US EditionTrump commutes prison sentence for former private equity executive David Gentile
David Gentile was freed days into a seven-year sentence for defrauding over 10,000 investors in a $1.6 billion scheme, though his conviction remains intact.
- President Donald Trump has commuted the prison sentence of former investment manager David Gentile, who was convicted of defrauding investors.
- Gentile and his business partner, Jeffrey Schneider, were accused of misrepresenting the performance of private equity funds and misusing investor capital to make distributions.
- Trump has used his presidential clemency power to forgive an array of white-collar crimes, casting prosecutions of his supporters as corrupt witch hunts, according to the report.
28 Articles
28 Articles
Trump Frees Executive Who Defrauded Thousands
President Trump has commuted the sentence of David Gentile, setting the private equity executive free after serving less than two weeks of a seven-year prison term for his role in a $1.6 billion fraud scheme. Gentile was convicted in August 2024, alongside co-defendant Jeffry Schneider, on securities and wire...
Trump's Clemency for Convicted Investment Manager Sparks Controversy
Trump's Clemency for Convicted Investment Manager Sparks Controversy In a controversial move, US President Donald Trump has commuted the prison sentence of David Gentile, who was convicted of defrauding investors. Gentile, the former CEO and co-founder of GPB Capital, had just begun his seven-year sentence.Gentile's conviction stemmed from defrauding over 10,000 investors by misrepresenting the performance of private equity funds. Despite the co…
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