Prime Automotive | The Portland Press Herald | Edward D. Murphy | June 30, 2020 "A Texas law firm said Tuesday that investors have lost $1.8 billion by putting their money into a company that owns dozens of auto dealerships around the country, including nine in Maine. The allegations...
Class action lawsuit | Fort Worth Star-Telegram | Mitch Mitchell | June 30, 2020 "Lawyers are cautioning victims of an investment scheme that allegedly bilked more than 2,000 people out of $1.8 billion to take action. Anyone who invested with GPB Capital poured money into a Ponzi scheme, said...
GPB | WealthManagement.com | Diana Britton | June 30, 2020 "A flurry of claims were filed this week against brokerages and advisors who invested client money in GPB Capital, a New York-based private placement shop currently under investigation by the FBI and securities regulators. One law firm, Peiffer...
Prime | Boston Globe | Jon Chesto | May 27, 2020 "Allegations mirror some of the concerns raised by ousted CEO in his lawsuit against investment firm The investment firm whose takeover of the Prime group of auto dealers has turned into a messy dispute with its previous chief...