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Lost Money Investing in L3 Capital Income Fund ???
Did you or your financial advisor invest your money in L3 Capital Income Fund? Our law firm is investigating L3 Capital Income Fund, L3 Capital Advisors, Richard Cardinale and financial advisors and brokers who invested their clients’ money in L3 Capital Income Fund....read more
Update – GPB Capital Holdings may now be the subject of an FBI investigation, as reported by Investment News on March 4th, 2019. The article discussing this development can be found here.
In a recent development, the Massachusetts Securities Division is investigating brokers’ sales of private placement investments sponsored by GPB Capital Holdings. More information regarding the State investigation can be found here: https://thediwire.com/massachusetts-regulator-sweeps-63-broker-dealers-selling-gpb-private-placements/
This investigation is the latest in a string of troubling news surrounding GPB Capital Holdings, LLC – founded by David Gentile, CEO. Earlier, it was reported that two GPB Capital Holdings private placements have missed filing deadlines with the SEC. Additionally, GPB Capital Holdings recently announced that it would temporarily stop raising new money, as well as suspend redemptions. Further, GPB Capital Holdings is also embroiled in a lawsuit with former car dealership business partner Patrick DiBre. GPB Capital has accused DiBre of a number of causes of action in a private lawsuit- maintaining that DiBre tried to prevent GPB Capital from making distributions to investors.
According to its website, GPB Capital Holdings, LLC is a New York-based alternative asset management firm, that acquires income-producing private companies. The GPB Capital Holdings website can be found here: https://gpb-cap.com/
GPB Capital Holdings owns and/or manages a wide array of businesses, that focus on car dealerships, technology-enabled services, debt strategies, and waste management. In particular, GPB Capital Holdings owns a stake in a large number of car dealerships, including (but not limited to):
New England Platform (Prime Motor Group) – Audi Westwood, Hyannis Toyota, Land Rover Cape Cod, Land Rover Hanover, Mercedes-Benz of Hanover, Mercedes-Benz of Manchester, Mercedes-Benz of Westwood, Orleans Toyota, Prime Acura Westwood, Prime Buick GMC, Prime Ford – Auburn, Prime Ford – Saco, Prime Honda – Boston, Prime Hyundai, Prime Motor Cars – Mercedes-Benz, Prime Toyota – Boston, Prime Toyota – Route 2, Prime Toyota – Saco, Prime Service Center of Hyannis, Prime Subaru, Prime Subaru Vermont, Prime Volkswagen, Prime Volvo Cars South Shore, Smart Center of Scarborough.
Pittsburg Platform (Kenny Ross Auto Group) – Kenny Ross Chevrolet Buick GMC of North Huntington, Kenny Ross Chevrolet Cadillac of Somerset, Kenny Ross Chevrolet North of Zelienople, Kenny Ross Ford of Adamsburg, Kenny Ross Ford South of Pittsburg, Kenny Ross Mazda of North Huntington, Kenny Ross Nissan of Zelienople, Kenny Ross Subaru of North Huntington.
Texas Platform (Ron Carter Group) – Ron Carter Chevy Buick GMC, Ron Carter Chrysler Dodge Jeep RAM, Ron Carter Ford.
New York City Tri–State Area Platform – Bill Kolb, Jr. Subaru, Bob’s Buick GMC of Milford, Car Factory Direct, Lash Audi VW of Oneonta, Lash VW of White Plain, Nissan of Garden City, North Plainfield Nissan, Rockville Centre GMC, Staten Island Buick GMC, Tower Ford of Great Neck, White Plains Buick GMC, World Chrysler Dodge Jeep RAM, World Subaru.
Upstate New York Platform – F.X. Caprara Chevrolet Buick of Pulaski, F.X. Caprara Chrysler Dodge Jeep RAM of Alexandria Bay, F.X. Caprara Chrysler Dodge Jeep RAM of Watertown, F.X. Caprara Ford of Watertown, F.X. Caprara Kia of Watertown, F.X. Caprara Used Car Center, F.X. Caprara Volkswagen of Watertown.
In a recent article, our firm provided detailed information on the unique pitfalls of investing in private placements. This post can be found here: https://www.finraarbitrationattorney.com/should-purchase-private-placement-investment/ If you purchased an unsuitable private placement investment from a broker-dealer or registered investment adviser and lost money, you may be able to recover your losses through a process called FINRA Arbitration. You can find more information about FINRA Arbitration here: https://www.finraarbitrationattorney.com/finra-arbitration-lawyer/
If you or a loved one has lost money investing (through a broker-dealer, or registered investment adviser) in alternative investments or private placements sponsored by GPB Capital Holdings LLC, GPB Automotive Portfolio LP, or Grand Central Automotive, call the experienced FINRA Arbitration attorneys at Epperson & Greenidge, P.A. for a free consultation (877) 445-9261, or contact us on-line.