{"id":8454,"date":"2019-07-29T09:51:06","date_gmt":"2019-07-29T13:51:06","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=8454"},"modified":"2019-07-29T09:51:16","modified_gmt":"2019-07-29T13:51:16","slug":"gpb-capital-sued-by-business-partner-accused-of-serious-financial-misconduct","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/gpb-capital-sued-by-business-partner-accused-of-serious-financial-misconduct\/","title":{"rendered":"GPB Capital Sued By Business Partner, Accused Of \u201cSerious Financial Misconduct\u201d"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-8456 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/07\/Justice2-300x200.jpg\" alt=\"GPB Capital Holdings is being sued by one of its business partners, David Rosenberg, for allegations of financial misconduct. According to the lawsuit, Rosenberg is the chief executive of Prime Automotive Group. In 2017, he sold a majority stake in the company to GPB for $235 million. Rosenberg\u2019s lawsuit accuses GPB of running like a Ponzi scheme by using investor\u2019s money to pay other investors. He also alleges that GPB tried to force him out after he complained about their behavior to the SEC.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/07\/Justice2.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/07\/Justice2-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>GPB Capital Holdings is <a href=\"https:\/\/www.investmentnews.com\/article\/20190726\/FREE\/190729946\/gpb-capital-accused-of-financial-misconduct-by-business-partner?NLID=daily&amp;NL_issueDate=20190726&amp;utm_source=Daily-20190726&amp;utm_medium=email&amp;utm_campaign=investmentnews&amp;utm_visit=690069&amp;itx%5Bemail%5D=&amp;itx%5bemail%5d=\" target=\"_blank\">being sued<\/a> by one of its business partners, David Rosenberg, for allegations of financial misconduct. According to the lawsuit, Rosenberg is the chief executive of Prime Automotive Group. In 2017, he sold a majority stake in the company to GPB for $235 million. Rosenberg\u2019s lawsuit accuses GPB of running like a Ponzi scheme by using investor\u2019s money to pay other investors. He also alleges that GPB tried to force him out after he complained about their behavior to the SEC. <a href=\"https:\/\/www.silverlaw.com\/blog\/gpb-capital-sued-by-business-partner-accused-of-serious-financial-misconduct\/#more-8454\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GPB Capital Holdings is being sued by one of its business partners, David Rosenberg, for allegations of financial misconduct. According to the lawsuit, Rosenberg is the chief executive of Prime Automotive Group. In 2017, he sold a majority stake in the company to GPB for $235 million. Rosenberg\u2019s lawsuit accuses GPB of running like a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[593,699,580],"tags":[],"class_list":["post-8454","post","type-post","status-publish","format-standard","hentry","category-ponzi-schemes","category-private-placement","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GPB Capital Sued By Business Partner, Accused Of \u201cSerious Financial Misconduct\u201d<\/title>\n<meta name=\"description\" content=\"GPB Capital Holdings is being sued by one of its business partners, the chief executive of Prime Automotive Group, for allegations of financial misconduct.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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misconduct.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2019\/07\/Justice2-300x200.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/gpb-capital-sued-by-business-partner-accused-of-serious-financial-misconduct\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/gpb-capital-sued-by-business-partner-accused-of-serious-financial-misconduct\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"GPB Capital Sued By Business Partner, Accused Of \u201cSerious Financial 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