US EditionTrump commutes prison sentence for former private equity executive David Gentile
David Gentile, convicted of defrauding over 10,000 investors in a $1.6 billion scheme, was freed days into a seven-year sentence by President Trump's commutation.
- On Nov. 26, President Donald Trump commuted David Gentile's prison sentence, freeing him days into a seven-year term though the conviction remains, after he reported to federal custody on Nov. 14.
- Gentile, the former GPB Capital CEO, had led funds that raised $1.6 billion, and prosecutors say he and Jeffry Schneider ran a yearslong scheme defrauding more than 10,000 investors.
- Prosecutors say losses included $98 million, with more than 1,000 affidavits submitted and forfeiture requests over $15.5 million from Gentile, $12 million from Schneider, while a court-appointed receiver controls over $700 million.
- The commutation leaves civil actions unresolved and spares David Gentile further prison time but keeps his conviction intact; Jeffry Schneider lacks clemency, while Alice Marie Johnson said she was `deeply grateful`.
- The White House defended the move, saying GPB Capital disclosures in 2015 undercut the Justice Department's Ponzi scheme claim, and observers note the commutation fits President Donald Trump's broader clemency pattern raising fairness concerns among experts and lawmakers.
47 Articles
47 Articles
Ex-GOP member slams Trump for 'screwing the little guy' with pardon pledge
A decision to pardon and release convicted fraudster David Gentile has been criticized by ex-GOP party members. Donald Trump confirmed Gentile, the founder and former CEO of GBP Capital, had been released from prison on November 14. His freedom came just days into a seven-year prison sentence for Gentile's role in defrauding thousands of individual investors. Trump confirmed the clemency for Gentile earlier this week. The Federal Bureau of Priso…
The Epoch Times
The Political InsiderTrump Grants Clemency to Private Equity Executive Convicted of Fraud
President Donald Trump granted clemency to private equity executive David Gentile just days into his sentence, a White House official confirmed to the Epoch Times on Nov. 30. “President Trump issued a commutation for David Gentile,” the White House official wrote in a statement on Sunday. Gentile, the former CEO and cofounder of GPB Capital Holdings, reported to prison on Nov. 14 after he was convicted on Aug. 1, 2025 of all charges relating to …
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