Thursday, February 4, 2021

N.Y. money manager with dealerhip investments charged in $1.8B Ponzi-like fraud

David Gentile, CEO of GPB Capital Holdings, was accused of using new money to repay earlier investors, and together with his co-defendants siphoning millions of dollars to pay themselves and fund luxury expenses. GPB is the majority owner of Prime Automotive Group of Westwood, Mass.



from Section Page News - Automotive News https://ift.tt/3jiJ320

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