If you have ever lost money investing with Daniel Thibeaultor in Graduate Leverage LLC, GL Capital Partners, GL Investment Services or Taft Financial Services, you may be able to recover your losses through FINRA arbitration or securities litigation.
According to Investment News, Daniel Thibeaut was charged with allegedly misappropriating least $16 million from an investment fund according a recent lawsuit filed by the Securities and Exchange Commission (SEC). In a parallel case, Daniel Thibeault was charged with a single count of securities fraud.
According to the SEC’s complaint, GL Capital Partners, LLC and its principal, Daniel Thibeault, were the investment advisers to a fund called the GL Beyond Income Fund, and that they misappropriated at least $16 million of the money that belonged to this fund. The GL Beyond Income Fund's assets consisted primarily of individual variable rate consumer loans. Daniel Thibeault allegedly solicited investments in the GL Beyond Income Fund by representing that investors’ money would be pooled and used to make or purchase consumer loans. These consumer loans would then constitute assets of the GL Beyond Income Fund, and would provide a return to the investors when interest and principal payments were made on the loans. The SEC alleges that from at least 2013 to the present, Daniel Thibeault 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 Dan Thibeault had misappropriated millions of dollars from the GL Beyond Income Fund. The SEC alleges that Daniel Thibeault and other defendants misappropriated the money from these fake loans and used it for personal expenses and to run businesses other than the GL Beyond Income Fund.
If you have suffered investment losses investing with Daniel Thibeault, or in Graduate Leverage LLC, GL Capital Partners, GL Investment Services and or Taft Financial Services, please contact Kons Law Firm at (860) 920-5181 for a FREE, NO OBLIGATION consultation to discuss your legal rights.
Kons Law Firm represents investors nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit
www.investmentfraudattorneys.com
