Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Dispute over The Standard High Line hotel financing
Wells Fargo and Apollo Global Management sued Gaw Capital in November 2021 in an effort to foreclose on The Standard High Line after missed payments on a reported $170 million loan. Gaw Capital rejected the lenders' position and said Apollo had refused a settlement proposal. The supplied material does not provide a final court outcome.
2017
Client-account email fraud
In December 2017, a fraudster impersonated a client and sent instructions that resulted in HK$39 million being transferred from the client's bank account. Gaw Capital said it identified the incident after the genuine client contacted the firm, and that the recipient account was frozen while most of the transferred funds were recovered.