The Scientology Money Project

Scientologist-Owned GPB Capital Update: GPB Exec & Former SEC Official Michael Cohn Arraigned Today for Obstruction of Justice

Breaking news from the Financial Times:

A former employee of the Securities and Exchange Commission was charged on Wednesday for allegedly leaking information about an investigation into a private equity group that he subsequently joined.

Michael Cohn, who was a securities compliance examiner in the SEC’s enforcement division, was accused by federal prosecutors in Manhattan of giving investigative information to senior management at GPB Capital Holdings.

This is blockbuster news. The end is near for GPB Capital now that obstruction of charges have been filed against GPB’s so-called “Compliance Officer.”

This news could portend the arrest of other GPB officials including Scientologist David Gentile, the CEO and owner of GPB Capital.

The US DOJ Press Release. Note: Please hover your cursor over the document to invoke the page up/page down controls at the bottom of the page frame.

Michael.Cohn.DOJ.Press.Release

 

The superseding indictment for Michael Cohn seeks criminal forfeiture of assets. Note: Please hover your cursor over the document to invoke the page up/page down controls at the bottom of the page frame.

cohn_superseding_indictment_0

2 replies »

  1. So much for the theory that a former SEC compliance expert would clean up GPB Capital. Instead, GPB Capital turned him into a felon.

    Hope whatever money he made from his tenure there is worth it. After all, GPB is likely to follow the Scientology playbook and leave him high and dry when it comes to mounting a defense.

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