Trump Commutes Sentence of GPB Capital Founder David Gentile (1)

President Donald Trump has freed GPB Capital Holdings LLC founder David Gentile, who was sentenced to seven years in prison for a fraud scheme that put at risk more than $1 billion of investor funds.

Gentile had reported to federal prison on Nov. 14 and spent less than two weeks there before Trump commuted his sentence. According to the US Bureau of Prisons website, Gentile was released from its custody as of Nov. 26. The fund manager was convicted by a New York federal jury in August 2024, along with co-defendant Jeffry Schneider, on securities and wire fraud ...