{"id":9904,"date":"2021-04-01T10:57:22","date_gmt":"2021-04-01T14:57:22","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9904"},"modified":"2021-04-01T13:53:12","modified_gmt":"2021-04-01T17:53:12","slug":"did-your-financial-advisor-recommend-gpb","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/did-your-financial-advisor-recommend-gpb\/","title":{"rendered":"Did Your Financial Advisor Recommend GPB?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9718 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/GPB-Capital-Holdings.jpg\" alt=\"No one enjoys losing money on investments. Still, investors can feel even worse if they lost money because they invested in funds that their financial advisor or brokerage firm didn\u2019t properly vet. Investors in GPB Capital Holdings may find that they are facing this exact situation. In parallel actions filed on February 4, 2021, the SEC and the United States Department of Justice charged GPB Capital Holdings, its officials, and other affiliated entities with making material misrepresentations, violating whistleblower laws, and defrauding over 17,000 investors in a $1.7 billion Ponzi-like scheme that lasted more than 4 years. Though the loss of money alone isn\u2019t an indication of bad financial advice, when it comes to investments in GPB, there may be other indications that advisors failed to uphold their fiduciary duties.\u00a0\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/GPB-Capital-Holdings.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/GPB-Capital-Holdings-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>No one enjoys losing money on investments. Still, investors can feel even worse if they lost money because they invested in funds that their financial advisor or brokerage firm didn\u2019t properly vet. Investors in GPB Capital Holdings may find that they are facing this exact situation. In <a href=\"https:\/\/www.justice.gov\/usao-edny\/pr\/gpb-capital-founder-and-ceo-among-three-individuals-indicted-private-equity-investment\" target=\"_blank\">parallel actions<\/a> filed on February 4, 2021, the SEC and the United States Department of Justice charged GPB Capital Holdings, its officials, and other affiliated entities with making material misrepresentations, violating whistleblower laws, and defrauding over 17,000 investors in a $1.7 billion Ponzi-like scheme that lasted more than 4 years.  <a href=\"https:\/\/www.silverlaw.com\/blog\/did-your-financial-advisor-recommend-gpb\/#more-9904\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No one enjoys losing money on investments. Still, investors can feel even worse if they lost money because they invested in funds that their financial advisor or brokerage firm didn\u2019t properly vet. Investors in GPB Capital Holdings may find that they are facing this exact situation. In parallel actions filed on February 4, 2021, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595,593],"tags":[],"class_list":["post-9904","post","type-post","status-publish","format-standard","hentry","category-investment-fraud","category-ponzi-schemes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Did Your Financial Advisor Recommend GPB Capital?<\/title>\n<meta name=\"description\" content=\"The SEC and the US Department of Justice charged GPB Capital Holdings with defrauding investors in a $1.7 billion Ponzi-like scheme.\" \/>\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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