GPB Capital Investment Scam & How It Affected Investors

GPB Capital Investment is a company that was set up to manage investments in the stock market. They were promising huge returns and managed to attract many investors, but ended up being a scam. This article will discuss how this scam took place and affected investors on such a large scale.

What Is The GBP Capital Investment Scam?

The management team of GBP Capital Investment would take out funds from all of their clients’ accounts into one account, which they controlled at once. This way, they could make trades with much larger sums without splitting the money among different people’s accounts (which most other firms do).

These types of transactions are illegal because the money that is supposed to be for everyone’s use has been taken by those managing the investment firm to trade with it however they want, without telling any shareholders about how these decisions will affect them.

This company was so successful because they were giving their investors back way more than what they invested. It seemed like a win-win situation for all parties, but it turned out to be the biggest investment scam in history.

In November of 2017, the FBI investigated and found that GBP Capital Investment had been running this type of fraud since 2008 when the founder launched the firm. The money from these clients’ accounts amounted to $300 million, which was being used by those managing GPB Capital Investments illegally and some other companies related to them who are also guilty of this crime.

The authorities began shutting down any operation associated with GBP Financial Services Group Inc., including its subsidiaries, on December 15th, 2017.

What Did It Mean For Investors?

Investors who were trusting GPB Capital Investment with their money are now in a terrible position. They expected to have the funds returned into their accounts but found out that they would be unable to access them because of all the things being done by authorities and other companies related to GBP Financial Group Inc.

GBP Capital Investment firm is just one of the many firms that perform such scams in the US securities market. As an investor, make sure you invest your money carefully to avoid getting scammed. If needed, take the help of a skilled investment fraud attorney like Erez Law to sue the party at fault and recover your investments before it’s too late to do anything.

read more

What If You Get Arrested For Drunk Driving On Christmas?

Christmas week is the best 7-day period for people residing in the US and most other parts of the world. They try to forget what went wrong throughout the year and rejoice every day in the best possible way. Consuming alcohol is quite normal these days as most people spend their time partying around with friends and family. However, while drinking, they need to have proper plans in place to get back to their houses. 

Drunk driving isn’t a good idea at this time as you may want to party and enjoy, but the police out there on roads have only one thing to take care of — traffic violations. 

If you are caught driving under the influence of alcohol, then there are high chances that your Christmas break won’t go as you planned. 

Getting Arrested On Christmas:

Almost everyone around you consumes alcohol on Christmas, and the police are well aware of this fact. More drunk drivers mean higher chances of accidents on the road, so they leave no stone unturned to keep everything under control. Police officers are very strict on Christmas when it comes to drunk driving cases. 

So, make sure you drive carefully and, if possible, let someone else who’s sober take charge of the wheels. If that’s not possible, then look for lanes that have a lesser risk of getting caught by cops. 

While all of these things may sound normal now, on Christmas evening, when everyone is in party mode, nobody remembers traffic rules. The best you can do in such a situation is to be aware of a good traffic violation attorney in your area. It’s great if you never require any such services, but if you do, then you must know where to call or text. 

In case you don’t have a reference of an attorney who can help you with traffic rule violation, then visit the homepage of Sexner to put an end to all your doubts. This firm specializes in handling traffic violation cases and can help you if you get caught on Christmas for drunk driving. So, have a word with its customer service team as soon as possible to know more about the firm and its services.

read more