Framingham, Mass. Man Accused of Alleged $16M Scam

stockbroker fraud attorneyThe Peiffer Rosca Wolf investment recovery lawyers are currently looking into Daniel Thibeault, 40, and of Framingham, Massachusetts.

At present, Thibeault stands accused of allegedly misappropriating at least $16 million belonging to an investment fund, according to a lawsuit filed by the SEC currently under review by attorneys Alan Rosca and Joe Peiffer.

What is more, the SEC recently announced that Daniel Thibeault allegedly owned, controlled or is believed to be otherwise involved in Graduate Leverage, LLC, GL Capital Partners, LLC, GL Investment Services, LLC, all of Waltham, and Taft Financial Services, LLC, of Texas, according to SEC statements presently being reviewed by attorneys Alan Rosca and Joe Peiffer.

GL Capital Partners, LLC and Principal Thibeault Allegedly Misappropriated at Least $16 Million

GL Capital Partners, LLC and its principal, Thibeault, were investment advisers to the GL Beyond Income Fund, whose assets consisted primarily of individual variable rate consumer loans, and allegedly misappropriated at least $16 million that belonged to the fund, according to an SEC complaint currently under review by attorneys Alan Rosca and Joe Peiffer.

The SEC further alleges that since at least 2013, defendants “engaged in a scheme to create fictitious loans to divert investor money from the GL Beyond Income Fund, and to report these fake loans as assets of the GL Beyond Income Fund, thereby concealing the fact that Thibeault and the other defendants had misappropriated millions of dollars from the GL Beyond Income Fund.”

As of September 2014, GL Capital Partners, LLC had about $40 million in reported assets, about 2/5ths of which were the fictitious loans, according to the SEC complaint currently being perused by attorneys Alan Rosca and Joe Peiffer.

Investment Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct, and are currently investigating GL Capital Partners, LLC and its principal, Thibeault. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Any Investors who believe they lost money as a result of alleged investment misconduct, or the alleged misappropriation committed by GL Capital Partners, LLC and its principal, Thibeault, may contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1180 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.