Automile motors llc8/18/2023 ![]() That promised stream of money enticed about 17,000 investors, including 4,000 seniors, from 11 states to sink their savings into GPB funds. ![]() In those materials, brokers from Ascendent and other firms touted an “8% target annual distribution, paid monthly, which has been fully covered with funds from operations since inception,” according to the lawsuit filed by the New York District Attorney's office. Gentile of Long Island, New York, Lash of Naples, Florida, and Schneider of Austin, Texas, pleaded not guilty to the charges.Īuto dealerships in GPB’s Automotive Holdings LLC appeared to be profitable according to marketing materials used to persuade investors. The new owners: Todd Copeland and Bryan Scarpellinni are partners in two dealerships that until recently were Prime Chevrolet and Prime Subaru in Hyannis. Investors were guaranteed 8% annual returns and were assured the money would come from the dealerships' profits. But according to prosecutors GPB used money from late investors to pay earlier investors - and to pocket some of the money themselves.ĭavid Gentile, GPB founder, owner and CEO, Jeffrey Lash, a managing partner of GPB from 2013 through early 2018, and Jeffrey Schneider, owner and CEO of Ascendant were indicted earlier this year on federal wire fraud, securities fraud and conspiracy charges. They’ve been accused of running a Ponzi scheme that’s estimated to involve up to $1.8 billion. ![]() In February 2021, the Securities and Exchange Commission filed an enforcement action against two GPB executives and the CEO of Ascendant, an investment firm that worked in conjunction with and for GPB to recruit small investors, according to court documents. David joined GPB and Ira, then 80, retired.ĭavid's discovery of irregularities in the financials - and his attempts to report them to GPB top executives - led to his firing. Federal prosecutors say the information he reported uncovered an alleged Ponzi scheme that bilked investors of almost $2 billion, according to court documents. In 2017, Rosenberg and his father, Ira Rosenberg, sold GPB a majority interest in Prime Motor Group, an automotive empire the pair had built that included 20 car dealerships around New England. David Rosenberg was looking at financials for GPB's Automotive Holdings when he spotted something fishy in the numbers. At the time he was CEO of the automotive division at GPB Capital Holdings, a New York alternative investment firm. ![]() Specialties: job scheduling, workload automation, data center, system performance, capacity management. SIC: 7371 - Computer Programming ServicesĬategories: Computer Software, Information Technology Services Members (25): Todd Delaughter / President 300 Tradecenter, Woburn, MA 01801 (Physical) David Benjamin / Regional Sales Manager Robert Ron / Treasurer, CFO 300 Tradecenter, Woburn, MA 01801 (Physical) Jordi Serras-Marques / Vice-President Jean Breul / VP Product Development. Our consulting and education services will.Īddresses: 300 Trade Center 128, Suite 5690, Woburn, MA 01801ģ00 Tradecenter Ste. Phone: (781) 569-5730, (781) 276-4600, (781) 933-3605, (781) 271-0947 (Fax)ĭescription: IT Operations Management Specialists At ORSYP we specialize in building innovative products that automate IT processes and optimize IT utilization. Industry: Computer Software, Computer Software Development Srvcs, Custom Computer Programing, Computer Sales, Computer & Software Stores
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