
Articles
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2 weeks ago |
wsj.com | Ted Bunker
A judge has authorized a court-appointed receiver to begin sending money back to investors who have been kept from their capital since late 2018April 9, 2025 5:25 pm ET|WSJ ProThousands of investors in GPB Capital Holdings funds may soon start to get some of their money back after a federal judge authorized the firm’s court-appointed receiver to begin an initial $400 million distribution.
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1 month ago |
wsj.com | Ted Bunker
Two central figures convicted in the $1.8 billion GPB Capital Holdings fraud case want their legal expenses to be given priority over returning money to fund investors, even though about $75 million has already gone to their defense, firm receiver Joseph Gardemal said in a court filing about their requests.
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2 months ago |
wsj.com | Ted Bunker
Two men awaiting sentencing on criminal fraud and conspiracy charges tied to roughly $1.8 billion invested with GPB Capital Holdings have objected to an initial plan to distribute hundreds of millions of dollars from the firm’s funds to investors, asserting that it unfairly leaves them out.
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Dec 6, 2024 |
wsj.com | Ted Bunker
Using Voldemort and terms like “our Idaho friend” for Anthony were part of a scheme that resulted in the formation of VitalCaring and led to Will’s decision Monday to impose penalties on the company, Vistria Group and Nautic Partners, including handing 43% of future earnings and exit gains to Encompass.
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Dec 6, 2024 |
wsj.com | Ted Bunker
At Nautic Partners, healthcare executive April Anthony became known as “Voldemort” as the private-equity firm worked with her to set up a competitor to her then-employer Encompass Health. Giving Anthony a code name helped conceal her involvement in creating what became VitalCaring, an in-home care provider in Dallas that she now leads, according to Delaware Chancery Court Vice Chancellor Lori Will.
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