Yieldstreet Investors’ $9M Deal Over Risky Offerings OK’d
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On July 31, 2018, a report published by Blue Orca Capital alleged that “GDS is borrowing crippling amounts of debt to enrich insiders by acquiring data centers from undisclosed related parties which are not nearly as valuable as the Company claims.
We believe that since becoming a public Company, GDS has borrowed recklessly to siphon off at least $696 Million to insiders by inflating the purchase price of undisclosed related party acquisitions.” Further, the report stated that Blue Orca had uncovered evidence of “unrelated data center operators selling a substantial amount of empty cabinet space in a building which is supposedly exclusively operated and 94% utilized by GDS.”
Then, the price of GDS Holdings shares plummeted. Peiffer Wolf Carr Kane & Conway’s investigation is focusing on whether GDS Holdings and/or its officers and directors violated state or federal securities laws.
Current or Former Shareholder of GDS Holdings?
If you are a GDS Holdings shareholder and have suffered losses, please Contact the Securities Attorney of Peiffer Wolf Carr & Kane for a FREE Consultation by filling out a Contact Form or by calling 585-310-5410.
FREE CONSULTATION | 585-310-5410
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action.Peiffer Wolf Carr Kane & Conway has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Contact Peiffer Wolf Carr Kane & Conway today by filling out a Contact Form on our website or by calling 585-310-5410 to schedule a FREE Case Evaluation.
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FREE Consultation | 585-310-5140
If you believe you were a victim of predatory lending, investment fraud, or broker misconduct, it is imperative to take action. Peiffer Wolf Carr Kane & Conway has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Contact Peiffer Wolf Carr Kane & Conway today by filling out a Contact Form on our website or by calling 585-310-5140 to schedule a FREE Case Evaluation.
