{"id":3069,"date":"2014-12-22T00:00:00","date_gmt":"2014-12-22T05:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/gl-capital-partners-chief-executive-officer-charged-with-securities-fraud\/"},"modified":"2014-12-22T00:00:00","modified_gmt":"2014-12-22T05:00:00","slug":"gl-capital-partners-chief-executive-officer-charged-with-securities-fraud","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/gl-capital-partners-chief-executive-officer-charged-with-securities-fraud\/","title":{"rendered":"GL Capital Partners Chief Executive Officer Charged with Securities Fraud"},"content":{"rendered":"<\/p>\n

Daniel Thibeault, chief executive of GL Capital Partners, a brokerage firm which specialized in alternative investments<\/a>, was arrested on securities fraud<\/a> charges after the FBI accused him of a fraudulent scheme to divert some $12.6 million from a fund he was overseeing.<\/p>\n

Mr. Thibeault allegedly took out fictitious loans to gain access to money in an alternative mutual fund, known as the Beyond Income Fund. Mr. Thibeault co-managed the fund, which invested in consumer debt. Alternative investments are frequently investments which are not directly tied to a stock or bond index.<\/p>\n

Over $35 million dollars of loans had been issued from the fund.\u00a0 Mr. Thibeault allegedly took over $12 million dollars through an intermediary. The money from the loans made through the intermediary, Taft Financial Services, did not go to individual borrowers, however, but to a GL-controlled bank account, according to the FBI.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Daniel Thibeault, chief executive of GL Capital Partners, a brokerage firm which specialized in alternative investments, was arrested on securities fraud charges after the FBI accused him of a fraudulent scheme to divert some $12.6 million from a fund he was overseeing. Mr. Thibeault allegedly took out fictitious loans to gain access to money in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[598,595],"tags":[],"class_list":["post-3069","post","type-post","status-publish","format-standard","hentry","category-alternate-investments","category-investment-fraud"],"yoast_head":"\nGL Capital Partners Chief Executive Officer Charged with Securities Fraud — Securities Arbitration Lawyers Blog — December 22, 2014<\/title>\n<meta name=\"description\" content=\"Daniel Thibeault, chief executive of GL Capital Partners, a brokerage firm which specialized in alternative investments, was arrested on securities fraud — December 22, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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