GPB Capital Lawsuit Filed Against Madison Avenue Securities
The investment fraud lawyers with Haselkorn & Thibaut, P.A. have filed a customer dispute claim through the Financial Industry Regulatory Authority (“FINRA”) Office of Dispute Resolution. The private arbitration proceeding was filed against Madison Avenue Securities, LLC. (“Madison Avenue”) and its financial advisor Jeffrey Dixson (“Dixson”) on behalf of an investor who has sustained significant investment losses as a result of relying on his financial advisor’s recommendation to invest in GPB Capital (“GPB Capital”).
It is believed that the GPB Capital funds should not have been approved for sale by Madison Avenue, and that the transactions were not properly recommended or supervised by Madison Avenue. Private placement securities such as GPB Capital are generally considered illiquid, and are often risky alternative investments. GPB Capital paid large commissions to financial advisors, and in some cases that appears to be a significant factor motivating the recommendations.
GPB Capital Holdings has worried investors because of the on-going investigations from various state and federal regulators and investigators. The raid by the FBI offices and allegations of questionable accounting and sales practices as well as inaccurate disclosures to investors has caused many investors to file claims and lawsuits.
The investigations started over a year ago, in April 2018, when GPB Capital first missed important financial disclosure filing deadlines with the SEC.
Since that time, there has been an avalanche of bad news for investors in GPB Capital. In June, GPB Capital confirmed the worst, informing GPB investors had lost between 25% and 73% of their investments. This news was shocking to many investors.
One of the primary allegations by investors is that they were misled into investing in GPB Capital and were unaware of the risks associated with private placements. Private placement investments are illiquid alternative investments that are only suitable for accredited investors and even then not always for every investor.
If you are a GPB investor, call the investment fraud lawyers at Haselkorn & Thibaut, P.A. or visit them at www.InvestmentFraudLawyers.com, or call today at 1-888-628-5590 to schedule a free, confidential evaluation of your situation and to learn your options.
H&T is a leading national securities law firm, www.InvestmentFraudLawyers.com, which practices almost exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors in large and complex securities matters. The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, pension funds, and trusts. H&T’s main office is located in prestigious Palm Beach, Florida and cases are handled nationwide.
The sole purpose of this release is to investigate the manner in which GPB Capital was approved for sale for investor customers at Madison Avenue. Former employees or current or former customers of Madison Avenue with knowledge relating to approval of and/or supervision of GPB Capital investments sold by Madison Avenue or to locate those individuals who have information relating to the manner in with the firm handled GPB investment recommendations and supervised such transactions at Madison Avenue. If you have any knowledge or experience with these matters you are encouraged to contact H&T at 1-888-628-5590, or visit the law firm’s website at www.InvestmentFraudLawyers.com.
Hassan Chowdhury, An Innovative and Ambitious Young Entrepreneur
Hassan Chowdhury is already building a name for himself in the luxury hospitality and real estate industries despite being only 26 years old. He has accomplished remarkable success in a relatively short time, and as a result, he has firmly established himself as one of the most successful businesspeople in the United States.
Hassan was born in Houston, Texas, and raised there by parents who are both extremely successful businesspeople in their own right. Hassan was motivated to pursue his business dreams by watching his parents run multiple manufacturing plants for make up and make up brands for the past 45 years. This example of success was the driving force behind Hassan’s decision to pursue his entrepreneurial goals. His parents taught him at an early age the values of the necessity of hard work, devotion, and ambition. They took him on travels all around the world as he became older to show him the significance of different cultures and experiences in other parts of the world. Hassan was on one of these travels when he first realized he had a deep interest in hospitality and high-end lifestyles.
He founded his own hospitality company in New York after college. He collaborates with some of the city’s most well-known nightclubs to host events, including Lavo Nightclub and Fleur Room Rooftop. However, the chaos caused by the COVID-19 pandemic in the hospitality business was a direct result of this epidemic. Hassan did not throw up the towel but viewed this as an opportunity to extend his business into the luxury real estate industry. Shortly after establishing Bouge Villas, a prestigious real estate firm with headquarters in Miami, Florida, he began purchasing real estate in the area. He gave each home its one-of-a-kind design and then put them up for rent on a short-term basis.
As the constraints on COVID-19 were loosened, he saw his business go from strength to strength. After that, he broadened his real estate holdings to include homes in other cities, such as the Hamptons in New York, Fort Lauderdale Beach in Florida, Tulum in Mexico, and Cartagena in Colombia. Soon, he will also expand to Nashville, Tennessee, and Dubai, United Arab Emirates. However, Hassan didn’t stop there and continued. In addition, he established his very own Private Members Club, the MetaFly Club, in collaboration with M2Jets to provide customers with access to luxury private flying and additional hospitality advantages. In the middle of 2023, it will be the first Private Jet Company to provide membership denominated in NFT.
The long hours of labor, unwavering commitment, and lofty goals that Hassan put in allowed him to achieve his goals. He has also demonstrated that it is possible to make the most of even the most challenging circumstances so long as one has the appropriate mentality and attitude. His objective is to achieve worldwide renown for providing the highest level of hospitality that is humanly possible to his customers. Hassan is optimistic about the future. He has big ambitions to continue growing Bouge Villas and MetaFly Club while preserving his status as one of the most successful business owners in the United States. Follow @hassanc.official on Instagram to keep up with Hassan’s progress. His story of hard work and determination is sure to serve as inspiration to many aspiring young businesses.
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