The Wall Street Journal

Businessman Using Goldman Name Secures Lucrative Bankruptcy Assignments

Arian Eghbali, who founded a company called Goldman Sachs Capital LLC that is unaffiliated with the investment bank, has popped up in bankruptcy cases as a trustee and creditor representative

Arian Eghbali won an assignment as the liquidating trustee of Plenty Unlimited.
Arian Eghbali won an assignment as the liquidating trustee of Plenty Unlimited. Photo: David Paul Morris/Bloomberg News

A Southern California businessman has emerged in a series of bankruptcy cases as a trustee and representative of creditors while operating a side business named Goldman Sachs Capital LLC that has no connection to the famed Wall Street bank.

Arian Eghbali, 40 years old, has been involved in dozens of recent chapter 11 cases, including Forever 21, Hooters and Virgin Orbit, representing trade creditors through his firm Olympus Guardians. Eghbali has also won an assignment as the liquidating trustee of Plenty Unlimited, a vertical farming startup that was backed by Jeff Bezos and SoftBank before it filed for bankruptcy this year, and serves as the trustee for unsecured creditors in Zips Car Wash, one of the nation’s largest privately owned carwash chains.

WSJ Logo