Ted Bunker

Some investors in funds that bought pre-IPO shares could begin to get cash back within months, but others might wait years.

Two men convicted of criminal conspiracy tied to GPB Capital Holdings asked for a new trial Friday, more than a month after a unanimous jury found both guilty in one of the largest-ever fraud cases involving a U.S. private-equity firm.

Jurors found David Gentile and Jeffry Schneider guilty of securities fraud involving $1.7 billion.

Jun 11, 2024 ... Gentile and Jeffry Schneider, who led marketing for the private-equity firm's funds, face fraud and conspiracy charges.

May 17, 2024 ... The sports, media and financial services investor collects fresh capital amid a flurry of high-profile deals.

Feb 27, 2024 ... The growth-oriented investor in smaller businesses said its new fund lets it retain four companies backed by earlier vehicles.

Dec 19, 2023 ... The firm outpaced U.S. peers in rounding up fresh capital in under a year while focusing on technology deals.

The move comes after the SEC in early 2021 brought fraud charges involving around $1.7 billion against the firm

AbbVie’s $8.7 billion purchase expected to deliver a return of over 10 times invested capital to the buyout firm

A Justice Department indictment alleges fraud and obstruction of justice at the defunct investment firm