GPB Capital Lawsuit Filed By Investment Fraud Attorneys To Recover Losses
The media outlets on June 21, 2019, reported that GPB Capital declared that the GPB Capital share prices plummeted by 73%. This news is distressing for several GPB Capital fund investors as it has been reported that 2 of the biggest GPB investment funds suffered a significant loss in their value.
In spite of several reports from various sources, the investment financial advisors and brokerage companies, who received more than $100 million in the form of commissions by promoting GPB Capital, continued to tell their clients that the funds are still at their original price value. They are also continued recommending people to ignore the news and keep holding on to their investments.
The lawyers of www.InvestmentFraudLawyers.com (Haselkorn & Thibaut, P.A.) have filled several GPB Capital lawsuits for investors and are investigating the actions of investments financial advisors and brokerage companies who kept on suggesting these funds to their customers as well as the issues associated with GPB Capital. There is a limited time for fund investors for recovering their money, so if they are interested in getting a free consultation for their case, then they should call 1-888-628-5590.
For several months, numerous GPB Capital fund investors ignored the negative news and continued sitting on the sidelines as they kept on receiving mail regarding their monthly account statements where the funds reflected the original price value of the investment. Nevertheless, investment financial advisors and brokerage companies were well aware that the said values were inaccurate, yet they ignored these facts and left their client to fend for themselves.
With a significant drop in the value of GPB Automotive Portfolio and GPB Holdings II which are the most significant investment funds of GPB, people are now left thinking regarding what they need to do for recovering their damages. There are other investments too that may be affected by this decline in the value and these investments are GPB NYC Development, GPB Cold Storage, GPB Waste Management Fund, and GPB Holdings I. many clients might get a shock when they will get their monthly statement next time as it might be indicative of this fall in prices.
It was claimed on June 21, 2019, that the values of 2018 year-end are indicating significant losses for fund investors, and remember GPB Capital has not yet exposed the current and accurate value of its funds for 2019. Bearing in mind the declaration and the continued bad reports in 2018 regarding GPB Capital, it is highly expected that there is no chance of improvement in the present values of the funds.
GPB Capital suspended redemption in 2018 to allegedly concentrate on financial as well as accounting reporting issues. Later, it was revealed that GPB auditors resigned and the explanation given for it was perplexing as it was due to supposed risks. Numerous media outlets also informed that authorities and regulators such as FINRA, SEC and FBI had begun their investigations on GPB Capital and an unexpected raid was conducted in its office in New York to collect evidence. Amongst all these disputes, a rumor became prevalent that claimed GPB Capital to be a Ponzi scheme.
Why and how do so many people own so much GPB? The reason behind this is the greed of the investment financial advisors who promoted GPB investment funds to gullible people for getting 8% commissions from these purchases. It is claimed that the brokerage firms, as well as investment financial advisors, earned more than $100 million by suggesting and selling these investments to their clients. As a result of their greed, GPB Capital gained approximately $1.8 billion via these investments.
With approximately 60 brokerage companies including popular names like Woodbury Financial, Advisor Group, FSC Securities, Dawson James, and Sagepoint Financial and numerous investment financial advisors promoting and selling GPB funds over the past several years, the end result could be a huge damage for investors countrywide.
Investors affected by GPB Capital should plan to get a private and free review of their case from experienced lawyers to get an idea of available options should call 1-888-628-5590 to review their case and recover losses.
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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