SEC, Feds charge senior GPB executives with fraud GPB raised $1.8 billion from investors starting in 2013 through sales of private partnerships, but it has not paid investors steady returns, called distributions, since 2018. February 4, 2021 4 MINS The Securities and Exchange Commission on Thursday charged senior executives at GPB Capital with fraud and running a Ponzi-like scheme that raised over $1.8 billion from 17,000. GPB raised $1.8 billion from investors starting in 2013 through sales of private partnerships, but it has not paid investors steady returns, called distributions, since 2018. More than 60 broker-dealers partnered with GPB to sell the private placements and charged customers charged clients commissions of up to 8%.