GBP Capital has been in the news for all the wrong reasons for the last few years. There was a time when investors would blindly trust any new scheme or project launched by GBP Capital, but things have changed lately. It’s because of the fraudulent activities that the firm has allegedly carried out more than once.

In this post, you’ll find different controversies associated with GBP Capital and why market experts are calling it a Ponzi scheme.

GBP Capital And Controversies:

A couple of years back, the auditor working for GBP Capital and its partner firm Crowe LLP resigned. The reason given for this resignation was the “perceived risk of Crowe falling outside of the internal risk tolerance capacity.” Even though the matter was published by all the leading newspapers, GBP Capital never told investors the perceived risks its auditor talked about before leaving the company.

The brokers who were selling GBP Capital’s schemes to investors have allegedly made more than $165 million in commissions. The total value of the investment was calculated upwards of $1 billion, and most of the investors who bought GBP Capital’s investment schemes based on their brokers’ recommendations had no idea that they were indirectly tricked into doing it.

Brokers received a commission rate of 8% on GBP Capital securities, way more than what they would make by selling any other financial product at that time. Other than this, the firm was also involved in a lawsuit with its former partner Patrick Dibre. The matter was published in all the leading newspapers, and over time made investors lose their faith in the firm.

At present, when most regulatory bodies in the US are after GBP Capital and its promoters, it wouldn’t be wrong to call it a Ponzi scheme. If you or any of your loved ones have their money stuck with this firm, be quick to consult with a financial fraud law firm like Erez Law to recover your funds as soon as possible. 

Many others have already done that and got their money back. Now it’s your turn to hold the culprit responsible and make it pay for its mistakes. Call Erez Law now to learn more about how you can do it.

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