President Trump commutes sentence of LIer convicted in fraud scheme
David Gentile, the ex-CEO of GPB Capital Holdings, was convicted of a billion-dollar fraud scheme in August 2024.
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A former private equity executive from Long Island has had his sentence commuted by President Donald Trump.
David Gentile, the ex-CEO of GPB Capital Holdings, was convicted of a billion-dollar fraud scheme in August 2024.
The Manhasset man served just one week of his seven-year federal prison sentence.
The year-long scheme plot defrauded more than 10,000 investors out of $1.6 billion.
Prosecutors said it was similar to that of a Ponzi scheme.
