Scott Silver Talks To Investment News About GPB Capital’s Trash Hauling

After multiple investigations by the SEC, FBI, FINRA, and the State of Massachusetts, GPB Capital may now be the subject of an investigation into one of their private New York commercial trash removal companies, according to an article from Pro Publica. Five Star Carting falls under the administration of New York City’s Business Integrity Commission (BIC), and they recently paid the company a visit. Pro Publica calls it a “raid,” but the reason for the visit was not disclosed. Five Star has been the recipient of numerous safety and labor troubles, including a $400,000 wage-related class action lawsuit. Maintenance records show unsafe trucks with steering and brake problems, creating dangerous conditions for the workers. While the Pro Publica articles focus on the commercial trash hauling industry in the New York City area as a whole, Five Star is featured because of its problems, and ownership by GPB Capital. Another issue raised in the article is the…

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