Ponzi indictment raises questions of GPB Capital’s ties to downtown Clearwater. GPB says it has no involvement in land buys tied to Scientology.

ISNOINews

Independent Scientology and Nation of Islam news

ISNOINews

Independent Scientology and Nation of Islam news
Tampa Bay Times: Ponzi indictment raises questions of GPB Capital’s ties to downtown Clearwater

City Council member Mark Bunker asked publicly. GPB says it has no involvement in land buys tied to Scientology.


Ponzi indictment raises questions of GPB Capital’s ties to downtown Clearwater


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Despite the GPB Capital denial, the story notes:


Ponzi indictment raises questions of GPB Capital’s ties to downtown Clearwater .


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On Friday, Two Roads Development confirmed in a statement to the Times that GPB Capital remains a partner, along with “multiple investors” who have fully funded the project that is still in design. The statement said GPB is not involved in operations.

Two Roads released updated designs last summer for a 37-story luxury hotel and condo, a significantly smaller building from Riverwalk Place’s original concept.


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And unrelated to themaon topic of GPB Capital's possible ties to the Scientologist Clearwater purchases, but nonetheless relevant to the broader issue of the ties between GPB Capital and Scientology.:

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One regulatory complaint filed last year alluded to more of GPB’s overlap with Scientology. A Massachusetts Security Division’s administrative complaint from May alleged self dealing and fraud and cites an internal email where a GPB executive tells Gentile to classify “Hubbard College as compensation,” referring to a school in Los Angeles that uses the principles of Scientology founder L. Ron Hubbard.

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