As previously reported by Levin Law, P.A. (“Levin Law”), Michael S. Cohn had been indicted on federal charges for obstruction of justice, obtaining information from a government computer, and unauthorized disclosure of confidential information. The federal indictment came on the heels of multiple state and federal investigations launched against private equity firm, GPB Capital Holdings, LLC (“GPB Capital”).
At the time of the charges, Mr. Cohn was the managing director and chief compliance officer of GPB Capital. Prior to his employment with the firm, he worked for the U.S. Securities and Exchange Commission (“SEC”). Mr. Cohn faced charges for providing GPB senior management with insider information from the SEC as he tried to obtain employment with the firm. During this time, he also allegedly engaged in unauthorized access to confidential information. If convicted, he faced over 20 years in a federal penitentiary. By pleading guilty to the misdemeanor charge of stealing government property earlier this month, Cohn avoided a nonjury trial that could have resulted in substantial prison time if convicted on all counts.
Embattled equity firm GPB Capital continues to be the subject of multiple lawsuits and regulatory matters. With the plea, some speculate that Mr. Cohn may be willing to cooperate in state and federal investigations against GPB Capital.
If you or someone you know invested in a GPB Capital fund and lost money, contact Levin Law for a free consultation. Investors may be able to recover losses through FINRA (Financial Industry Regulatory Authority) arbitration. Contact Levin Law managing partner, Brian Levin directly at (305) 402-9050 or by emailing email@example.com. Most cases are accepted on a contingency fee basis, meaning that clients are not responsible for Levin Law’s attorney fees unless money is recovered on their behalf. Levin Law, P.A. has filed multiple cases against brokerage firms that recommended and sold shares in GPB Capital investments to their customers.
Levin Law is a premier national securities and class action law firm. Brian Levin, Levin Law’s managing attorney, has obtained settlements and recoveries in excess of $100,000,000 in assets through arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.