Framingham, Mass. Man Accused of Alleged $16M Scam
The Peiffer Wolf Carr & Kane 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 Jason Kane 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 Jason Kane 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 Jason Kane 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 Jason Kane and Joe Peiffer.
Investment Recovery Lawyers Investigating
The Peiffer Wolf Carr & Kane 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 Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.