Blog: Former GPB Capital CFO Macrina Kgil Named as a Defendant in Class Action Lawsuit Against GPB - 2019-09-03

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F0.png Former GPB Capital CFO Macrina Kgil Named as a Defendant in Class Action Lawsuit Against GPB September 3, 2019, Jeffrey Augustine, Scientology Money Project

Appearances can be deceiving: GPB Capital Holdings is headquartered in a disappointingly nondescript building at located at 535 W 24th St #4, New York, NY 10011. On its website, however, GPB Capital shows a glamorous aerial photo of the Manhattan skyline:

It was inevitable that GPB's fake PR and spin machine would come crashing down, given the tsunami caused by two FBI raids, investigations by the SEC, FINRA, and securities regulators in New York, New Jersey, and Massachusetts. GPB was then hammered by several lawsuits after it was forced to admit it had devalued its holdings from $1.8 billion to $1.1 billion. Two lawsuits against GPB involve former GPB executives David Rosenberg and Patrick Dibre, the latter of which has alleged in his complaint that GPB is a Ponzi scheme.

The class action lawsuit filed by the firm of Goldman, Scarlato & Penny on August 6, 2019 against GPB Capital is a substantial 57 page document. The complaint offers an unsparing series of detailed allegations concerning the firm owned by Scientologist David Gentile. Scroll down to read the PDF copy of the complaint.