GPB Capital Holdings, LLC (GPB) Managing Director and Chief Compliance Officer, Michael S. Cohn, was indicted on federal charges of Obstruction of Justice, obtaining information from a government computer and unauthorized disclosure of confidential information.
According to a recently unsealed superseding indictment by the Department of Justice, between August 2018 and February 2019 “COHN, together with others, did knowingly, intentionally and corruptly obstruct and impeded, and attempt to obstruct and impede, an official proceeding, to wit: an investigation conducted by the United States Securities and Exchange Commission (“SEC”).”
Prior to his employment with GPB, Cohn worked as an examiner with the SEC. In a recent press release, the Department of Justice alleges that after leaving the department to join the GPB Capital, Cohn obtained proprietary information from databases without authorization. The data was accessed on government computers without permission and used for “purposes of commercial advantage and private financial gain” according to the indictment. The “highly sensitive material” obtained included “confidential information, privileged attorney-client work product and contacts with law enforcement and other regulatory agencies.”
Cohn faces up to twenty (20) years in prison if found guilty of obstruction of justice, five (5) years for accessing a government computer without authorization, and one (1) year for unauthorized disclosure of confidential information.
Levin Law has filed over a dozen cases against the brokerage firms who recommended and sold GPB to their customers and continues to investigate GPB Capital Holdings and the brokerage firms that recommended them. If you invested in a GPB Capital fund, you might be able to recover your losses through Financial Industry Regulatory Authority (FINRA) arbitration. Contact Levin Law today at (305) 402-9050 for a free case consultation. Our firm accepts cases on a contingency-fee basis, meaning are not compensated unless we recover money for you. Contact our offices today for a free case consultation.