PPP) was a private equity firm in New York accused of running a...
GPB Capital | WealthManagement.com | Patrick Donachie | July 9, 2020 "GPB Capital, a New York-based private placement shop currently under investigation by the FBI and securities regulators, received as much as $7 million in Paycheck Protection Program (PPP) loans for COVID-19 relief, according to data...
GPB Capital | Think Advisor | Jeff Berman | July 8, 2020 "Law firm Peiffer Wolf Carr Kane & Conway slammed GPB Capital on Wednesday after the Small Business Administration disclosed GPB and its affiliated companies received $3 million to $7 million in Paycheck Protection Program...
PPP Loans | Financial Advisor | Christopher Robbins | July 8, 2020 "A private investment firm accused of operating a Ponzi-like scheme is slated to receive up to $7 million in federal Paycheck Protection Program (PPP) funds, according to data from the U.S. Small Business Administration...
“Outrageous Abuse of System” for $1.8 Billion Scheme Under Investigation by SEC & Subject of MA Legal Action to Benefit From COVID-19 Relief NEW YORK CITY//July 8, 2020//The discovery that the controversial GPB Capital Ponzi scheme is getting up to $7 million in Paycheck Protection...